Business

Over 11pc increase in leather products export during five months of this FY

Over 11pc increase

Over 11pc increase in leather products export during five months of this fiscal year. Leather Manufactures exports from the country during first five month of current financial year grew by 11.21%.

As compared the exports of the corresponding period of last year, exports leather products posted this rise.

Over 11pc increase

During the period from July-November 2019, Leather Manufactures worth $227,428 million exported as compared to $204,494 million last year.

According the data of Pakistan Bureau of Statistics, the exports of Leather Garments increased by 13.34%.

About 488 TH.DOZ of Leather Garments valuing $125,714 million exported as compared to the 405 TH.DOZ worth $110,917 million last year.

Meanwhile, 2,469 TH.DOZ of Leather Gloves worth $96,900 million also exported in first quarter of current financial year. Exports of 2,349 TH.DOZ valuing $88,904 million during same period of last year.

During the period under review, Other Leather Manufactures exports of the country also recorded positive growth of 3.02%.

Other Leather Manufactures worth $4,814 million was exported as compared to the exports of $4,673 million of same period of last year.

However, over 11 percent increase in exports remain a good news for the leather industry and the specially the exporters.

The leather industry of Pakistan is the second biggest export-oriented industry in the manufacturing sector and is third in its contribution towards the overall exports of Pakistan.The leather industry’s core products in Pakistan are leather jackets, leather gloves, leather bags, leather garments, tanned leather and footwear.

 

GTV

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