Pakistan sees 31% YoY rise in exports in October 2017

Pakistan sees 31% YoY rise in exports in October 2017
24 November 2017

The export revenue of the cement industry in Pakistan fell 18.57 per cent YoY throughout the July-October 2017 period, to PKR9.05bn (US$85.97m) from PKR11.12bn. The volume of cement exported also decreased by 16.6 per cent in the same period, to 1.7Mt from 2.03Mt of the year-ago period.

Exports to Afghanistan recorded an increase of 15.41 per cent YoY  to 885,967t. However, exports to India saw a drop of 22.9 per cent YoY to 377,761t for the four-month period. Likewise, cement exports to the rest of the world deteriorated by 42 per cent YoY through July-October 2017.

In October 2017 alone, Pakistan reported revenue growth from cement exports of 31.3 per cent to PKR2.45bn from PKR1.87bn of the previous month. Similarly, the volume rose by 34.1 per cent MoM to 472,291t from 352,126t.

However, when compared to the data of the previous year, the revenue of October 2017 decreased by 17.7 per cent (October 2016: PKR2.98bn). The volume of cement exported fell by 13.2 per cent YoY (October 2016: 544,131t).

Published under Cement News

Tagged Under: Afghanistan India Exports Pakistan