Cement exports from Pakistan declined by -22.1% in the first 6 month of FY 2023. Accordingly, if the trend continues, the cement exports will decline to about 4.1 Mta by the end of the FY 2023. However, the OneStone data are more optimistic with an annual decline of -13.1% in the cement net trade. This will lead to a cement net trade volume of 4.566 Mta by the end of the FY 2023.