Plastic exports surge 34pc in FY19

0
2026

ISLAMABAD: The export of plastic material from the country witnessed an increase of 33.9pc during the financial year 2018-19, as against the exports of the corresponding period of last year.

The plastic exports from the country were recorded at $318.699 million during July-June 2018-19, as against the export of $238.010 million during July-June 2017-18, according to the latest data released by Pakistan Bureau of Statistics (PBS).

In terms of quantity, the export of plastic materials witnessed an increase of 22.09pc, as it went up from 207,863 metric tonnes to 253,777 metric tonnes.

Meanwhile, on a year-on-year basis, the export of plastic materials grew by 67.71pc during the month of June 2019 when compared to the same month of last year.

Plastic exports from the country during June 2019 were recorded at $28.322 million, as against the export of $16.887 million in June 2018.

On a month-on-month basis, plastic exports increased by 5.77pc in June 2019 when compared to the export of $26.776 million in May 2019.

It is pertinent to mention that the country’s merchandize trade deficit plunged by 15.33pc in FY19 as compared to the corresponding period of last year.

The trade deficit contracted to $31.820 billion during FY19, as against the deficit of $37.583 billion recorded in FY18.

LEAVE A REPLY

Please enter your comment!
Please enter your name here