Cutlery exports surge 18.6pc in three months FY20

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ISLAMABAD: The export of cutlery from the country witnessed an increase of 18.66pc during the first quarter of the current financial year (1QFY20) as compared to the corresponding period of last year.

Pakistan exported cutlery worth $23.829 million during July-September 2019-20, as against the exports of $20.082 million during July-September 2018-19, according to the Pakistan Bureau of Statistics (PBS).

On a year-on-year basis, cutlery exports during September 2019 increased by 12.92pc when compared with the same month of last year. The cutlery exports during September 2019 were recorded at $6.973 million as against the export of $6.175 million in September 2018.

Meanwhile, on a month-on-month basis, cutlery exports in September 2019, however, witnessed a decline of 14.56pc when compared with the export of $8.161 million in August 2019.

It is pertinent to mention that the country’s merchandise trade deficit plunged by 34.85pc during the first three months of the current fiscal year as compared to the deficit of the same month of last year.

The trade deficit during July-September 2019-20 was recorded at $5.727 billion against the deficit of $8.791 billion during July-September 2018-19.

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