The EXIM data for the month of Jul’23 has been a mixed bag. Tile exports stood at 55.6 MSM growing substantially by 41.5% YoY / 52.5% MoM with GCC countries (~17%), Iraq (~7%) and USA (~6%) being the top export destinations. Tile exports remain robust due to lower freight rates and a significant decline in gas costs. As per industry participants, tile exports are expected to remain healthy in the near term too.