Exports of Pharma products upsurge by 38% MoM

MG News | August 18, 2020 at 05:55 PM GMT+05:00

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August 18, 2020 (MLN): The exports of Chemical and Pharmaceutical Products witnessed a jump of 5% MoM and a decline of 15% YoY to value at $12.5 million during the month of July 2020.

The Chemical and Pharma products exported from Pakistan mainly include Plastic Materials, Pharmaceutical products and other Chemicals.

According to the latest data issued by Pakistan Bureau of Statistics (PBS), the major chunk of exports under Chemical and Pharma sector during the month was mainly from the Pharmaceutical Products which contributed a total of 32.68% of the entire group exports. Total Pharmaceutical Products exported during the month under review clocked in at $4 million, showing an increase of 20% YoY and 38% MoM.

The second major component of exports under the Chemical and Pharma Group was Plastic Material which contributed a total of 25.18% of the entire group earnings. Total Plastic Material exported during the month recorded at $3.15 million, marking a decline of 34.8% YoY and 13.2% MoM.

Furthermore, Other Chemicals which constituted around 40% of the entire group’s exports, during the month of July 2020 stood at $5.27 million, showing a decrease of 19.38% YoY and 1% MoM.

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