Cutlery exports increase by 38.73% in 10 months

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Islamabad

The exports of cutlery witnessed an increase of 38.73 percent during the first ten months of financial year 2020-21 as compared to the corresponding period of last year.

The country exported cutlery worth US $99.778 million during July-April (2020-21) against the exports of US $71.923 million during July-April (2019-20), showing growth of 38.73 percent, according to the Pakistan Bureau of Statistics (PBS).

Meanwhile, on year-on-year basis, the cutlery exports also rose by 289.63 percent during the month of April 2021 as compared to the same month of last year.

The cutlery exports in April 2021 were recorded at $8.381 million against the exports of $2.151 million in April 2020, the PBS data revealed.

On month-on-month basis the export of cutlery however witnessed decline of 19.43 percent in April 2021 as compared to the exports of $10.402 million in March 2021.—APP