ISLAMABAD: The export of plastic material from the country witnessed an increase of 30.18 percent during the first ten months of the current fiscal year against the exports of the corresponding period of last year.
The plastic exports from the country were recorded at $ 263.655 million during July-April (2018-19) against the exports of $202.527 million during July-April (2017-18), showing growth of 30.18 percent, according to Pakistan Bureau of Statistics.
In terms of quantity, the export of the plastic witnessed an increase of 13.01 percent from 206,421 metric tons to 182,657 metric ton, according to the data.
Meanwhile, on a year-on-year basis, the plastic material exports witnessed an increase of 57.76 percent during the month of April 2019 when compared to the same month of last year. The plastic material exports in April 2019 were recorded at $ 20.593 million against the exports of $13.053 million in April 2018, the PBS data revealed.
On a month-on-month basis, the exports of plastic material, however, witnessed a decrease of 23 percent in April 2019 when compared to the exports of $26.745 million in March 2019.
It is pertinent to mention here that the country’s merchandise trade deficit plunged by 12.82 percent during the first 10 months of the current fiscal year compared to the corresponding period of last year.
The trade deficit contracted by $3.867 billion to $26.302 billion during July-April (2018-19) against the deficit of $30.169 billion recorded during July-April (2017-18).
The exports during the period under review witnessed a nominal decrease of 0.12% by falling from $19.191 billion during the last year to $19.169 billion during the ongoing fiscal year.
On the other hand, the imports declined by 7.88% to $45.471 billion during the period under review from $49.360 billion last year, the data revealed.

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