Home / Knowledge / News / Textiles / Textile exports give over 50 percent to country's net exports

Textile exports give over 50 percent to country's net exports

25
Jun '10
The Federal Bureau of Statistics (FBS) reports reveal that, of the overall exports during the initial 11 months of this financial year, more than 50 percent came from the textile sector.

Textile exports, for the period of July 2009 to May 2010 came to $9.324 billion, thus contributing around 53 percent to the entire export volume of $17.6 billion.

As per FBS data, the other sectors that mainly source the country's exports include, manufacturing sector with $3.381 billion that is share of about 19.21 percent, food sector with 17 percent that is a share worth $2.992 billion, petroleum and coal with $890.629 million and 5.06 percent, whereas miscellaneous exports stood at 5.74 percent or $1.01 billion.

In spite of the economic adversities attributable to war on terror, and power crunch resulting from increased export of inputs like cotton and cotton yarn, the textile sector still succeeded to grow by 6.77 percent and the combined exports of both inputs bagged in foreign currency worth $1.486 billion to the nation's economy.

Considering the volume of textile export, the major contribution came from cotton cloth, which stood at $1.66 billion, followed by knitwear with $1.587 billion, bed wear with $1.573 billion, and readymade garments with $1.158 billion worth of contribution.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 8th Apr 2020

Retailers need to show true partnership with supply chains

The ongoing COVID-19 crisis has thrown up an unprecedented challenge...

Pic: Shutterstock

Apparel/Garments | On 8th Apr 2020

Brands & Suppliers: Caught in a bind

Brands and retailers are in a bind: they have to deal with store...

Pic: Shutterstock

Apparel/Garments | On 8th Apr 2020

Pak garment units exempted from lockdown, start production

Pakistan’s garment industry has started production following a...

Interviews View All

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Textile Industry, Head honchos

Textile Industry
Head honchos

There's a lot more potential in women than what we are witnessing today

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Arup Chakraborty,

Arup Chakraborty

Mirrorsize is a US-based start-up that provides artificial intelligence...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


April 2020

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


Advanced Search