Daily Times

The plastic material exports witnessed an increase of 32.76pc during the twelve months of fiscal year 2021-22 as compare to the corresponding of period of last year.

Pakistan exported plastic material worth $428.424m during July-June (2021-22) as against the export of $322.709m during July-June (2020-21), showing growth of 32.76pc, according to Pakistan Bureau of Statistics (PBS). In term of quantity, the plastic export however decreased by 16.89pc, from 299,104 metric tons to 248,581 metric tons, the data revealed.

Meanwhile, on year-on-year basis, the export of plastic material also dipped by 17.24pc during the month of June 2022 as compared to the same month of last year. The plastic material exports in June 2022 were recorded at the US $42.781m against the export of $51.695m in June 2021, the PBS data revealed. On month-on-month basis, the exports of plastic decline by 9.08pc in June 2022 as compared to $47.056m in May 2022. It is pertinent to mention here that the country’s total merchandise exports increased by 25.64pc during the fiscal year under review. The merchandize exports during July-June (2021-22) were recorded at $31.792b as compared to the exports of $25.304b during July- June (2020-21), the PBS reported. On the other hand, the merchandize imports went up by 42.21pc from $56.380b last year to $80.177b during the period under review.