Pakistan's textile exports up 7.91% in Q1 FY18

Category-wise, knitwear exports rose 9.35 per cent year-on-year to $647.650 million during the quarter, while exports of non-knit readymade garments were up by 15.97 per cent to $608.071 million.

Among textiles, raw cotton exports fetched $29.624 million during the period under review, showing an increase of 69.70 per cent compared to exports of $17.457 million during the same months of the previous fiscal. Cotton yarn exports were also up 4.56 per cent to $320.942 million, as against exports of $306.958 million made during July-September 2016.

Exports of cotton fabric dropped 3.44 per cent to $528.735 million during the first quarter of the current fiscal, while bedwear exports increased by 7.19 per cent to $566.963 million, the data showed.

On the import side, synthetic fibre imports were up 8.98 per cent year-on-year to $136.944 million, whereas imports of synthetic and artificial silk increased 6.28 per cent to $136.994 million.

Meanwhile, the value of textile machinery imports by Pakistan increased jumped 26.53 per cent year-on-year to $146.384 million during the quarter, 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