Pakistan's textile exports up 7.17% in July-Feb FY18

Category-wise, knitwear exports rose 13.30 per cent year-on-year to $1.756 billion during the eight-month period, while exports of non-knit readymade garments were up by 13.08 per cent to $1.695 billion.

Among textiles, raw cotton exports fetched $55.551 million during the period under review, showing an increase of 38 per cent compared to exports of $40.255 million during the same months of the previous fiscal.

Cotton yarn exports showed marginal increase of 1.87 per cent and fetched $859.716 million, as against exports of $843.953 million made during July-February 2016-17. Exports of cotton fabric too rose slightly by 0.04 per cent and were valued at $1.425 billion during the first eight months of the current fiscal, while bedwear exports increased by 5.51 per cent to $1.477 billion, the data showed.

On the import side, synthetic fibre imports were up 16.84 per cent year-on-year to $344.621 million, whereas imports of synthetic and artificial silk increased 1.85 per cent to $440.782 million.

Meanwhile, the value of textile machinery imports by Pakistan jumped 10.73 per cent year-on-year to $381.380 million during the period under review, 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)

Fibre2Fashion News Desk – India