The exports of cement from the country witnessed an increase of 32.81 percent during the first three quarters of the current fiscal year against the corresponding period of last year.
The cement exports 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 a positive growth of 32.81 percent, according to the latest data from Pakistan Bureau of Statistics (PBS).
In terms of quantity, the export of cement also witnessed an increase of 55.44 percent by going up from 5,188,661 metric ton to 3,338,065 metric ton, according to the data.
Meanwhile, on a year-on-year basis, the cement export witnessed a decrease of 8.83 percent during the month of March 2019 when compared to the same month last year. The cement exports from the country during March 2019 were recorded at $15.392 million against $16.882 million in March 2018.
Similarly, on a month-on-month basis, the cement exports witnessed a negative growth of 1.29 percent when compared to the exports 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 the same period of the previous year.
The exports during the period under review witnessed an increase of 0.11% to $17.08 billion from $17.064 billion during July-March (2017-18).
On the other hand, the imports declined by 7.96% to $40.755 billion from $44.281 billion during the first nine months of the current fiscal year.