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Pakistan's textile exports swell 7.99% in July-March
23
Apr '14
The exports of textiles and apparel from Pakistan increased by 7.99 percent year-on-year in the first nine 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$ 10.384 billion in July-March 2013-14, compared to exports of $9.616 billion made during the corresponding period of 2012-13, PBS data showed.
 
While most of the categories showed improvement, exports of cotton yarn; cotton carded or combed; towels; and tents, canvas & tarpaulin declined during the nine-month period, according to the data.
 
During the period under review, Pakistan exported 102,276 tons of raw cotton valued at $181.895 million, compared to exports of 75,941 tons of raw cotton worth $126.774 million made during the same period in previous fiscal year, thus registering a sharp increase of 43.48 percent year-on-year.
 
In terms of value, exports of cotton cloth earned $2.125 billion for Pakistan in foreign exchange during the first three quarters of the financial year, followed by knitwear, bed wear, cotton yarn and woven readymade garments which fetched $1.667 billion, $1.6 billion, $1.569 billion and $1.43 billion, respectively.
 
Meanwhile, Pakistan’s textile imports increased by 2.36 percent year-on-year to $1.992 billion during July-March 2013-14 period. However, the imports of raw cotton witnessed a sharp 29.43 percent year-on-year decline and were valued at $474.155 million.
 
In the first three quarters of 2013-14, Pakistan imported 159,159 tons of synthetic fibre valued at $310.655 million, while synthetic & artificial silk yarn imports were 177,164 tons valued at $453.618 million.
 
In March 2014, Pakistan exported textiles and clothing worth $1.235 billion, while it imported goods valued at $254.487 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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