Pakistan's Agriculture Machinery Imports Decreases By 66%

The imports of agriculture & other chemicals decreased by 35.45% during review period and were recorded at $5.826 billion versus US$9.025 billion during the same period last year.

Pakistan's Agriculture Machinery Imports Decreases By 66%

When compared to imports during the same period last year, the country’s imports of agriculture machinery and implements fell by 66.31 percent over the first seven months of the current fiscal year.

According to data from the Pakistan Bureau of Statistics, imports of agriculture machinery and implements totaled $23.926 million between July and January 2022–2023 as opposed to $71.019 million during the same period in the previous year.

The imports of agriculture and other chemicals decreased by 35.45% during the review period and were recorded at $5.826 billion versus US$9.025 billion during the same period last year.

In contrast, 772,167 metric tons of fertiliser worth US$ 507.870 million were imported to meet local demand during the review period, a 12.19% decrease from the import of 996,528 metric tons of fertiliser worth US$ 578.362 million during the same period last year.

In the last seven months of the fiscal year 2022–23, the country imported about 21,286 metric tons of medical products worth US$ 838.580 million, as opposed to 36,171 metric tons worth US$ 3.397 billion in the same period last year.

In comparison to the same period last year, the imports of medicinal products decreased by 75.32 percent during the review period.

However, compared to the imports of 19,154 metric tons and $103.004 million during the same period last year, the imports of insecticides increased by 11.15 percent over the past seven months to 22,212 metric tons valued at 114.522 million. Other agricultural chemicals worth US$ 2.873 billion were imported from July through January 2022–2023 to meet local needs, compared to US$ 3.206 billion in imports during the same period last year.

The Pakistan Bureau of Statistics (abbreviated as PBS) is a federal organisation under the Pakistani government charged with commissioning the nation’s statistical services and delivering reliable and thorough statistical research.

The Pakistan Bureau of Statistics compiles and produces statistics that aid in understanding Pakistan’s population, resources, economy, society, and culture. PBS is one of the M/O Planning Development & Special Initiatives’ attached departments.