Pakistan exports record buoyant growth in 5MFY2010

Exports from Pakistan during July-November 2019 witnessed a growth of 4.8 per cent against the same period of 2018, said Pakistan Bureau of Statistic (PBS). The data is yet to give breakdown of exports, but it is believed that export of cement has also increased during this period.

According to PBS, during July-November 2019 the country exported various goods and services worth US $9.545bn against July-October 2018’s exports of US$9.109bn, reflecting an increase of 4.9 per cent in the country’s exports.

The country’s imports over the period witnessed a decline of 18.4 per cent from U$23.55bn during July-November 2018 to US$19.213bn in July-November 2019, while the country’s trade deficit over the period witnessed a decline of 33 per cent from US$14.44bn in July-November 2018 to US$9.67bn in July-November 2019.

Earlier, All Pakistan Cement Manufacturers Association shared dispatches data, which indicates that the domestic cement dispatches in the first five months of this fiscal reached 16.854Mt posting a positive growth of 2.9 per cent, while exports reached 3.608Mt depicting a growth of 21.5 per cent. Overall cement dispatches grew by 5.8 per cent to 20.462Mt.