Fertilizer exports increase 100pc in first quarter

ISLAMABAD: Country eared US$ 26.372 million by exporting fertilizer during first quarter of current financial year as compared the exports of the corresponding period of last year.

The fertilizer exports witnessed 100 percent increase during the period from July-September, 2017-18 as compared the exports of the same period of last year, according the data of Pakistan Bureau of Statistics.

During the period under review, about 120.549 metric tons of fertilizer manufactured worth of US$ 26.372 million exported as compared the exports of first quarter of last financial year.

On month on month basis, the exports of fertilizer from the country also grew by 100 percent in month of September, 2017 and about 33,939 metric tons of the agri-input valuing US$ 7.286 million exported, whereas no quantity of the fertilizer exported in same month of last year, the data added.

Meanwhile, in first quarter the exports of machinery for particular industries grew by 59.33 percent as about 10.840 million was earned as compared the US$ 6.189 million of same period of last year, it added.

In September, 2017, the exports of machinery for particular industries grew by 323.65 percent and auto parts and accessories increased by 55.11percent respectively, the data revelled.

Machinery for particular industry worth of US$ 3.779 million exported in month of September as compared the exports of US$ 89,200 of same month of last year, it added.

On the other hand the imports of agriculture machinery into the country from July-September, 2017-18 increased by 37.26 percent as country spent US$ 32.433 million on the import of agri-machinery as compared the import of US$ 23.639 million of same period last year.