Plastic imports drop 4pc in 11 months

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ISLAMABAD: The imports of plastic materials into the country decreased by 4.15pc during the first eleven months of the fiscal year 2018-19, as compared to the corresponding period of FY18.

Pakistan imported plastic material worth $2.066 billion during July-May 2018-19, as compared to the imports of $2.155 billion during July-May 2017-18, according to the latest data issued by Pakistan Bureau of Statistics (PBS).

In terms of quantity, Pakistan imported 1,469.145 metric tonnes of plastic materials during the period under review as compared to the imports of 1,398.526 metric tonnes during the corresponding period of last year, showing an increase of 5.05pc.

Meanwhile, on a year-on-year basis, the plastic imports witnessed a negative growth of 2.39pc in May 2019, when compared to the imports of the same month last year. The plastic imports during May 2019 were recorded at $215.262 million, as against the imports of $220.544 million in May 2018. 

On a month-on-month basis, the plastic material imports dropped by 3.61pc during May 2019, when compared to the imports of $223.328 million in April 2019.

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