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Mettis Global News
Mettis Global News

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Transport group sees a decent growth in exports during January

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February 18, 2020 (MLN): The overall exports within the transport group, during the month of January 2020, stood at nearly $116.4 million, i.e. around 26.81 percent higher as compared to previous month and 48.11 percent lower as compared to same period of last year.

Within this segment, Road Motor Vehicle recorded the highest level of export at $101.8 million, followed by CKD/SKD at $57 million, and CBUs at $20.6 million.

The CBUs comprised of Buses & trucks, Motors cars and Motor cycles, all of which recorded exports of $8.6 million, $11.9 million and $65 thousand respectively.

Despite grabbing the third spot in terms of highest exports, the CBUs recorded the largest decline of 54.15 percent as compared to the same period of last year. However, it depicted a massive increase of 114.8% over the previous month.

On the other hand, the overall transport exports during the first six months of current Fiscal Year stood at $953.4 million, showing a decline of 44.9 percent as compared to same period of previous year.

During this period as well, the CBUs reported the highest decline in exports at 71.3%, down from $1.7 billion in last fiscal year to $953 million this year.

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Posted on: 2020-02-18T11:25:00+05:00