Home / Knowledge / News / Textiles / Textile exports plummet in July over June
Textile exports plummet in July over June
24
Aug '11
Pakistan's textile exports have plummeted to US$ 1.121 billion in July from previous month's US$ 1.323 billion, showing a month-on-month fall of 15.26 percent, the data released by the Federal Bureau of Statistics (FBS) showed.

According to experts, such a drop in textile exports is mainly attributable to sluggish demand due to apprehensions of global economic slump.

During the recently concluded fiscal 2010-11, the country's textile exports jumped to a historic high of US$ 13.8 billion as against previous fiscal's exports worth US$ 10.2 billion, thus growing by over 35 percent.

This rise in export revenues was not due to rise in export volumes, but was because of rise in price of textiles. The price of almost all textile items witnessed a rise in their unit prices during the last fiscal.

In fact, the rise in textile export revenues had direct correlation with surge in the prices of raw cotton in world market during the last fiscal.

The State Bank of Pakistan (SBP), in its quarterly review on Pakistan economy, has voiced its apprehensions that the country's textile exports may not perform as well this year as it did in fiscal 2010-11.

Compared to June, exports of all textile category items, excluding raw cotton, witnessed a fall in July. Raw cotton exports grew by 17.38 percent from US$ 9.815 million in June to US$ 11.521 million in July.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X