Pakistan garment exports surge 3.76% in July – August 2016

Pakistan RMG exports surged 3.76% during the first two months of the current fiscal year. During the same period, about 5,109, 000 dozen readymade garments worth of $ 364.072 million were exported, as compared to the exports of 4,944, 000 dozen worth of $350.867 million of same period of last year.

According to reports, bed wear exports rose by 5.28 percent, as about 58,365 metric tons of bed wear worth $355.799 million exported during the same period.

The exports of bed wear were recorded at 52,151 metric tons with a total cost of $337.955 million in July-August, 2015-16.

Meanwhile, the exports of tents, canvas and tarpaulin increased by 82.55 percent, as 5,226 metric tons of the above mentioned commodities worth $16.807 million were exported, as compared to the exports of 3,651 metric tonnes worth of $9.207 million of same period of last year, it said.

The made-up particles’ exports also witnessed 11.83 percent increase, as these articles worth of $102.44 million were exported, as it was recorded at $91.61 million in same period of last financial year, the data added. According to the PBS data, during the period under review, other textile material exports posted 9.35 percent and textile materials worth of $69.288 million were exported, as compared to the exports of $63.361 million of same period of last year.

It may be recalled that textile group exports reduced by 2.64 percent in first two months of current fiscal year and was recorded at $2.71 billion, as compared to the exports of $2.127 billion of same period of last year. The exports of raw cotton, cotton yarn and cotton cloth were decreased by 55.67 percent, 16.64 percent and 4.12 percent respectively. However, the exports of cotton carded or combed registered 537.04 percent increase in first two months of current financial year.