Tea imports up by 10.8% in first quarter

Tea imports up by 10.8% in first quarter

ISLAMABAD, Nov 7 (APP): The tea imports into the country
increased by 10.79 percent during the first quarter of the current
fiscal year compared to the corresponding period of last year.
The tea imports into the country were recorded at $134.448
million during July-September (2016-17) compared to the imports of
$121.355 during July-September (2015-16), showing growth of 10.79
percent, according to the data of Pakistan Bureau of Statistics
(PBS).
In terms of quantity, the tea imports into the country
increased by 46.49 percent by going up from the imports of 39,537
metric tons last year to 57,916 metric tons during the period under
review.
Meanwhile, on year-on-year basis, the tea imports into the
country increased by 1.52 percent during the month of September 2016 compared to the same month of last year.
The tea imports during September 2016 were recorded at $40.253
million compared to the imports of $39.650 million in September
2015, according to PBS data.
On month-on-month basis, the tea imports into the country
during September 2016 decreased by 22.74 percent when compared to
the imports of $52.098 million imports during August 2016.
The overall food group imports into the country increased by
9.7 percent during July-September (2016-17) by going up from $1.239
million last year to $1.359 million, the data revealed.
It is pertinent to mention here that the country’s exports
during first quarter of current fiscal year fell by 8.98 per cent to
$4.681 billion from $5.143 billion in same period of last year.
The imports rose to $11.746 billion in July-September 2016-17
from $10.611 billion in first three months of the year 2015 16 thus
showing an increase of 10.7 per cent.
Based on the figures, the trade deficit widened by 29.21 per
cent during the period under review as it went up to $7.065 billion
in July September (2016 17) as against the trade deficit of $5.468
billion in same period of last year.

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