Plastic imports grow 3.7pc YoY in July-Aug

ISLAMABAD: The imports of plastic materials into the country has witnessed an increase of 3.78 per cent during the first two months of the current financial year (FY) 2020-21, as compared to the imports of last year.

Pakistan imported plastic materials of worth $330.486 million during July-August FY2020-21 as compared to the imports of $318.449 million during July-August FY2019-20, showing a growth of 3.78pc, according to the Pakistan Bureau of Statistics (PBS).

In terms of quantity, Pakistan imported 317,873 metric tonnes of plastic materials during the period under review as compared to the imports of 237,454 metric tonnes during the corresponding period of last year, showing an increase of 33. 87pc in term of quantity.

On a YoY basis, the import of plastic materials, however, witnessed a decrease of 3.54pc in August, as compared to the imports of the same month of last year; imports during August 2020 were recorded at $154.687 million against the imports of $160.360 million in August 2019.

On a MoM basis, imports also decreased by 12.01pc during August 2020 as compared to the imports of $175.799m in July 2020, PBS data revealed.

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