Pakistan's textile exports up 7.72% in July-Oct '17

21 Nov '17

2 min read

The value of textile and garment exports from Pakistan increased by 7.72 per cent year-on-year in dollar terms in July-October 2017, according to data from Pakistan Bureau of Statistics. During the first four months of fiscal 2017-18, Pakistan earned $4.390 billion from textile and apparel exports compared to $4.075 billion in the same period of 2016-17.

Category-wise, knitwear exports rose 10.62 per cent year-on-year to $873.023 million during the four-month period, while exports of non-knit readymade garments were up by 14.80 per cent to $803.526 million.

Among textiles, raw cotton exports fetched $42.564 million during the period under review, showing an increase of 46.69 per cent compared to exports of $29.016 million during the same months of the previous fiscal. Cotton yarn exports were also up 5.04 per cent to $442.023 million, as against exports of $420.795 million made during July-October 2016.

Exports of cotton fabric dropped 2.21 per cent to $715.085 million during the first four months of the current fiscal, while bedwear exports increased by 5.44 per cent to $755.419 million, the data showed.

On the import side, synthetic fibre imports were up 11.96 per cent year-on-year to $173.961 million, whereas imports of synthetic and artificial silk increased 10.75 per cent to $215.888 million.

Meanwhile, the value of textile machinery imports by Pakistan increased jumped 32.54 per cent year-on-year to $200.655 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

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