Pakistan's textile exports nearly stable in July-March

Category-wise, knitwear exports showed a slight decrease of 0.07 per cent year-on-year to $1.746 billion during the nine-month period, while exports of non-knit readymade garments were up by 5.93 per cent to $1.704 billion.

Among textiles, raw cotton exports fetched $38.631 million during the period under review, showing a sharp drop of 48.71 per cent compared to exports of $75.324 million made during the same period of the previous fiscal. Likewise, cotton yarn exports fell by 5.10 per cent to $938.642 million, as against exports of $989.041 million made during the same period in 2015-16.

Exports of cotton fabric dropped 6.18 per cent to $1.581 billion during July-March 2016-17, while bedwear exports increased by 5.11 per cent to $1.585 billion, the data showed.

On the import side, synthetic fibre imports dropped 6.18 per cent year-on-year to $346.076 million, whereas imports of synthetic and artificial silk increased 3.92 per cent to $468.382 million.

Meanwhile, the value of textile machinery imports by Pakistan increased 20.78 per cent year-on-year to $401.117 million during the same period, which shows a return of confidence among the country’s textile entrepreneurs.

In fiscal 2015-16, Pakistan's textile and garment exports decreased by 7.42 per cent year-on-year to $12.455 billion. (RKS)

Fibre2Fashion News Desk – India