Pakistan Cement industry export revenue rises 9% in May

According to Pakistan's Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of US$20.78m by exporting 446,741t of cement in May 2018 compared to US$19.147m on 404,898t of cement in previous month. This represents a MoM growth of 8.6 per cent and 10.3 per cent in terms of value and quantity, respectively. When compared with the figure of May 2017 – earning US$14.863m on 283,193t of cement –  cement exports advanced YoY at 39.9 per cent and 57.8 per cent in terms of value and quantity, respectively.

On cumulative basis, export revenue between July 2017 and May 2018 stood at US$206.533m on 4.189Mt of cement against US$219.812m on 4.166Mt in corresponding 11 months of the last fiscal year. This reflects a YoY fall in value by six per cent, but a 0.6 per cent rise in volumes on a YoY basis. However, the value of cement fell from US$52.75/t to US$49.29/t during this period.