Onion Exporters in Pakistan are well off and have a liking for the global market. Enriched with natural resources and vast agricultural lands. This country experiences a heavy inflow of revenue. When our onion exports to the foreign market, a considerable amount is invested in infrastructure development as well.
Here is a sneak peek at Pakistan export business;
- Vegetable export from Pakistan is a commendable figure. It has amounted to approximately Rs 25,000-crores in the year 2017-18.
- Other sectors like Spice retail, Animal feed, and Fruits. They have a similar improvement in the export business sector of the state.
- Agriculture is the major revenue generator for the rural parts of the southern land. It has lots of varieties of products coming from farming and contributes to the export industry.
Pakistan Onion Trade
The value of exports of commodity group 0703 “Onions, shallots, garlic, leeks, and other alliaceous vegetables, fresh or chilled.” from Pakistan total of $ 68 million in 2019. Sales of commodity group 0703 from Pakistan went up by 36% compared to 2018: exports of commodity group 0703 “Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled.” went up by $ 18.2 million (cumulative exports of commodity group 0703 from Pakistan amounted $50 million in 2018).
Exports of commodity group 0703 “Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled.” amounted to 0.287% of total exports from Pakistan (cumulative merchandise exports from Pakistan total of $ 23 billion in 2019). The share of commodity group 0703 in total exports from Pakistan increased by 0.075 p.p. compared to 2018 (it was 0.211% in 2018 and cumulative exports from Pakistan were equal to $ 23 billion).
Exports of commodity group 0703 amounted to 27% of total sales of the group from Pakistan in 2019 (the value of exports of commodity group from Pakistan amounted to $249 million in 2019). The share of exports of commodity group 0703 in sales of commodity group from Pakistan increased by 6.97 p.p. compared to 2018 (it was 20% in 2018, and exports of commodity groups from Pakistan were $245 million)
Recent India’s ban on Onion Export
India has slapped a ban on exports of onion due to its local shortage amid floods. World imports 7 billion ton onion a year and of which around 75 percent is imported from India. The ban caused a surge in prices to new heights everywhere, as the market was heavily dependent on Indian supply.
This ban has opened up new gates for Pakistan in the international onion market. Pakistan onion trade is boosting right now. This surgeon also caused a shortage of onion in Pakistan as well. All onion exporters in Pakistan are trying to grab customers from the international market.