Category-wise, knitwear exports rose 12.07 per cent year-on-year to $1.098 billion during the five-month period, while exports of non-knit readymade garments were up by 14.69 per cent to $1.018 billion.

Among textiles, raw cotton exports fetched $50.195 million during the period under review, showing an increase of 49.78 per cent compared to exports of $33.513 million during the same months of the previous fiscal. Cotton yarn exports were also up 0.64 per cent to $553.391 million, as against exports of $549.853 million made during July-November 2016.

Exports of cotton fabric dropped 1.16 per cent to $887.860 million during the first five months of the current fiscal, while bedwear exports increased by 6.65 per cent to $947.517 million, the data showed.

On the import side, synthetic fibre imports were up 14.32 per cent year-on-year to $209.230 million, whereas imports of synthetic and artificial silk increased 4.43 per cent to $264.786 million.

Meanwhile, the value of textile machinery imports by Pakistan increased jumped 20.29 per cent year-on-year to $245.586 million during the period under review, which shows a rise in confidence among the country’s textile entrepreneurs.

In fiscal 2016-17 that ended on June 30, the value of textile and garment exports made by Pakistan increased by 0.04 per cent to $12.452 billion compared to exports valued at $12.447 billion in 2015-16. (RKS)

Fibre2Fashion News Desk – India