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Tea imports fall 6.76% in four months

06 December, 2012

ISLAMABAD: Tea imports into the country decreased by 6.76 percent during the first four months of the current year over the same period of last year.

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ISLAMABAD: Tea imports into the country decreased by 6.76 percent during the first four months of the current year over the same period of last year. The tea imports into the country during July-October 2012-13 were recorded at $109.567 million against the imports of $117.507 million during July-October 2011-12, according to the data of Pakistan Bureau of Statistics (PBS).

However, in terms of quantity the tea imports witnessed a slight increase of 1.6 percent during the period under review by going up from 39,757 metric tonnes to 40,395 metric tonnes.

On the other had the tea imports into the country during the month of October 2012 increased by 26.65 percent and 57.71 percent when compared to the imports of October 2011 and September 2012 respectively. The tea imports during October 2012 stood at $41.018 million against the imports of 32.388 in October 2011 and 26.008 million in September 2012, the data revealed.

In terms of quantity the tea imports during October 2012 increased by 24.19 percent and 40.46 percent when compared to the imports of October 2011 and September 2012 respectively.

The tea imports during October 2012 stood at 13,744 metric tonnes against the imports of 11,067 metric tonnes in October 2011 and 9,785 metric tonnes in September 2011, according to the data. The overall food imports into the country during current fiscal year witnessed decrease of 7.38 percent against the imports of the same period of last year.

The food imports during 2012-13 stood at $$1.514 billion against the imports of $1.634 billion during 2011-12. The country's overall trade deficit decreased by 6.79 percent, with exports witnessing growth of 4.98 percent and imports decreasing by 0.54 percent during the first four months of the current fiscal year, showing a positive development in trade balance. The overall imports during the period under review were recorded at $14.643 billion against those of $14.723 billion during last year, showing negative growth of 0.54 percent.

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