Pakistan registered towels exports worth $396.196m in six months

Pakistan exported about 87,413 metric tons of towel worth US$396.196 million during first half of current financial year from July-December, 2015 registering an increase of 4.56 percent as compared to towel export of 81,112 metric tons, worth US$ 380.823 million exported during the corresponding period of last financial year, said figures of Pakistan Bureau of Statistics.

Meanwhile, exports of readymade garments grew by 3.85 percent as compared to the corresponding period of last year, the data revealed. In first six-months readymade garments worth $1.006 billion exported as compared the exports of $1.004 billion of same period of last year.

During the period under review, about 15,027 thousand dozen of readymade garments were exported as compared to 15,094 thousand dozen exported during same period of last financial year, said the data of Pakistan Bureau of Statistics.

On month-on-month basis, the textile group exports increased by 8.2 percent to $1.04 billion in December as compared to the pervious month’s (November, 2016) exports of $961.455 million.

Other textile material exports witnessed 0.73 percent growth in first two-quarters of current financial year as textile material worth of $233.285 million exported as compared to $231.885 million of same period of last financial year.

The data revealed that textile group exports dropped by 8.93 percent to $6.269 billion in first half of current fiscal year as compared to the exports of $6.884 billion in same period of last year.

However, the textile group items that recorded negative growth in their exports during first half of current financial year, includes cotton yarn by 29.66 percent, cotton cloth exports by 10.24 percent and knitwear 3.05 percent .