Pakistan nine-month exports volumes slip

Pakistan exported 6.22Mt of cement in the first nine months of FY12-13 earning US$421.12m, compared to 6.245Mt at US$342.95m in the same period of last year. This shows that exports fell by 0.39 per cent in terms of volume but were up by 22.79 per cent in terms of dollar value, according to data released by Pakistan’s Federal Bureau of Statistics.

In terms of the Pakistan rupee, cement exports rose by 33.66 per cent to PKR40.46bn during the July-March FY2013 period. The average export price increased by 23.27 per cent to US$67.69/t compared to US$54.91/t in the same period of last year.

In March 2013 alone, Pakistan exported 544,250t of cement on revenues of US$44.4m compared to 505,875t at US$36.144m in February 2013. This represents an increase of 7.59 per cent in terms of quantity and 22.84 per cent in dollar value.

Compared to March 2012 data of 655,960t cement at?US$39.248m cement exports recorded  a fall  of 17.03  per cent in terms of quantity but value in dollar rose by 13.13 per cent  respectively on YoY basis.??The Afghanistan, which is the biggest importer of cement from Pakistan, recorded a fall of 1.46 per cent to 3.286Mt in 9MFY2013. Exports to India also recorded a fall of?32.32 per cent to 327,142t. However, exports to the rest of world showed growth of over five per cent.