Pakistan’s Tea Imports Increase 38.87% In Q1FY21

During the period under review, the state's exports registered a negative growth of 0.94%, by going down from $5.510 billion last year to $5.458 billion during the current year.

A view of a tea garden in Shinkiari, near Mansehra, KPK.

Pakistan’s tea imports witnessed a surge of 38.87% during the first quarter (Q1) of the current fiscal year, in contrast to the same period last year.

According to data revealed by the Pakistan Bureau of Statistics (PBS), tea imports were recorded at $141.965 million during July-September (2020-21) against the tea imports of $102.230 million in July-September (2019-20).

In terms of quantity, tea imports surged by 51.33% during the period under review by going up from 43,279 metric tonnes last year to 65,495 metric tonnes during the current year.

On a year-on-year (YoY) basis, the country’s tea imports increased by 46.10% during September 2020 compared to the tea imports of September 2019.

Likewise, the tea imports were recorded at $54.017 million in September 2020 against the tea imports of $36.972 million in September last year.

Moreover, on a month-on-month (MoM) basis, the tea imports rose by 8.54% in September 2020 compared to $49.767 million in August 2020.

Meanwhile, imports of general food commodities during the first quarter months of the current year surged by 56.04% by growing from $1,097.368 million last year to $1,712.376 million during the current year.

It is relevant to mention that the overall merchandise trade deficit increased by 2.02% during the first quarter of the current fiscal year (2020-21) compared to the deficit of last year’s corresponding period.

The deficit during July-September (2020-21) was recorded at $5.804 billion compared to the deficit of $5.689 billion last year, showing an increase of 2.02%.

During the period under review, the state’s exports registered a negative growth of 0.94%, by going down from $5.510 billion last year to $5.458 billion during the current year.

Conversely, the imports fell by 0.56%, from $11.199 billion last year to $11.262 billion during the current fiscal year.

What are your views on this? Share with us in the comments below.


  • Featured Content⭐

    >