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

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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