Pakistan cement exports fall 16% in 1HFY18

The volume of cement exports from Pakistan fell by 16.04 per cent YoY in the first half of the current financial year (July-Dec 2017). Data released by the Federal Bureau of Statistics shows that Pakistan exported 2.35Mt of cement in the period, compared to 2.80Mt of the 1HFY17. The value of the cement exports decreased by 18.57 per cent, to US$118.5m from US$145.6m of the year-ago period. 

In December 2017 the country exported 293,522t of cement, a MoM decrease of 19.24 per cent from 363,446t. The value of this cement dropped 19.38 per cent to US$14.54m from US$18.04m reported in November 2017. The December 2017 volume results were also down from the previous year, shrinking 6.20 per cent (Dec 2016: 312,914t). Similarly, the value contracted by 11.15 per cent YoY (Dec 2016: US$16.37m). 

Exports to Afghanistan in the 1HFY18 recorded growth of 4.09 per cent to 1.20Mt. However, exports to India diminished by 15.25 per cent, to 564,841t. Elsewhere, exports to the rest of the world fell by over 41 per cent.