Plastic exports dip 8.11pc to $51m

ISLAMABAD: The export of plastic materials from the country during the first two months of the current financial year (2019-20) witnessed a decline of 8.11pc as compared to the corresponding period of last year.

Plastic exports from the country were recorded at $51.053 million during July-August 2019-20 as against the exports of $55.561 million during July-August 2018-19, according to data issued by the Pakistan Bureau of Statistics (PBS).

In terms of quantity, the export of plastic products witnessed an increase of 14.19pc, from 39,953 metric tonnes last year to 45,623 metric tonnes during the period under review.

Meanwhile, on a year-on-year basis, plastic exports declined by 35.08pc in the month of August 2019, compared with the same month of last year. Plastic exports in August 2019 were recorded at $22.261 million as against the exports of $34.292 million in August 2018.

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On a month-on-month basis, the exports of plastic plunged by 22.68pc in August 2019 when compared to the exports of $28.792 million in July 2019.

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