Home / Knowledge / News / Textiles / Textile exports record growth

Textile exports record growth

20
May '10
As per data revealed by the Federal Bureau of Statistics (FBS), Pakistan's textile exports, during July-April 2009-10 recorded an increase of 7.04 percent, reaching $8.461 billion from a figure of $7.905 billion, registered in the same period last year.

Also, the textile exports on a year-on-year (Y-o-Y) basis increased to $871.851 million in April from $714.93 million during the same period last fiscal. Thereby, indicating an increase of 21.95 percent.

According to experts, since the key contributors in the overall exports of textiles are raw materials, the growth of value-added goods was facing a bleak future.

During the period under consideration, overseas sales of raw cotton witnessed growth of 140 percent amounting to $194.154 million from $80.835 million.

Likewise, overseas sales of cotton yarn and other yarn witnessed a hike of 32.13 percent and 103.53 percent, amounting to $1.21 billion and $40.79 million, respectively, as compared to $916.461 million and $20.046 million, respectively, in the previous fiscal.

Also, for the period under consideration, owing to lesser production of cotton in China, they purchased cotton yarn from Pakistan. Due to this China continued to remain the key importer of Pakistani cotton.

Moreover, recovery of international economic meltdown resulted in an increase in the overall demands, which further increased the exports during April.

Currently, textile exports amount to around 53 percent of the overall exports, despite the fact that, the local industry has been facing severe challenges in its pathway to growth. The country's total exports during July-April 2009-10 were registered at $15.884 billion.

While analyzing overseas sales on product-basis it was found that, readymade apparels witnessed a hike of five percent reaching $1.059 billion from $1.007 billion recorded in the previous year.

Whereas, overseas sales of knitwear and home furnishings recorded a marginal fall in the first ten months of the current financial year, touching $1.424 billion and $1.4 billion, from its previous figures of $1.434 billion and $1.408 billion, respectively.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 8th May 2021

French Development Agency to invest $83m in Ivory Coast cotton sector

Over a period of five years, the French Development Agency (AFD) will ...

Pic: Juki

Apparel/Garments | On 8th May 2021

Japanese companies collaborate to develop sewing machine business

Juki Corporation and Pegasus Sewing Machine Mfg have entered into a...

Pic: Rocky Brands

Apparel/Garments | On 8th May 2021

Rocky Brands expands Made in America capabilities

Rocky Brands has expanded the offering of its Made in America product ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Ismail Ajani,

Ismail Ajani

Hollywood Footwear’s story began in 1946 when Jummabhai Ajani started the...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

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


May 2021

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


Advanced Search