Cement exports jump 8.27 percent

ISLAMABAD: The sales of cement have increased by 8.27 percent during the first quarter of the financial year (2020-21) as compared to the same period of 2019.

According to data released Pakistan Bureau of Statistics (PBS), the country exported cement worth US $72.296 million during July-September (2020-21) as against the exports of US $66.773 million during July-September (2019-20), showing a growth of 8.27 percent.

The exports of cement increased by 30.09 percent by going up from 2,196,835 metric tons to 1,688,687 metric tons, in terms of quantity.

On a year-to-year basis, the PBS data revealed the exports of cement grew by 23.85 percent during the month of September 2020 as compared to the same month of 2019.

The exports of cement from the country during September 2020 were recorded at $27.788 million against the exports of $24.623 million in September 2019.

The PBS data further revealed on a month-on-month basis, the exports of cement also rose by 28.75 percent during September 2020 as compared to the exports of $21.583 million in August 2020.

It is worth mentioning here that the overall merchandise trade deficit increased by 2.02 percent during the first quarter of the current fiscal year (2020-21) as compared to the deficit of the corresponding period of last year.

The deficit during July-September (2020-21) was recorded at $5.804 billion as compared to the deficit of $5.689 billion, showing an increase of 2.02 percent.

During the period under review, the country’s exports registered a negative growth of 0.94 percent, by going down from $5.510 billion last year to $5.458 billion during the current year.

 

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