Cement export surged by 42 percent in April

The export of cement from the country soared by 42.52 percent to $19.14 million in April 2018 from $13.4 million in same month a year ago, latest data of Pakistan Bureau of Statistics (PBS) reported.

According to the data, the export of cement on monthly basis also recorded an increase of 13.4 percent as during March, 2018 the cement export was recorded at $16.88 million.

During first 10 months (July-April) of fiscal year 2017-18, the cement export witnessed a declining trend of 9.37 percent as compared to same period of previous fiscal year.

During the period under review, 3.7million metric tons of cement valuing $185.7 million was exported as compared to the export of 3.88 MT cement worth of $204.95 million during July-April 2016-17.

Meanwhile, the export of molasses surged by 215 percent during first 10 months of current fiscal year to $16.84 million in July-April (2017-18) from $5.33 million in same period of the preceding year.

On yearly and monthly basis, the molasses export in April 2018, also witnessed a sharp increase of 125 percent and 1957 percent in April 2017 and March 2018 respectively.

The molasses export increased from $1.38 million in April 2017, and $0.152 million in March 2018 to $3.128 million in April 2018.

The export of guar and guar products also increased by 26.76 percent as it rose to $30.06 million in July-April 2017-18 from $23.7 million in same period of previous fiscal year.

On yearly basis, the export of guar and guar products in April, 2018 recorded an increase of 2.03 percent as compared to the export worth of $3.6 million in April 2017.

While on month-on-month basis, the export witnessed a decrease of 3.8 per cent as it went down to $3.7 million in April 2018 from $3.8 million in March 2018. 

The overall merchandise exports of the country during first 10 months of current fiscal year recorded an increase of 13.65 per cent as compared to the exports during July-April 2016-17.

The exports increased to $19.2 billion in July-April (2017-18) as compared to exports worth of $16.9 billion in same period of fiscal year 2016-17.

APP