Annual Analytical Report on External Trade Statistics of Pakistan 2 0 2 4 F Y 37 SECTION-1 2024 on traditional buyers. By addressing these issues and leveraging its agricultural strengths, Pakistan can further consolidate its position as a leading exporter of non- basmati rice in the global market. Table 17: Top 20 Non-Basmati Rice Exports Market During FY2024 COUNTRY EXPORT VALUE (MILLION US$) EXPORT QUANTITY (MT) FY 2024 FY 2023 % Change FY 2024 FY 2023 % Change RICE OTHER VARIETIES 3,055 1,499 103.8 5,253,155 3,123,041 68.2 Indonesia 435 36 1,124.10 715,978 88,930 705.1 Malaysia 337 89 277.7 576,449 213,384 170.1 Afghanistan 261 134 95 518,857 489,746 5.9 Kenya 227 170 33.7 390,723 353,881 10.4 Senegal 159 28 467.7 342,869 91,126 276.3 Philippines 138 42 228.5 249,172 98,204 153.7 United King dom 93 74 25.2 97,447 68,957 41.3 Madagascar 91 11 716 172,581 28,555 504.4 Cote d'Ivoire (Ivory Coast) 91 27 232.4 159,440 78,649 102.7 Cameroon 85
166,582
Tanzania 79 86 -7 139,212 195,111 -28.6 Djibouti 78 23 236.8 156,245 52,872 195.5 Kazakhstan 77 62 24.8 166,726 132,264 26.1 Mozambique 70 10 604.4 123,575 27,698 346.2 Benin 63 21 192.7 113,487 36,896 207.6 Togo 58 7 759 105,369 14,293 637.2 Belgium 57 87 -34.9 56,333 69,998 -19.5 Italy 55 63 -11.9 60,151 60,899 -1.2 Saudi Arabia 54 44 22.9 81,531 71,587 13.9 Haiti 52 38 36.9 84,734 93,700 -9.6 Key Markets for Pakistan’s Non-Basmati (Other) Rice: The market for the export of Pakistani non-basmati rice has been steadily expanding, with key destinations including African nations, Middle Eastern countries, and parts of Southeast Asia. Countries like Indonesia, Malaysia, Afghanistan, Kenya, Senegal, Philippines and United Kingdom are among the prominent buyers of non-basmati rice from Pakistan. The demand for non- basmati rice is driven by its affordability and use in staple foods across these regions. Additionally, Pakistan’s competitive pricing, favourable trade agreements, and geographical proximity to key markets make its non-basmati rice a preferred choice in many developing countries. 1.1.1.10. Meat Exports In FY 2024, Pakistan’s meat exports reached a total volume of 123,419 metric tons, generating an export value of US$512 million. Beef dominated the meat export category, accounting for 101,749 metric tons with a value of US$403 million, representing a significant 78.7 percent share of total meat exports. This highlights Pakistan’s strong position in beef production and its growing demand in international markets. Mutton followed as the second-largest contributor, with 16,796 metric tons exported, generating US$100 million and comprising 19.6 percent of total export value. Mutton exports reflect Pakistan’s niche in catering to specific markets with high demand for this premium meat type. Poultry, though a smaller segment, recorded an export volume of 4,874 metric tons and a value of US$8 million, contributing 1.7 percent to the total. While poultry’s share remains modest, it highlights opportunities for growth in value-added products to increase competitiveness in global markets. Overall, Pakistan’s meat sector plays a vital role in export earnings, with beef and mutton leading the charge. However, there remains untapped potential to diversify and expand into other meat categories to further enhance export revenues. This performance underscores the importance of strengthening livestock production systems, improving quality standards, and exploring emerging markets to maintain momentum in this sector. Table 18: Export Composition by Type of Meat MEAT TYPE VOLUME (MT) EXPORT VALUE (MILLION US$) %SHARE Total Meat 123,419 512 Beef 101,749 403 78.7 Mutton 16,796 100 19.6 Poultry 4,874 8 1.7 Key Export Destinations of Meat The United Arab Emirates remained the largest market, accounting for US$201 million (up 3 percent) and 48,165 metric tons (up 5.1 percent). Saudi Arabia showed remarkable growth, with exports rising by 65.1 percent in value to US$141 million and 58.3 percent in quantity to 26,683 metric tons. However, exports to Kuwait and Qatar declined slightly, with Kuwait experiencing a 13.1 percent drop in value and 13 percent in quantity. Notable growth was recorded in emerging markets like Uzbekistan (65.9 percent in value, 60.4 percent in quantity), Vietnam (274.5 percent in value, 218.2 percent in quantity), and Kazakhstan, where export value surged by 821.2 percent. New markets such as China and Kyrgyzstan also emerged, indicating expanding demand for Pakistan’s meat products. These trends
