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Pakistan's textile exports grow 5.3% in May'13
21
Jun '13
Riding on the back of marginal rise in demand from the US and European markets, textile and clothing exports from Pakistan grew by 5.3 percent to US$ 1.187 million in May this year, as compared to US$ 1.128 million in May 2012, statistics released by the Pakistan Bureau of Statistics (PBS) show.
 
The items that positively contributed to the export growth during the period include, cotton yarn whose exports grew by 11.89 percent year-on-year, cotton cloth by 5.8 percent, cotton carded or combed by 177.27 percent, yarn other than cotton yarn by 46.44 percent, knitwear by 2.07 percent, bedwear by 14.04 percent, towels by 7.95 percent, readymade garments by 22.67 percent and other textile material by 6.48 percent.
 
On the negative side, raw cotton exports plummeted by 66.35 percent year-on-year, art, silk and synthetic textile by 30.29 percent and made-up articles excluding towels and bedwear by 0.43 percent.
 
During the first 11 months of the ongoing fiscal year that began on July 1, 2012, Pakistan exported US$ 11.93 billion worth of clothing and textile items, which is 6 percent higher than exports worth US$ 11.26 billion achieved during corresponding period of previous fiscal, the data shows.
 
According to the data, cotton yarn exports surged by 24.86 percent year-on-year during the 11-month period, cotton cloth by 10.72 percent, readymade garments by 12.58 percent, yarn other than cotton yarn by 14.87 percent, knitwear by 2.41 percent, bedwear by 2.14 percent, towels by 15.52 percent and other textile materials by 27.50 percent.
 
However, exports of raw cotton plummeted by 68.05 percent year-on-year during July-May 2012-13, cotton carded or combed by 48.31 percent and art, silk and synthetic textiles by 27.10 percent.
 
According to experts, the improved power supply allowed yarn and fabric producers to fully utilize their production capacities, resulting in enhanced export of several items, including towels and bedwear.
 

Fibre2fashion News Desk - India


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