Despite a decrease in May 2019, the cement sector witnessed a 26% increase in exports during the first eleven months of the ongoing fiscal year, compared to the corresponding period of last year.
Meanwhile, on a year-on-year basis, cement exports witnessed a decrease of 17.97 percent during the month of May 2019 when compared to the same month of last year. The cement exports in May 2019 were recorded at $17.050 million against the exports of $20.785 million in May 2018.
According to the latest data of Pakistan Bureau of Statistics (PBS), on a monthly basis, the export of cement decreased by 22.01 percent during May 2019, when compared to $21.861 million during April 2018.
Cement exports from the country were recorded at $260.169 million during July-May (2018-19) against exports of $206.526 million during July-May (2017-18), showing positive growth of 25.97 percent, according to the latest data of Pakistan Bureau of Statistics (PBS).
In terms of quantity, cement export witnessed an increase of 46.18 percent, going up from 6,127,835 metric tons to 4,192,060 metric tons.
It is pertinent to mention here that the country’s merchandise trade deficit plunged by 13.62 percent during the first eleven months of the current fiscal year compared to the corresponding period of last year.
However, the All Pakistan Cement Manufacturers Association (APCMA) has stopped updating its website since March (along with the monthly dispatch numbers—which allowed stakeholders in the market to keep abreast of the sector’s performance).