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Pakistani textile & clothing exports surge
21
Apr '11
The initial nine months of the 2010-11 fiscal saw Pakistan's textile exports going up by 30 percent to $9.88 billion, which is all attributable to rise in the commodity prices in the international markets.

The country's textile exports with a year on year rise of 44 percent grew to $1.25 billion during March 2011, over corresponding period last year.

According to the analysts, as the cotton prices registered a phenomenal rise in the world market, this helped the exporters to earn a higher price for the commodity.

Regardless of the decline in cotton production in the country, cotton exports jumped by 22.41 percent from $192.9 million to $236 million. However, this rise is mainly due to high price of commodity in the world market, as actually the export volume registered a fall of 34 percent.

As per analysts, increase in demand for Pakistan's finished and semi-finished goods from EU and the US, due to a recovery from the global economic slump of the last two years, led to this export hike.

Further, textile exports constituted around 55 percent of the country's overall exports worth $17.79 billion, during the review period. As cited in the Central Bank's report, the persisting trend of rise in textile exports would aid the country to achieve new highs in exports during the current fiscal.

Cotton yarn, cotton fabric, bed wear, readymade garments (RMG) and knitwear are the main segments which majorly boosted textile exports.

Cotton yarn exports jumped by 37.21 percent from $1.1 billion to $1.5 billion, while cotton cloth exports too surged by 28.6 percent from $1.32 billion to $1.7 billion.

Likewise, RMG, knitwear and bed wear exports too registered a rise of 37.75, 32.7 and 22.28 percent, respectively.

Editor's note –
Despite adversities like the devastating floods, political turmoil, gas and electricity shortages, the Pakistani textile and value-added sector has been able to record a stupendous rise in export value in the first nine-months of 2010-11 fiscal year.

Fibre2fashion News Desk - India


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