As per the latest information available, it has been revealed that the Pakistan earned $1.860 billion by exporting rice during financial year 2015-16 as compared to the exports of corresponding period of last year. Further, it has also been reported that about 4,262,216 metric tons of rice exported during the period from July-June, 2015-16, according to the data of Pakistan Bureau of Statistics. But, it has been observed that the rice export witnesses decrease of 8.60 percent during financial year 2015-16 as its export was recorded at 3,861,406 metric tons valuing $2.035 billion during financial year 2014-15. The data also indicate that during the period under review, about 503,037 metric tons of basmati rice worth $455.249 million exported as compared to the export of 523.450 metric tons valuing 601.268 million during the same period of last year.
Further, in this matter, it has been indicated that meanwhile, about 3,759,179 metric tons of rice other than basmati costing $1.405 billion were exported during financial year 2015-16 as compared to the export of 3,337,956 metric tons valuing $1.433 billion of financial year 2014-15. However, at the same time, exports of spices from the country were recorded at $76.160 million during July-June (2015-16), as compared to the exports of $66.216 million in July-June (2014-15). While, looking in terms of quantity, the exports increased by 8.29 percent by going up from 6,713 metric tons to 20,281 metric tons. However, in June 2016, the total exports of spices were recorded at $4.551 million compared to the exports of $6.276 million in June 2015. Furthermore, it may be recalled that overall food exports from the country during the FY 2016 decreased by 12.56 percent compared to FY 2015. The food exports during the FY 2016 were recorded at $3.990 billion as compared to the exports of US$ 4.563 billion in FY 2015.