Cement export increases 8.27pc YoY in Q1FY21

ISLAMABAD: The export of cement from the country witnessed an increase of 8.27 per cent during the first quarter (Q1) of the financial year (FY2020-21) as compared to the corresponding period of last fiscal year.

The country exported cement worth $72.296 million during July-September FY21 against the exports of $66.773 million during July-September FY20, according to data released by the Pakistan Bureau of Statistics (PBS).

In terms of quantity, cement exports increased 30.09pc, from 2,196,835 metric tonnes to 1,688,687 metric tonnes.

Meanwhile, on a year-on-year basis, cement exports grew 23.9pc in September 2020 as compared to the same month of last year. The export of cement in September 2020 was recorded at $27.788 million against the export of $24.623 million in September 2019.

Likewise, on a month-on-month basis, cement exports rose 28.75pc in Sept 2020 as compared to the exports of $21.583 million in August 2020.

It is pertinent to mention that the overall merchandize trade deficit increased by 2.02pc during the first quarter of FY21 as compared to the corresponding period of last year.

The deficit during July-September FY21 was recorded at $5.804 billion as compared to the deficit of $5.689 billion last year.

During the period under review, the country’s exports registered a fall of 0.94pc, from $5.510 billion last year to $5.458 billion during the current year.

On the other hand, the imports decreased by 0.56pc, from $11.199 billion last year to $11.262 billion during the current year.

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