11MFY20: Cement exports fall 6.8pc to $242m 

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ISLAMABAD: The export of cement from the country witnessed a decline of 6.79pc during the first 11 months of the current financial year, as compared to the corresponding period of last year.

Cement exports were recorded at $242.507 million during July-May FY20, as against the exports of $260.170 million during July-May FY19, according to data released by the Pakistan Bureau of Statistics (PBS).

In terms of quantity, however, cement exports increased by 6.94pc, from 6,136,274 metric tonnes last year to 6,562,179 metric tonnes.

Meanwhile, on a year-to-year basis, the export of cement increased by 13.22pc in May 2020 as compared to the same month of last year. Cement exports in May 2020 were recorded at $19.303 million as against the exports of $17.049 million in May 2019.

On a month-on-month basis, cement exports registered a growth of 47.01pc in May 2020 when compared with the exports of $13.130 million in April 2020.

It is pertinent to mention that the country’s trade deficit witnessed a significant reduction in the first 11 months of the current financial year, declining by 27.75pc when compared with the corresponding period of last year.

Exports witnessed a decrease of 6.85pc to $19.801 billion, as compared to the exports of $21.256 billion during the same period of last year.

On the other hand, imports witnessed a significant fall of 18.93pc, from $50.410 billion in 11MFY19 to $40.866 billion during the period under review.

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