Fish exports drop 4.11pc to $406m

ISLAMABAD: The exports of fish and its preparations decreased by 4.11pc during the first 11 months of the fiscal year 2018-19 as compared to the corresponding period of last year.

Seafood exports during July-May 2018-19 were recorded at $406.565 million, as against the exports of $423.977 million in July-May 2017-18, according to Pakistan Bureau of Statistics (PBS).

In terms of quantity, Pakistan exported 179,743 metric tonnes of seafood during the period under review against the exports of 184,107 metric tonnes last year, a decrease of 2.37pc.

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On a year-on-year basis, the fish exports from the country increased by 10.78pc, as it went up from $52.429 million in May 2018 to $58.081 million in May 2019.

On a month-on-month basis, seafood exports increased by 6.4pc in May 2019 as compared to the exports of $54.589 million in April 2019.

Meanwhile, the overall food exports from the country witnessed a decrease of 4.61pc, as they went down to $4.27 billion during the first 11 months of the ongoing fiscal year as compared to the exports of $4.47 billion during the corresponding period of FY2017-18.

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