ISLAMABAD: The exports of plastic materials from the country witnessed decreased of 5.53 percent during the eleven months of financial year (2019-20) as compared to the corresponding period of last year.
Pakistan exported plastic worth $274.198 million during July-May (2019-20) compared to the exports of $290.240 million during July- may (2018-19), showing a decline of 5.53 percent, according to the Pakistan Bureau of Statistics (PBS).
In terms of quantity, the exports of plastic witnessed an increase of 16.03 percent as the country exported 264,380 metric ton of plastic during the period under review as compared to the exports of 227,855 metric ton during last fiscal year.
It is pertinent to mention here that the country’s trade deficit witnessed significant reduction in eleven months of current financial year and declined by 27.75% as compared to the corresponding period of last year.
Based on the figures, the trade deficit during the period under review was recorded at $21.065 billion against the deficit of $29.154 during last year, showing decline of 27.75 percent.