Business

Pakistan textile exports witness considerable rise during 8 months

Pakistan textile exports witness considerable rise during 8 months

Pakistan textile exports witness considerable rise during 8 months while reaching to $9.999 billion with 6.69pc increase.

According to the latest data of Pakistan Bureau of Statistics (PBS), exports of textile commodities witnessed an increase of 6.69 percent.

Pakistan textile exports witness considerable rise during 8 months

The PBC noted this rise during the first eight months of the current fiscal year as compared to the corresponding period of last year.

The textile exports were recorded at $9,999.770 million in July-February (2020-21) against the exports of $9,372.819 million in July-January (2019-20), showing growth of 6.69 percent.

The textile commodities that contributed in trade growth included knitwear, exports of which increased from $2090.039 million last year to $2467.006 million during the current year, showing growth of 18.04 percent.

Likewise, the exports of yarn (other than cotton yarn) increased by 7.70 percent.

It went up from $18.879 million to $20.333 million.

Moreover, exports of bed wear increased by 13.71 percent from $1597.868 million to $1816.882 million.

The exports of towels increased by 16.31 percent, from $525.048 million to $610.684 million.

Exports of tents, canvas and tarpulin grew by 33.27 percent, from $61.704 million to $82.230 million.

Ready made garments by 2.56 percent, from $1961.293 million to $2011.505 million.

Made-up articles, excluding towels and beadwear by 15.14 percent, from $439.460 million to $505.986 million.

Negative trends

Meanwhile, the commodities that witnessed negative growth in trade included raw cotton.

Exports of Cotton decreased by 96.47 percent, from $16.797 million to $0.593 million.

Besides, cotton yarn decreased by 17.73 percent, from $737.417 million to $606.685 million.

The exports of cotton cloth also decreased by 10.37 percent, from $1378.220 million to $1235.298 million.

On year-on-year basis, the textile exports decreased by 3.12 percent during the month of February 2021 as compared to the same month of last year.

The exports during February 2021 recorded at $1234.031 million against the exports of $1273.745 million.

On month-on-month basis, the exports from the country witnessed decrease of 6.75 percent during February 2021.

PBS data compared this to the exports of $1323.324 million in January 2021.

GTV

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