During the first quarter (Q1) of the financial year (FY2020-21), cement exports from the country experienced a rise of 8.27% compared to the same duration of the previous fiscal year.
According to data released by the Pakistan Bureau of Statistics (PBS), the country exported cement worth $72,296 million during FY21 from July-September against exports of $66,773 million during FY20 from July-September.
Cement exports increased 30.09% in terms of quantity, from 2,196,835 metric tons to 1,688,687 metric tons. Meanwhile, cement exports grew 23.9% year-on-year in September 2020 compared to the same month last year. Cement exports were registered at $27,788 million in September 2020, compared to $24,623 million exported in September 2019.
Similarly, on a month-on – month basis, cement exports in Sept 2020 increased by 28.75% compared to exports in August 2020 of $21,583 million. It is important to note that during the first quarter of FY21, the total merchandise trade deficit rose by 2.02% compared to the same time last year.
The July-September FY21 deficit was estimated at $5.804 billion, compared to a $5.689 billion deficit last year.
The country’s exports reported a decline of 0.94% during the period under review, from $5.510 billion last year to $5.458 billion during the current year.