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Pakistan textile and clothing export witnessed downward trend in Feb 2015

YarnsandFibers News Bureau 2015-03-22 10:00:00 – Islamabad

Pakistan textile and clothing exports during July-February had witnessed a nominal increase of just 0.47 percent as proceeds reached $9.179bn as compared to $9.136bn a year ago. But in February 2015 it has plunge to $1.087 billion compared to $1.119bn a year ago, a decline of 2.91 per cent, as per Pakistan Bureau of Statistics data on Friday.

Product-wise details show that export of low value-added products, such as cotton yarn, dropped by 0.69pc; cotton cloth 15.47pc; cotton carded 89.25pc; yarn other than cotton yarn 30.88pc and art silk 23.21pc.

However, exports of textile made-ups, excluding towels, increased by 1.54pc; other textile material rose 10.07pc while raw cotton export witnessed a decline of 25.58pc in February 2015 from a year ago.

Exports of value-added products witnessed an increase during the month. Exports of knitwear witnessed a growth of 3.57pc and ready-made garments of 20.22pc. Exports of bedwear and towels declined 4.82pc and 8.34pc, respectively.

In fact, Pakistan’s total exports witnessed a decline of 4.96pc to $16.005bn in July-February 2015 as against $16.840bn in the same period last year.

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