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Textile exports swell in first half of current fiscal

20
Jan '11
Textile exports witness a hike by 25.79 percent in the first half of the fiscal year 2010-11. In spite of the challenges imposed by the energy crisis, the textile industry of Pakistan has given better performance especially in the initial six months of the current fiscal as the industry's exports registered a hike of 25.79 percent during the corresponding period of the previous year.

According to the information given by the Federal Bureau of Statistics, export of textile products from July to December (2010-2011) stood at over US $6.284 billion compared to the exports of 4.995 billion during the corresponding period of 2009-10.

There had been an outstanding growth in the textile exports during the month of December, 2010, which was of 15.47 percent over November, 2010 textile export figures and 42.65 percent over the textile export figures of December 2009.

In December 2010, textile exports stood at $1.174 billion in comparison to that of $1.017 billion recorded in November, 2010 and $823.583 million in December, 2009.

Exports of cotton cloth which grew by 30.63 percent contributed significantly towards the positive growth of textile exports during the July-December period of 2010-11.

Likewise, the raw cotton exports witnessed a boost by 13.91 percent, cotton yarn by 26.49 percent, other yarns by 43.11 percent, knitwear by 24.07 percent, made up articles by 21.48 percent, readymade garments by 34.99 percent, towels by 7.23 percent, bed wear by 16.01 percent, art, silk and synthetic textile by 69.68 percent and other textile products grew by 47.73 percent.

Exports of carded or combed cotton declined by 43.60 percent, whereas that of tents, tarpaulin and canvas registered a drop of 46.69 percent in July-December period of 2010-11 over the same period in 2009-10, representing a negative growth.

Fibre2fashion News Desk - India


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