Tobacco exports fell by 14.10% in 8 months

Tobacco exports fell by 14.10% in 8 months

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Islamabad: During the eight months of the fiscal year (2020-2021), the country’s tobacco exports decreased by 14.10% compared to the same period last year.

Pakistan exported tobacco worth US $ 22.271 million during July-February (2020-21) compared to the exports of US $ 25.927 million during July-February (2019-20), showing negative growth of 14.10 percent, according to the Pakistan Bureau of Statistics (PBS).

In terms of volume, tobacco exports also decreased by 14.19% as the country exported 8,312 tons of tobacco during the reporting period, compared to 9,686 tons in the previous fiscal year.

Meanwhile, on year-on-year basis, the tobacco exports declined by 86.82 percent during the month of February 2021 as compared to the same month of last year.

The tobacco exports in February 2021 were recorded at $1.093 million against the exports of US $ 8.292 million in February 2020, the PBS data revealed.

Compared to the US $ 1.018 million in exports in January 2021, tobacco exports rose 7.37% month-on-month in February 2021.

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