Cement exports decline by 29.17%

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Lahore: The cement exports have registered a huge decline of 29.17% annually in June 2019 to $11.56 million against the exports of $16.32 million of June 2018. According to the to the latest data of Pakistan Bureau of Statistics (PBS), on monthly basis, the exports of cement also reported a drop of 32.22% in June 2019 compared to the exports of $17.050 million in May 2019. Industry experts said that the exports of cement, after showing a positive growth, have started turning down for the last couple of months, as it had reported a decline of almost 18 percent annually in May 2019 to record at $17.05 million compared to the exports of $20.78 million in May 2018. The cement exports from the country had recorded at $ 243.118 million during July-April (2018-19) against the exports of $ 185.741 million during July-April (2017-18). However, in terms of quantity, the export of the cement witnessed an increase of 40.41 percent from 4,562,634 metric tons to 6,406,418 metric ton.Online