Pakistan cement exports shrink in July and August 2019

Pakistan's cement industry earned foreign exchange revenue of US$16.74m by exporting 391,548t of cement in August 2019, compared to US$25.4m from exporting 593,525t of cement in previous month, says the country's Federal Bureau of Statistics. This converted to a fall of 34.1 per cent and 34 per cent in terms of value and quantity, respectively MoM.
 
When compared with the figure of August 2018, earnings of US$27.6m from 627,405t of cement – it translates to a YoY fall of 39.3 per cent in foreign currency earnings and 37.6 per cent in quantity.
 
On a cumulative basis, export revenue during July-August 2019 plunged by 13.2 per cent to US$42.15m with exports of 985,076t of cement and US$48.53m from exports of 1.1Mt in July-August 2018. However, the growth in Pakistan rupees rose by 11 per cent to PKR6.68bn during this period.