Pakistan's textile exports show downtrend in July-May

23 Jun '15

2 min read

The exports of textiles and garments from Pakistan showed negative trend in the first eleven months of fiscal 2014-15 compared to the previous fiscal, the latest data showed.

For eleven months beginning July 1, 2014, Pakistan earned $12.397 billion from textiles and apparel exports, registering a decline of 1.7 per cent over $12.611 billion exports made in the same period of 2013-14, according to the data released by the Pakistan Bureau of Statistics.

However, the exports of value-added clothing sector showed positive growth in July-May 2014-15. Category-wise, knitwear exports grew by 5.28 per cent year-on-year to $2.2 billion, while exports of non-knit readymade garments were up by 10.59 per cent to $1.906 billion.

Among textiles, raw cotton exports fetched $146.259 million in the eleven-month period, showing a drop of 28.22 per cent compared to exports of $203.758 million made during the corresponding period of previous fiscal. Likewise, cotton yarn exports fell by 7.52 per cent to $1.722 billion, as against exports of $1.862 billion made during the same period last fiscal.

Exports of cotton fabric dropped 11.47 per cent to $2.277 billion during the period under review, while bedwear exports declined by 1.95 per cent to $1.920 billion, the data showed.

On the import side, synthetic fibre imports surged 21.49 per cent year-on-year to $480.703 million, whereas imports of synthetic and artificial silk yarn witnessed a growth of 7.92 per cent to register $617.488 million. This shows that textile enterprises have increased the use of synthetic fibre and yarn in recent months.

Meanwhile, the value of textile machinery imports during the period decreased by 25.3 per cent year-on-year to $411.323 million. This shows a decrease in new investment.

In 2013-14, Pakistan textiles and garment exports grew by 5.3 per cent year-on-year to US$ 13.738 billion, with knitwear and woven garment exports registering a growth of 10.53 per cent and 8.67 per cent, respectively. (RKS)

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