According to Pakistan’s Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of $20.78 million by exporting 446,741t of cement in May 2018 compared to $19.147m on 404,898t of cement in the previous month (April).
This represents a month-on-month (MoM) growth of 8.6 per cent and 10.3 per cent in terms of value and quantity, respectively. When compared with the figure of May 2017 – earning $14.863m on 283,193t of cement – cement exports advanced year-on-year (YoY) at 39.9 per cent and 57.8 per cent in terms of value and quantity, respectively.
On a cumulative basis, export revenue between July 2017 and May 2018 stood at $206.533m on 4.189Mt of cement against $219.812m on 4.166Mt in corresponding 11 months of the last fiscal year. This reflects a YoY fall in value by 6 per cent, but a 0.6 per cent rise in volumes on a YoY basis. However, the value of cement fell from $52.75/t to $49.29/t during this period.
