Seafood exports up 7.22% to reach at $63.364m in 1st quarter

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The exports of fish and fish preparations from the country witnessed increase of 7.22 percent during the first quarter of the current fiscal year as compared to the corresponding period of last year.
The exports of fish and fish preparations were recorded at US$63.364 during July-September (2012-13) as compared to the exports of US$59.096 million during July-September (2011-12), according to the data of Pakistan Bureau of Statistics (PBS).
In terms of quantity, the exports of fish and fish preparations increased by 11.39 percent during the first three months of current year.
As much as 26,281 metric tons of fish was exported during the first quarter against the exports of 23,593 metric tons during the same period of last year, the data revealed.
During the month of September 2012, the exports of fish and fish preparations witnessed increase of 17.13 percent when compared to the exports of the same moth of the last year.
The exports of fish and fish preparations were recorded at US$31.422 million in September 2012 against the exports of US$ 26.844 million recorded during September 2011.
As compared to the exports of US$14.153 million in August 2012, the exports in September surged by 122.44 percent in September 2012, the PBS data revealed.
It is pertinent to mention here that the overall food exports from the country decreased by 11.54 percent during the first quarter of the current fiscal year.
The over all food exports were recorded at US$878.680 million in the quarter under review against the exports of US$993.352 million during the same period of last year.
The overall exports from the country witnessed positive growth of 4.26 percent while the imports decreased by 2.37 percent during the first quarter, indicating a positive trends in the overall trade volume of the country.
Exports from the country during July_September (2012 _13) were recorded at US$6.187 billion against the exports of US$5.934 billion during the same period of last year.
On the other hand, the imports into the country decreased from
US$11.117 billion last year to US$10.853 billion during the current fiscal year, the data revealed.
Based on these figures, the overall trade deficit has been recorded at 9.9 percent as it shrunk reduced from the deficit of US$5.183 billion last year to US$4.666 this year.