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Textile exports surge on rising demand in FY'11
Jul '11
The increasing demand for low value-added items and the rise in cotton prices in global markets have resulted in Pakistan's textile exports to grow by a huge 35.06 percent to US$ 13.805 billion during fiscal 2010-11 that concluded on June 30, as against $10.221 billion in the same period during 2009-10, as per the data released by the Federal Bureau of Statistics.

The data showed that the exports of raw cotton increased by 83.95 percent during the July-June period of 2010-11 over the corresponding period of 2009-10. According to the figures, exports of cotton yarn rose 52.50 percent, while cotton cloth saw a rise of 42.30 percent, during the same period.

The figures for other textile items during the period were – 50.42 percent for art, silk and synthetic textiles, 50.01 percent for cotton carded, 48.56 percent for yarn, 39.73 percent for readymade garments, 30.93 percent for knitwear, 19.56 percent for bed wear, 16.64 percent for made-up articles, and 14.45 percent for towels.

Exports of other textile items also saw a rise of 36.37 percent during financial year 2010-11 compared to 2009-10. Similarly, leather exports went up by 35.24 percent while sports goods exports increased by 8.34 percent.

While almost entire textile value-chain registered a growth in exports, canvas, tents and tarpaulin showed a negative growth of 20.74 percent during the fiscal 2010-11. Exports of mats, carpets and rugs also registered a negative growth of 3.30 percent.

The substantial contribution of the textile sector in exports growth has led the country's total exports to achieve a record level of US$ 24.827 billion during the 2010-11 financial year.

Fibre2fashion News Desk - India

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