Pakistan's textile exports up 5.81% in July-August 2017

23 Sep '17

2 min read

The value of textile and garment exports from Pakistan increased by 5.81 per cent year-on-year in dollar terms in July-August 2017, according to data from Pakistan Bureau of Statistics. During the first two months of fiscal 2017-18, Pakistan earned $2.179 billion from textile and apparel exports compared to $2.059 billion in the same period of 2016-17.

Category-wise, knitwear exports rose 7.53 per cent year-on-year to $439.258 million during the two-month period, while exports of non-knit readymade garments were up by 15.65 per cent to $418.631 million.

Among textiles, raw cotton exports fetched $8.697 million during the period under review, showing a drop of 14.71 per cent compared to exports of $10.197 million during the same months of the previous fiscal. Cotton yarn exports also fell by 3.98 per cent to $210.413 million, as against exports of $219.140 million made during July-August 2016.

Exports of cotton fabric dropped 7.86 per cent to $349.302 million during the two-month period, while bedwear exports increased by 8.09 per cent to $384.321 million, the data showed.

On the import side, synthetic fibre imports were up 11.91 per cent year-on-year to $96.033 million, whereas imports of synthetic and artificial silk increased 19.13 per cent to $117.989 million.

Meanwhile, the value of textile machinery imports by Pakistan increased 16.12 per cent year-on-year to $88.333 million during July-August 2017, which shows a rise in confidence among the country’s textile entrepreneurs.

In fiscal 2016-17 that ended on June 30, the value of textile and garment exports made by Pakistan increased by 0.04 per cent to $12.452 billion compared to exports valued at $12.447 billion in 2015-16. (RKS)

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