ISLAMABAD: The cement exports have decreased 9.77 percent during the first month of the current fiscal year 2020-21, against the exports of the corresponding period of last year.
According to the Pakistan Bureau of Statistics (PBS) report, the country exported cement worth $22.925 million during July 2020 against the exports of $25.407 million during July 2019, showing a decline of 9.77 percent.
In terms of quantity, the exports of cement however witnessed an increase of 14.08 percent by going up from 643,076 metric tons to 733,592 metric tons, according to the data.
The exports of cement also grew by 35.35 percent during July 2020 as compared to the exports of $16.937 million in June 2020, the PBS report said.
It is worth mentioning here that the trade deficit during the first month of the current fiscal year dipped by 7.72 percent as compared to the corresponding period of last year.
The trade deficit during July 2020 was recorded at $1.686 billion against the deficit of $1.827 million in July 2019, the data revealed.
During the month under review, the exports from the country increased by 6.10 percent, from $1.886 billion last year to $2.001 billion during the current year.
Earlier, a 1.98 percent increase was seen in sales during 2019-20, which was supported by exports. Domestic cement utilization registered a decline of 0.94 percent in the last fiscal, according to data released by the All Pakistan Cement Manufacturer Association (APCMA),
The local uptake of cement in July 2020 increased by 32.67 percent to 3.953 million tonnes from 2.979 million tonnes in July 2019 while exports registered a more impressive increase of 66.14 percent, increasing to 0.885 million tonnes from 0.533 million tonnes in the same month last year.