38 Annual Analytical Report on External Trade Statistics of Pakistan 2 0 2 4 F Y highlight Pakistan’s growing footprint in the global meat trade and the potential for further diversification and market expansion. Table 19: Top Meat Exports Market During FY2024 COUNTRY EXPORT VALUE (MILLION US$) EXPORT QUANTITY (MT) FY 2024 FY 2023 % Change FY 2024 FY 2023 % Change Meat and Meat Prepa rations 512 426 20.2 123,419 99,892 23.6 United Arab Emirates 201 195 3 48,165 45,833 5.1 Saudi Arabia 141 85 65.1 26,683 16,857 58.3 Kuwait 49 56 -13.1 9,364 10,757 -13 Qatar 40 40 -0.2 8,636 9,016 -4.2 Bahrain 22 22 0.4 4,831 5,065 -4.6 Uzbekistan 17 10 65.9 4,975 3,102 60.4 Oman 14 14 2.2 3,510 3,462 1.4 Viet Nam 12 3 274.5 9,548 3,001 218.2 Kazakhstan 7 1 821.2 2,919 368 692.5 Hong Kong 3 4 -11.3 2,642 1797 47 China 2 0
539 0
Kyrgyzstan 1 0
565 0
1.1.1.11. Vegetable Exports The export of vegetables is an essential component of Pakistan’s agricultural export portfolio. During FY 2024, Pakistan exported a variety of fresh and processed vegetables, including potatoes, onions, tomatoes, carrots, and garlic. The total export volume for vegetables reached approximately 1.262 million tons, contributing significantly to the country’s foreign exchange earnings. Table 20: Pakistan’s Key Vegetables Exports During FY2024 VEGETABLE TYPE EXPORT VOLUME (MT) EXPORT VALUE (MILLION US$) ONIONS 346,378 223 POTATOES 749,428 139 BRASSICA 95,646 14 TOMATOES 35,532 5 In FY 2024, Pakistan’s vegetable exports grew by 43.2 percent in value compared to FY 2023 despite decreasing volume by 5.6 percent. This growth was attributed to increasing demand for Pakistani vegetables in international markets. Additionally, Pakistan’s ability to provide competitive pricing due to lower production costs helped solidify its position in key export markets. Processed vegetables, including frozen and dried products, are a growing segment of Pakistan’s vegetable export industry. There is a rising demand for frozen vegetables like peas and spinach in international markets, especially in Southeast Asia and Europe. Pakistan can capitalize on this trend by investing in processing facilities and improving its packaging and preservation technologies. Major Export Destinations for Vegetable Exports In FY 2024, Pakistan’s vegetable exports showed remarkable growth in value, increasing by 43.2 percent to US$430 million, despite a 5.6 percent decline in export quantity to 1,261,681 metric tons compared to FY 2023. Key markets like Sri Lanka and the UAE led the export surge, with values rising by 40 percent and 52.4 percent, respectively, though quantities dropped by 18.4 percent and 13.5 percent. Malaysia emerged as a standout performer, with export value skyrocketing by 227.2 percent and quantity increasing by 85.8 percent. Qatar and Oman also exhibited strong growth, with export values nearly doubling by 99.3 percent and 95.7 percent, respectively. Table 21: Top 20 Vegetable Export Market During FY2024 COUNTRY EXPORT VALUE (MILLION US$) EXPORT QUANTITY (MT) FY 2024 FY 2023 % Change FY 2024 FY 2023 % Change Vegetable 430 300 43.2 1,261,681 1,336,942 -5.6 Sri Lanka 93 67 40 248,031 303,921 -18.4 United Arab Emir ates 90 59 52.4 204,049 235,912 -13.5 Afghani stan 78 86 -9.8 467,226 559,170 -16.4 Malaysia 69 21 227.2 161,819 87,109 85.8 Qatar 28 14 99.3 63,450 42,615 48.9 Oman 14 7 95.7 43,548 29,539 47.4 United Kingdom 10 8 22.9 4,931 4,189 17.7 Singapore 9 3 245 17,259 9,877 74.7 Bahrain 7 4 63.1 15,115 13,589 11.2 Saudi Arabia 6 5 33.2 4,641 3,235 43.5 Kuwait 5 1 264.8 10,920 3,150 246.7 U.S. America 4 5 -17.1 1,688 2,165 -22 Canada 3 3 -8.1 1,383 1,562 -11.5 Australia 1.5 1.1 30.2 644 579 11.3 France 1.2 2.3 -46.6 311 453 -31.3 Italy 0.8 0.8 5.3 502 487 3.1 Nether lands 0.8 0.3 150.1 402 177 126.6 Germany 0.6 0.5 33.2 299 247 21.3 Russian Federation 0.6 3.4 -82.5 2,283 11,309 -79.8 Maldives 0.5 0.4 38.1 1,259 911 38.1 However, declines were observed in Afghanistan, where export value fell by 9.8 percent and quantity dropped by 16.4 percent, and traditional Western markets like the U.S. (-17.1 percent in value) and France (-46.6 percent in value). Newer markets such as Singapore and Kuwait showed exceptional growth, with export values rising by 245 percent and 264.8
