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Pakistan's textile exports grow 8.36% in H1 FY'14
Jan '14
The exports of textiles and apparel from Pakistan increased by 8.36 percent year-on-year in the first half of the financial year 2013-14 that began on July 1, according to the data released by the Pakistan Bureau of Statistics (PBS).
Pakistan exported textiles and garments worth US$ 6.944 billion in July-December 2013, compared to exports of $6.408 billion made during the corresponding period of 2012, PBS data showed.
While most of the categories showed improvement, cotton yarn, cotton carded or combed, towels, and tents, canvas & tarpaulin exports from Pakistan declined during the six-month period.
During the period under review, Pakistan exported 78,174 tons of raw cotton valued at $138.867 million, compared to exports of 46,258 tons of raw cotton worth $78.199 million made during the same period in previous fiscal year.
In terms of value, cotton cloth earned $1.406 billion for Pakistan in foreign exchange during the period, followed by knitwear, cotton yarn, bed wear and non-knitted readymade garments which fetched $1.12 billion, $1.072 billion, $1.068 billion and $936.187 million, respectively.
Meanwhile, Pakistan’s textile imports declined slightly by 0.3 percent year-on-year to $1.109 billion during July-December 2013 period. However, the imports of raw cotton witnessed a sharp 39.06 percent year-on-year decline and were valued at $170.173 million.
In the first half of 2013-14, Pakistan imported 98,987 tons of synthetic fibre valued at $195.619 million dollars, while synthetic & artificial silk yarn imports were 105,569 tons valued at $273.516 million.
In December 2013, Pakistan exported textiles and clothing worth $1.261 billion, while it imported goods valued at $226.294 million.
During last fiscal year which ended on June 30, 2013, textile and clothing exports from Pakistan grew by 5.9 percent to $13.06 billion from $12.34 billion in 2011-12.

Fibre2fashion News Desk - India

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