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Pakistan textile exports fall marginally in July

20
Aug '12
As global economic slump has resulted in a reduced demand for Pakistani textiles, the country’s textile exports for the first month of the current fiscal that started on July 1, 2012, registered a marginal fall of 2.2 percent.
 
As against July 2011’s exports of US$ 1.116 billion, the sector’s exports for July 2012 came to US$ 1.09 billion, slightly above May 2012’s exports of US$ 1.08 billion, the recently released data by the Pakistan Bureau of Statistics (PBS) showed.
 
According to industry analysts, drop in prices of Pakistan-made textile items in international markets is also a reason for decreased exports.
 
Commodity-wise, raw cotton exports experienced a sharp decline of 86.76 percent and fell from July 2011’s US$ 11.524 million to US$ 1.5 million in July this year. 
 
However, overseas buyers have continued to show their interest in cotton yarn, and its exports soared by 40.43 percent from last July’s US$ 122.62 million to US$ 172.2 million this July.
 
Cotton fabric export for the period dropped 15.28 percent from US$ 237 million in July 2011 to US$ 201 million in July this year. 
 
Finished products shipments from Pakistan also declined, and the country made only US$ 197.28 million in foreign exchange reserves in knitwear exports, which is less than its July 2011’s earnings of US$ 228 million.
 
Similarly, bedwear exports during the period under review also declined by 14.61 percent from US$ 183.44 million to US$ 156 million.
 
Last fiscal, Pakistan’s textile exports dipped by 10.38 percent from 2010-11’s historic highs of US$ 13.788 billion to US$ 12.356 billion.
 
Industry circles mainly attributed this fall in exports to internal factors, as they said not just the industry, but the country experienced the worst-ever energy crisis during last fiscal. 
 

Fibre2fashion News Desk - India


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