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Cement exports up 25pc in 11 months of ongoing FY

Cement exports up 25pc in 11 months of ongoing FY

ISLAMABAD: The exports of cement from the country witnessed an increase of 25.97pc during the first eleven months of the ongoing fiscal year, as against the exports of the corresponding period of last year.

The cement exports from the country were recorded at $260.169 million during July-May 2018-19, as against the exports of $206.526 million during July-May 2017-18, showing a growth of 25.97pc, according to the latest data of Pakistan Bureau of Statistics (PBS).

In terms of quantity, the exports of cement witnessed an increase of 46.18pc, as it went up from 6,127,835 metric tonnes to 4,192,060 metric tonnes.

Meanwhile, on a year-on-year basis, the cement exports witnessed a decrease of 17.97pc during the month of May 2019 when compared to the same month of last year. The cement exports in May were recorded at $17.050 million against the exports of $20.785 million in May 2018.

On a month-on-month basis, the export of cement decreased by 22.01pc during May 2019, as compared to the export of $21.861 million in April 2019.

It is pertinent to mention that the country’s merchandise trade deficit plunged by 13.62pc during the first eleven months of the current fiscal year as compared to the corresponding period of last year.