MARKET DEVELOPMENT
Palm oil Imports Fall 17.35pc in FY2012-13, 95pc in June
Palm oil Imports Fall 17.35pc in FY2012-13, 95pc in June
31/07/2013 (Business Recorder) - Palm oil imports into the country witnessed negative growth of 17.35 percent during the fiscal year 2012-13 against the trade of corresponding period of last year.
The palm oil imports into the country during July-June (2012-13) were recorded at $1.962 billion against the imports of $2.374 billion recorded during July-June (2011-12), according to the data of Pakistan Bureau of Statistics (PBS).
In terms of quantity, the palm oil imports increased slightly by 2.61 percent during the period under review by going up from 2,108,727 metric tons during FY2011-12 to 2,163,805 metric tons during FY 2012-13.
Meanwhile, on year-on-year basis, the palm oil imports during June 2013 decreased by 47.56 percent in June 2013 when compared to the trade of June 2012.
The palm oil imports in June 2013 were recorded at $127.511 million against the imports of $243.178 million in June 2012.
On month-on-month basis, the palm oil imports in June 2013 increased by 5.58 percent when compared to the imports of $135.046 million in May 2013.
On the other hand, the soyabean oil imports into the country increased by 44.83 percent during FY 2012-13. The soyabean oil imports were recorded at $74.466 million in 2012-13 against the imports of $51.417 million in 2011-12, the data revealed.
On year-on-year basis, the imports of soyabean oil decreased by 95.16 percent during June 2013 when compared to the trade of June 2011, the data revealed. The soyabean oil imports in June 2013 were recorded at $0.446 million against the imports of 9.214 million during June 2012.
On month-on-month basis, the imports of soyabean oil decreased by 97 percent in June 2013 when compared to the imports of $15.339 million recorded during May 2013.
The overall food imports into the country during the FY2012-13 witnessed fall of 16.14 percent when compared to the corresponding year.
The food imports were recorded at $4.187 billion in July-June (2012 13) against the imports of $4.993 billion recorded during July-June (2011-12).
It is pertinent to mention here that the overall trade deficit during the last financial year (2012-13) narrowed by 4.02 percent as exports witnessed positive growth of 3.78 percent over the corresponding period of last year.
Exports during July-June (2012-13) were recorded at $24.518 billion against the exports of $23.624 billion recorded during July-June (2011-12), showing positive growth of 3.78 percent.
On the other hand, the imports into the country witnessed very nominal increase of 0.08 percent by going up from $44.912 billion last year to $44.950 billion during fiscal year 2012-13.
Based on these figures, the overall trade deficit during 2012-13 stood at $20.432 billion against the deficit of $21.288 billion in 2011-12, showing negative growth of 4.02 percent.
The palm oil imports into the country during July-June (2012-13) were recorded at $1.962 billion against the imports of $2.374 billion recorded during July-June (2011-12), according to the data of Pakistan Bureau of Statistics (PBS).
In terms of quantity, the palm oil imports increased slightly by 2.61 percent during the period under review by going up from 2,108,727 metric tons during FY2011-12 to 2,163,805 metric tons during FY 2012-13.
Meanwhile, on year-on-year basis, the palm oil imports during June 2013 decreased by 47.56 percent in June 2013 when compared to the trade of June 2012.
The palm oil imports in June 2013 were recorded at $127.511 million against the imports of $243.178 million in June 2012.
On month-on-month basis, the palm oil imports in June 2013 increased by 5.58 percent when compared to the imports of $135.046 million in May 2013.
On the other hand, the soyabean oil imports into the country increased by 44.83 percent during FY 2012-13. The soyabean oil imports were recorded at $74.466 million in 2012-13 against the imports of $51.417 million in 2011-12, the data revealed.
On year-on-year basis, the imports of soyabean oil decreased by 95.16 percent during June 2013 when compared to the trade of June 2011, the data revealed. The soyabean oil imports in June 2013 were recorded at $0.446 million against the imports of 9.214 million during June 2012.
On month-on-month basis, the imports of soyabean oil decreased by 97 percent in June 2013 when compared to the imports of $15.339 million recorded during May 2013.
The overall food imports into the country during the FY2012-13 witnessed fall of 16.14 percent when compared to the corresponding year.
The food imports were recorded at $4.187 billion in July-June (2012 13) against the imports of $4.993 billion recorded during July-June (2011-12).
It is pertinent to mention here that the overall trade deficit during the last financial year (2012-13) narrowed by 4.02 percent as exports witnessed positive growth of 3.78 percent over the corresponding period of last year.
Exports during July-June (2012-13) were recorded at $24.518 billion against the exports of $23.624 billion recorded during July-June (2011-12), showing positive growth of 3.78 percent.
On the other hand, the imports into the country witnessed very nominal increase of 0.08 percent by going up from $44.912 billion last year to $44.950 billion during fiscal year 2012-13.
Based on these figures, the overall trade deficit during 2012-13 stood at $20.432 billion against the deficit of $21.288 billion in 2011-12, showing negative growth of 4.02 percent.