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Clothing exports hit exponential growth in March
May '11
Riding on the back of a slowdown in the yarn market, value-added textile exports for March soared to record 74 percent of exports from the textile sector from past average of 56 to 60 percent.

Basic textiles including fabric and all kind of yarns contributed $250 million to country's overall textile export worth $1.249 million for March, while value added textile exports stood at $988 million.

While the apparel industry managed to convince the overseas buyers to pay higher prices, the drop in yarn prices came as additional relief for the sector.

Apparel orders are booked three months in advance at the then prevalent prices and hence this drop in yarn prices would help the value-added industry to recoup the losses incurred during vertical rise in yarn prices, last year.

Knitwear exports soared by 81.1 percent during the review period, while in terms of quantity it soared by 70.2 percent from 9.16 million dozen in March 2010 to 15.69 million dozen in March 2011.

Meanwhile, bedwear exports rose by 66.3 percent from $143.913 million in March 2010 to $239.295 million in March 2011.

Towel exports registered a rise of 101.6 percent and grew from $58.868 million to $118.693 million. While speaking in terms of quantity, they increased by 95.1 percent from 15.97 million kg to 31.16 million kg.

Further, readymade garment exports also grew by 73.1 percent from $106.816 million to $184.935 million, in terms of value and by 70.9 percent from 2.07 million dozen to .54 million dozen in terms of volume, during the review period.

Textile made-up exports also soared by 105.6 percent.

Editor's note – It is to the credit of the value-added textile exporters that shipments of apparels, towels, knitwear, etc soared in March, despite the turmoil's like gas and electricity shortages, high yarn prices and political instability. It looks like the whole Pakistani textile sector will register record growth in the fiscal year ending in June 2011.

Fibre2fashion News Desk - India

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