Home / Knowledge / News / Textiles / Growth in textile exports helps reduce trade deficit
Growth in textile exports helps reduce trade deficit
13
May '10
As per Federal Bureau of Statistics (FBS) reports, due to increase in overseas sales and decrease in imports, during the first ten months of the current fiscal, the country's trade deficit registered a fall of 14 percent, reaching a figure of $12.238 billion as compared to $14.218 billion figure of the same period, last year.

During the first ten months (July-April) 2009-10, the country's exports witnessed 8.03 percent growth reaching a figure of $15.884 billion as against $14.703 billion during the corresponding period, last year.

But, however, Pakistan's imports displayed a negative growth, falling by 2.76 percent to $28.122 billion during the period under consideration, as compared to $28.921 billion, in the previous year.

While a strong increase in exports has been registered in April, as the overseas sales augmented by 31.45 percent year-on-year, to $1.373 billion, as against $1.321 billion last year; the Y-o-Y imports also witnessed a growth of 7.77 percent, achieving a figure of $3.015 billion during April this year as compared to $2.798 billion in 2009.

Although, revival in overseas sales was seen both in textile and non-textile sectors, the demand recovery of fabrics, clubbed with improved production of cotton, resulted in an increase in the exports of cheaper value-added goods.

For the period under consideration, overseas sales of textile group witnessed an increase of 5.66 percent amounting to $7.59 billion as against $7.19 billion last year, wherein, exports of raw cotton witnessed a hike of 141.59 percent and cotton yarn exports increased by 28.96 percent.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search