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Pakistan textile exports up 3.68% in July-Jan FY20

19 Feb '20
2 min read
Pic: Waleeds / Shutterstock.com
Pic: Waleeds / Shutterstock.com

The value of textile and garment exports from Pakistan increased by 3.68 per cent in dollar terms in first seven months of fiscal 2019-2020, compared to the same months of 2018-2019. During the period, Pakistan earned $8.099 billion from textile and apparel exports compared to exports of $7.812 billion in fiscal 2018-19, according to data from Pakistan Bureau of Statistics.

Category-wise, knitwear exports rose 6.27 per cent year-on-year to $1.832 billion during the seven-month period ending January 31, 2020, while exports of non-knit readymade garments increased 10.84 per cent to $1.680 billion.

Among textiles, raw cotton exports fetched $15.889 million during the period under review, showing an increase of 9.99 per cent compared to exports of $14.446 million during the same period of the previous fiscal.

Cotton yarn exports increased by 0.78 per cent to $640.001 million, as against exports of $635.040 million made during the first seven months of fiscal 2018-19. Exports of cotton fabric, on the other hand, decreased by 3.62 per cent and were valued at $1.189 billion during the first seven months of fiscal 2019-20. Bedwear exports increased by 2.77 per cent to $1.392 billion, the data showed.

On the import side, synthetic fibre imports were down 21.09 per cent year-on-year to $260.753 million and imports of synthetic and artificial silk yarn were down by 8.00 per cent to $335.549 million. Meanwhile, the value of textile machinery imports by Pakistan decreased by 9.18 per cent year-on-year to $280.62 million during the period under review.

In fiscal 2018-19 ending June 30, textile and garment exports from Pakistan decreased by 1.42 per cent to $13.329 billion over $13.520 billion exports in the previous fiscal.

Fibre2Fashion News Desk (RKS)

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