Pakistan's cement export value rises 31%

Pakistan’s cement export revenue for the first 10 months of the current fiscal observed a YoY growth of 30.9 per cent and 52.3 per cent in terms of dollar value and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The country’s cement industry earned foreign exchange revenues of US$243.11m by exporting 5.71Mt of cement and clinker during the 10MFY18-19, compared to US$185.74m at 3.74Mt in the same period last year.

In terms of export value in Pakistani rupee, exports advanced 60.7 per cent during this period to PKR32.27bn. However, the value in US dollars fell 14.3 per cent from US$49.62/t to US$42.53/t.

In April 2019 the country's cement industry earned foreign exchange revenues of US$21.86m by exporting 526,290t, compared to US$15.39m at 350,179t in the previous month and US$19.14m from 404,898t during April 2018. On a MoM basis this shows an increase of 42 per cent and 50.3 per cent in terms of value and volume, respectively, alongside a further 14.9 per cent and 30 per cent rise in YoY terms.