ISLAMABAD: The exports of fish and fish preparations went up by 15.18 percent during the fiscal year 2022-23 against its target in the last year, the Pakistan Bureau of Statistics (PBS) reported on Wednesday.
According to the data provided by PBS, the country earned $496.312 million from seafood exports during July-June (2022-23) compared to US $430.898 million in July-June (2021-22), showing significant growth of 15.18 percent.
In terms of quantity, the exports of fish and fish preparations went up by 28.86 percent to settle at 214,367 metric tons in FY 2022-23 against 166,362 metric tons last year.
Seafood Exports on Monthly, Yearly Bases
However, on a year-on-year basis, seafood exports went down by 3.37 percent to $39.644 million in June 2023 as compared to exports of $41.025 million during June 2022.
As per the PBS data, on a month-on-month basis, the seafood exports decreased by 21.62 as compared to the exports of $50.578 million in May 2023, according to PBS data.
In terms of quantity, fish exports went down by 15.15 percent in June 2023 compared to the exports of 22,081 metric tons in May 2023.
It is pertinent to mention here that the overall trade deficit observed a decline of 43.03 percent during the fiscal year 2022-23 as compared to the previous year (2021-22).
The trade deficit during July-June (2022-23) was witnessed at $27.547 billion compared to the deficit of $48.354 billion in July-June (2021-22), a decline of 43.03 percent.
The exports during the period were witnessed at $27.744 billion against $31.782 billion last year, showing a decline of 12.71 percent.
Meanwhile, the imports recorded a sharp decline of 31 percent by falling from $80.136 billion last year to $55.291 billion during the fiscal year 2022-23.
