;
Home / Knowledge / News / Textiles / Textile exports paint a sorry picture
Textile exports paint a sorry picture
24
Apr '08
Statistical reports show that in the first nine months of the current financial year, exports of textile products dropped by 3.14 percent compared to the previous year ensuring to continue the phase of declining trend.

In the period July- March of 2007-08, the total textile exports stood at US $7.765 billion compared to $8.017 billion in the same period of the precedent year. Most of the categories in textile exports especially, in the value added sector, gave a miserable performance marking a negative growth for the industry.

While February recorded a decline of 5.74 percent to touch $923.730 million from the corresponding $979.925 million of the previous year, January 2008 saw a growth of 16.9 percent with textile exports worth $792.067 million.

Bedwear, knitwear, tents, canvas and tarpaulin reflected a negative growth of 5.24, 7.97 and 3.11 percent respectively, during July-March of the current fiscal year. On the other hand, export of cotton yarn, cotton cloth, cotton carded and other yarns plummeted by 8.27, 11.01, 23.75 and 20.46 percent respectively.

In the same period, exports of towel dipped by 3.89 percent while other textile materials went down by 3.80 percent.

A handful of sectors which did bring a bit of relief to the industry was the export of raw cotton which surged by 18.15 percent, readymade garments up by 7.30 percent, art silk and synthetic textile which soared by as much as 41 percent and made-up articles.

Experts lament that inspite of billions of rupees of cash incentives and subsidies, Pakistan has failed to survive the stiff competition put up by its regional rivals. Reasons can be attributed to uncompetitive-ness of domestic textile products in the international market and high cost of production that is gutting away the profits of the manufacturers and exporters.


Must ReadView All

Courtesy: Lululemon

Apparel/Garments | On 16th Dec 2018

Lululemon’s net revenue up 21% in Q3 2018

Lululemon Athletica Inc, a healthy lifestyle inspired athletic...

Courtesy: Walmart

Apparel/Garments | On 16th Dec 2018

Rakuten, Walmart start Walmart ecommerce store in Japan

Rakuten and Walmart have joined hands to start the first Walmart...

Courtesy: H&M

Apparel/Garments | On 16th Dec 2018

H&M Group's wage summit discusses fair wages

The textile and fashion industries were brought together by H&M Group ...

Interviews View All

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search