Cement exports surge by over 130% to $39.6 million

Cement exports

ISLAMABAD, Sep 25 (APP): The cement exports from Pakistan surged by 130.24 percent during the first two months of the current fiscal year as compared to the exports of the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.

Pakistan earned $39.641 million by exporting cement during July-August (2023-24) as compared to eh exports of $17.217 million during July-August (2022-23), a growth of over 130 percent, according to latest PBS data.

On year-on-year basis, the cement exports from the country witnessed an increase of 102.74 percent during August 2023 as compared to the same month of last year. The cement exports in August 2023 were recorded at $23.496 million against the exports of $11.589 million in August 2022.

On month-on-month basis, the cement exports from the country witnessed an increase of 45.53 percent during August 2023 when compared to the exports of $16.145 million in July 2023, PBS reported.

It is pertinent to mention here that country’s overall trade deficit contracted by 40.29 percent during the first two months of the current fiscal year compared to the corresponding period of last year.

The Trade deficit during July-August (2023-24) was recorded at $3.763 billion as against the deficit of $6.302 billion in July–August (2022-23), showing negative growth of 40.29 percent.

During the period under review, the exports declined by 6.38 percent to $4.431 billion compared to the exports of $4.733 billion during the corresponding period of last year.

On the other hand, the imports narrowed by 25.75 percent and were recorded at $8.194 billion compared to $11.035 billion last year, according to PBS data.

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