Pakistan's textile exports up 8.07% in H1 FY18

Category-wise, knitwear exports rose 13.38 per cent year-on-year to $1.335 billion during the six-month period, while exports of non-knit readymade garments were up by 13.52 per cent to $1.248 billion.

Among textiles, raw cotton exports fetched $53.292 million during the period under review, showing an increase of 48.50 per cent compared to exports of $35.886 million during the same months of the previous fiscal. Cotton yarn exports were also up 0.62 per cent to $661.232 million, as against exports of $657.188 million made during July-December 2016.

Exports of cotton fabric witnessed a negligible drop of 0.01 per cent and were valued at $1.066 billion during the first half of the current fiscal, while bedwear exports increased by 6.22 per cent to $1.124 billion, the data showed.

On the import side, synthetic fibre imports were up 16.34 per cent year-on-year to $247.413 million, whereas imports of synthetic and artificial silk increased 2.26 per cent to $321.481 million.

Meanwhile, the value of textile machinery imports by Pakistan jumped 11.14 per cent year-on-year to $287.604 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