Pakistan’s cement exports decline 8.6% YoY in December
The country had exported cement worth $72.296 million in 1QFY21 against the exports of $66.773 million in 1QFY20.
The export of cement declined 8.58% year-on-year (YoY) to $19.253 million in December 2020, compared to $21 million in December 2019.
The Pakistan Bureau of Statistics (PBS) attributed this decline to the closure of ports, lower trade activity on the Pak-Afghan border, and lower demand from international buyers due to the Covid-19 pandemic.
However, on a month-on-month (MoM) basis, cement exports rose 6.2% compared with exports worth $18.129 million in November 2020.
In terms of quantity, cement exports increased 19% MoM and 7.52% YoY to 593,215 metric tonnes, from 498,091 metric tonnes in the previous month and 551,729 metric tonnes in December 2019.
On a cumulative basis, cement exports during the first half (July-December) of FY2020-21 declined marginally by 1.61% YoY, from $145.26 million in December 2019 to $142.927 million.
It is pertinent to note that the export of cement had witnessed an increase of 8.27% during the first quarter (July-September) of the current financial year compared to the last fiscal year’s corresponding period.
The country had exported cement worth $72.296 million in 1QFY21 against the exports of $66.773 million in 1QFY20.
In terms of quantity, cement exports had increased by 30.09% in the first quarter, from 2,196,835 metric tonnes in 1QFY20 to 1,688,687 metric tonnes.
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