Annual Analytical Report on External Trade Statistics of Pakistan 2 0 2 4 F Y 39 SECTION-1 2024 percent, respectively, signalling diversification in export destinations. These trends highlight Pakistan’s success in capturing demand in key Asian and Gulf markets while facing challenges in maintaining quantities in traditional markets. 1.1.1.12. Fish & fishery product Exports The fisheries sector is an important contributor to Pakistan’s economy, both in terms of domestic consumption and exports. Pakistan’s fish and fishery product exports continued to grow, with increasing demand from international markets such as China, Thailand, the Middle East, and Europe. Table 22: Pakistan’s Fish Exports (FY 2024) FISH & FISH PRODUCT TYPE EXPORT VOLUME % Change FRESH FISH 15,965 35 FROZEN FISH 182,321 369 DRIED OR PRO CESSED FISH 1,452 6 The fisheries sector in Pakistan, which includes both marine and inland fisheries, is a significant source of foreign exchange earnings. Fish exports from Pakistan consist of a wide variety of products, including fresh, frozen, dried, and processed fish. In FY 2024, Pakistan exported approximately 199,738 tons of fish, generating revenue of around US$410 million. Major Export Destinations Pakistan’s fish and fishery product exports declined in FY 2024, with export value dropping by 17.4 percent to US$410 million and quantity decreasing by 6.9 percent to 199,738 metric tons compared to FY 2023. China remained the largest market, though exports fell by 20.2 percent in value and 13 percent in quantity. Thailand showed mixed performance, with a 27.3 percent rise in quantity despite an 11.2 percent drop in value. The UAE and Japan recorded slight growth in export quantities, rising by 2.2 percent and 5.4 percent, respectively. Vietnam displayed strong growth, with a 24.2 percent increase in value and a 52.3 percent surge in quantity. However, steep declines were seen in markets like South Korea (-36.5 percent in value), Indonesia (-66.7 percent in value), and the U.S. (-36.3 percent in value). Newer markets such as Italy and Afghanistan showed promise, with Italy’s export value rising by 116.3 percent and Afghanistan’s quantity increasing by 57.3 percent. Despite challenges, Pakistan’s seafood exports continued to diversify across key markets. Table 23: Top 20 Fish Exports Market During FY2024 COUNTRY EXPORT VALUE (MILLION US$) EXPORT QUANTITY (MT) FY 2024 FY 2023 % Change FY 2024 FY 2023 % Change FISH AND FISHERY PRODUCT 410 497 -17.4 199,738 214,568 -6.9 China 181 226 -20.2 87,461 100,476 -13 Thailand 90 101 -11.2 56,631 44,485 27.3 United Arab Emirates 25 25 -2.1 6,401 6,263 2.2 Malaysia 19 23 -16.3 7,648 8,374 -8.7 South Korea 12 19 -36.5 5,805 8,349 -30.5 Kuwait 12 14 -16.5 2,501 2,802 -10.7 Japan 12 12 2.1 2,318 2,199 5.4 Viet Nam 10 8 24.2 3,750 2,463 52.3 Saudi Arabia 8 13 -34.7 2,882 3,772 -23.6 Indonesia 5 16 -66.7 6,810 19,705 -65.4 U.S. Amer ica 5 7 -36.3 735 1,047 -29.8 Bahrain 4 5 -16.5 2,445 1,750 39.7 Iraq 4 3 13 3,647 3,253 12.1 United Kingdom 3 2 79.4 979 578 69.3 Taiwan 3 4 -32.2 1,250 1,916 -34.8 Afghanistan 2 2 44 3,281 2,086 57.3 Belgium 2 4 -37.1 473 641 -26.2 Singapore 2 2 -14.5 596 697 -14.5 Italy 1 1 116.3 400 115 248.1 Canada 1 1 29 210 159 32 1.1.1.13. Oil seeds, nuts and kernels Exports Pakistan has long been recognized for exporting a variety of agricultural commodities, with oil seeds, nuts, and kernels standing out as key contributors. FY 2024 saw an impressive 117.2 percent increase in the export value of these products, reflecting strong international demand and improved domestic production. Sesame seeds played a pivotal role in this growth, with their export value surging by 233.9 percent, alongside a remarkable 141.6 percent increase in export quantity. This outstanding performance highlights the potential of Pakistan’s agricultural sector to capitalize on global trends, driven by efforts to enhance productivity and meet quality standards. Such results underscore the importance of fostering this sector to sustain growth and expand its global footprint. The rising global demand for healthy, organic products significantly influenced Pakistan’s export performance in FY 2024. Products like sesame seeds and groundnuts, widely used in oils, snacks, and health products, saw increased consumption internationally.