MARKET ANALYSIS

AGRICULTURAL CHEMICALS IMPORTS INCREASE 75.01% IN 9 MONTHS

Agriculture chemical imports into the country during first three quarters of current financial year increased by 75.01% as compared to the import of the corresponding period of last year. During the period from July-March, 2021-22 agricultural and other chemicals valuing $11.098 billion imported as against the imports of $6.341 billion of same period of last year, according the data of Pakistan Bureau of Statistics. In last 09 months country spent $675.199 million on the import of 1,232,926 metric tons of fertilizers manufactured as against the import of 1,256,943 metric tons costing $440.156 million of same period last year, the data revealed. During the period under review, 24,379 metric tons of insecticides worth of $135.720 million imported as compared the import of 28,509 metric tons valuing $130.046 million of same period last year, it added. The imports of insecticides during the period under review witnessed about 4.36% increase.  Meanwhile, the imports of 43,443 metric tons of medicinal products costing $3.733 billion were also imported as against the import of 16,059 metric tons valuing $834.714 million of same period last year, it added. During the period under review country also spent $4.229 billion on the imports of other chemicals during first 09 months of current financial year as against the import of $3.165 billion, which was higher by 33.60%.