Pakistan witnessed 1pc increase in textile exports in 7 months of current FY

Pakistan textile exports have increased by one percent during the first seven months of current fiscal year against the exports of same period of last year. The textile products that witnessed increase in trade included yarn other than cotton yarn export of which increased by 24.86 percent, by going up from $20.987 million this year.

Exports of knitwear also increased by 10.19 percent from $1.306 billion last year to $1.44 billion this year, while exports of bed wear increased by 0.08 percent from $1.254 billion to $1.255 billion.

According to Pakistan Bureau of Statistics (PBS) data, towels during the period under review increased from $428.687 million during last year by 4.81 percent to $449.287 million this year.

The exports of tents, canvas and tarpaulin also surged by 101.71 percent from $46.386 million during July-January 2013-14 to $93.565 million during July-January 2014-15, whereas the exports of ready-made garments increased by 10.53 percent from $1.097 billion to $1.212 billion.

Similarly, the exports of art, silk and synthetic textile increased from $209.388 million last year by 3.9 percent to $217.564 million this year.
Made-up articles’ exports also increased by 2.41 percent from $372.394 million last year to $381.385 million this year while the exports of other textile materials increased by 11.25 percent from $256.89 million last year to $285.779 million this year.

The overall textile exports during July-January (2014-15) were recorded at $8.096 billion against the exports of $8.016 billion during July-January (2013-14).

The products that witnessed negative growth in exports included raw cotton exports of which declined by 13.92 percent, from $154.052 million to $132.615 million. The exports of cotton yarn decreased from $1.224 billion to $ 1.154 billion, showing a decrease of 5.71 percent while exports of cotton cloth decreased from $1.639 billion to $1.444 billion, showing decrease of 11.87 percent.

Exports of cotton carded or combed also decreased from $5.884 million last year to $2.753 million this year, showing negative growth of 53.21 percent.

Meanwhile on year-on-year basis, textile exports during January 2015 increased by 10.26 percent and 2.72 percent when compared to the exports of January 2014 and December 2013 respectively.