Islamabad May 25 2024: The exports of cement from Pakistan witnessed an increase of 35.92 per cent during the first ten months of the financial year 2023-24, as against the exports of the corresponding months of last year.
The cement exports from the country were recorded at USD 204.546 million during July-April (2023-24) against the exports of USD 150.488 million during July-April (2022-23), according to the Pakistan Bureau of Statistics (PBS).
Pakistani producers suffer from overcapacity, but have established themselves as an important force in the global export market. They continue to locate new markets, including the UK in January 2024. Lucky Cement was among leading exporters overall, with a large share of its orders originating from Africa.
Global Cement states
In terms of quantity, the exports of cement also surged by 63.51 per cent going up from 3,242,161 metric tons to 5,301,161 metric tons, according to the data.
Meanwhile, year-on-year basis, the exports of cement also witnessed an increase of 66.61 per cent during the month of April 2024 as compared to the same month of last year.
The exports of cement from the country during April 2024 were recorded at USD 25.074 million against the exports of USD 15.049 million in April 2023.
On a month-on-month basis, exports of cement increased by 61.02 per cent during April 2024 when compared to the exports of USD 15.572 million in March 2024, the PBS data revealed.
