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Pakistan's textile exports rise 7.59% in July-Jan FY'14
21
Feb '14
The exports of textiles and apparel from Pakistan increased by 7.59 percent year-on-year in the first seven months 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$ 8.035 billion in July-January 2013-14, compared to exports of $7.468 billion made during the corresponding period of 2012-13, PBS data showed.
 
While most of the categories showed improvement, cotton yarn; towels; and tents, canvas & tarpaulin exports from Pakistan declined during the seven-month period.
 
During the period under review, Pakistan exported 87,091 tons of raw cotton valued at $154.047 million, compared to exports of 53,540 tons of raw cotton worth $90.506 million made during the same period in previous fiscal year, thus registering a sharp increase of 70.21 percent year-on-year.
 
In terms of value, exports of cotton cloth earned $1.645 billion for Pakistan in foreign exchange during the period, followed by knitwear, bed wear, cotton yarn and woven readymade garments which fetched $1.308 billion, $1.236 billion, $1.204 billion and $1.104 billion, respectively.
 
Meanwhile, Pakistan’s textile imports increased by 1.34 percent year-on-year to $1.443 billion during July-January 2013-14 period. However, the imports of raw cotton witnessed a sharp 31.54 percent year-on-year decline and were valued at $298.195 million.
 
In the first seven months of 2013-14, Pakistan imported 121,017 tons of synthetic fibre valued at $240.061 million, while synthetic & artificial silk yarn imports were 130,616 tons valued at $335.961 million.
 
In January 2014, Pakistan exported textiles and clothing worth $1.097 billion, while it imported goods valued at $333.67 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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