Pakistan's textile exports grow 3.42% in August'13

21 Sep '13

2 min read

In August 2013, Pakistan exported textiles and apparel worth US$ 1.095 billion, registering a rise of 3.42 percent over exports of US$ 1.059 billion made during the corresponding month of last year, figures released by the Pakistan Bureau of Statistics showed.

During the month, raw cotton exports grew substantially by 504.25 percent year-on-year.

The other items that showed positive growth in exports during the month were cotton yarn, which rose by 18.12 percent year-on-year to US$ 188.21 million; yarn other than cotton yarn increased by 8.92 percent y-o-y to US$ 4.799 million; made-up articles, excluding towels and bed wear, grew 7.29 percent y-o-y to US$ 47.021 million; and other textile materials increased 13.66 percent to US$ 33.255 million.

The items that recorded negative export growth included towels, which fell by 19.68 percent y-o-y to US$ 54.064 million; tents, canvas and tarpaulin declined by 13.35 percent y-o-y to US$ 5.304 million; and art, silk and synthetic textile dropped by 8.19 percent y-o-y to US$ 33.439 million.

Textile and clothing exports fetched US$ 2.305 billion for Pakistan during the first two months of the current fiscal year 2013-14, which is an increase of 7.24 percent compared to same period last year.

During July-August 2013 period, cotton cloth accounted for US$ 467.774 million worth of exports, followed by cotton yarn with US$ 389.921 million, knitwear with US$ 385.197 million, readymade garments with US$ 324.628 million, and bed wear with US$ 316.192 million.

The total textile and garment export value of US$ 2.305 billion was more than half of the US$ 4.09 billion earned by Pakistan in exports during the two-month period.

Fibre2fashion News Desk - India

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