Home / Knowledge / News / Textiles / Cotton exports help avoid massive decline in growth rates

Cotton exports help avoid massive decline in growth rates

23
Sep '08
According to data released by the Federal Bureau of Statistics, exports of textiles and apparels from Pakistan are still in a state of decline.

For the first two months of the Pakistan current fiscal year (July-June), shipments fell to US $1.75 billion compared to $1.83 billion in the corresponding period of the previous fiscal, resulting in a negative growth of 4.21 percent.

Most of the products in the basket of textiles and garments, more in particular the garment category delivered a poor performance vis-à-vis the same period of the last fiscal.

Exports from the sector for July amounted to $853.51 million and that for August totaled to $905.91 million. De-growth was more noticeable in value added categories like bed-wear and knitwear which recorded negative growth rates of 8.52 and 12.51 percent respectively.

Ready made garments were the only major category to get away with a marginal 3.62 percent decline.

The shipments from the textile category were even more alarming. Exports of cotton yarn declined by 21.24 percent, of carded yarn fell by a shocking 54.79 percent and shipments of synthetic yarns dropped by 18.15 percent.

The only saving grace was the exports of raw cotton, exports of which rose by a tremendous 236.34 percent in the period under review. If exports of cotton were not to be considered the fall in growth rates would have been phenomenal.

The other category which helped the sector from recording dismal figures was the exports of art, silk and synthetic textiles which grew by 42.93 percent.

Fibre2fashion News Desk - India


Interviews View All

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Carolin Russ,

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search