Cement exports rise by 33pc in first 3 quarter

ISLAMABAD: The exports of cement from the country witnessed an increase of 32.81 percent during the first three quarter of the current fiscal year against the export of the corresponding period of last year.

The cement export from the country were recorded at $ 221,258 million during July-March (2018-19) against the export of $166,597 million during July-March (2017-18), showing  positive growth of 32.81 percent , according to the latest data of Pakistan Bureau of Statistics (PBS).

In terms of quantity, the export of the cement also witnessed an increase of 55.44 percent by going up from 3,338,065 metric tons to 5,188,661 metric tons, according to the data.

Meanwhile, on-year-on-year basis, the cement export witnessed decrease of 8.83 percent during the month of March 2019 when compared to the same month of last year. The cement exports from the country during March 2019 were recorded at $ 15.392 million against the export of $ 16.882 million in March 2018.

On the other hand, on month-on-month basis, the cement export witnessed negative growth of 1.29 percent when compared to the export of $ 21.519 million in February 2019.

It is pertinent to mention here that country's merchandise trade deficit plunged by 13.02 percent during July-March (2018-19) as the deficit contracted by over

US $ 3.544 billion to US $ 23.672 billion in the period under review against the deficit of US $ 27.216 billion recorded during same period of the previous year.

The exports during the period under review witnessed an increase of 0.11% to US $ 17.08 billion from US $ 17.064 billion during July-March (2017-18).

On the other hand, the imports declined by 7.96% to US $ 40.755 billion from US $ 44.281 billion recorded during first nine months of current fiscal year.