It is important to mention that Pakistan’s textile and garment exports in the first ten months of the current fiscal surpassed the exports of previous fiscal 2020-21, which stood at $15.400 billion.

Category-wise, knitwear exports rose by a sharp 35.14 per cent year-on-year to $4.218 billion during the ten-month period, while exports of non-knit readymade garments were up 27.95 per cent to $3.214 billion.

Among textiles, cotton yarn exports increased by 22.11 per cent to $1006.142 million in July-April 2021-22, as against exports of $823.952 million made during the corresponding period of 2020-21. Exports of cotton fabric also rose by 26.81 per cent and were valued at $2.005 billion during the period under review.

Bedwear exports jumped by 19.01 per cent to $2.727 billion during the ten-month period, the data showed.

On the other side, synthetic fibre imports shot up 25.92 per cent year-on-year to $632.796 million, while imports of synthetic and artificial silk yarn rose 27.15 per cent to $720.343 million during July-April 2021-22.

Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 56.38 per cent year-on-year to $678.452 million during the ten-month period.

In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.

The impressive growth in textile related exports and imports shows fast recovery after the COVID-19 pandemic. Steep price rise in cotton and limited supplies also supported Pakistan’s exports.

Fibre2Fashion News Desk (KUL)