Cement exports decline 13pc in two months FY20

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ISLAMABAD: Cement exports from the country during the first two months of the current financial year (FY2019-20) decreased by 13.16pc as compared to the corresponding period of last year.

The cement exports from the country were recorded at $42.150 million during July-August 2019-20, as against the export of $ 48.537 million during July-August 2018-19, according to data issued by the Pakistan Bureau of Statistics (PBS) on Friday.

In terms of quantity, the export of cement plunged by 11pc, from 985,076 metric tonnes to 1,107,358 metric tonnes.

On a year-on-year basis, cement exports fell by 39.27pc during the month of August 2019 when compared to the same month of last year. The cement export in August 2019 was recorded at $16.745 million, as against the export of $27.572 million in August 2018.

On a month-on-month basis, the export of cement also decreased by 34.09pc in August 2019 when compared to the exports of $25.405 million in July 2019.

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