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Pakistan textile exports stable in July-Nov 2018

25
Dec '18

The value of textile and garment exports from Pakistan decreased by a miniscule 0.07 per cent in dollar terms in July-November 2018, compared to the same months of previous year. During the period, Pakistan earned $5.506 billion from textile and apparel exports compared to exports of $5.509 billion in July-November 2017, according to data from Pakistan Bureau of Statistics.

Category-wise, knitwear exports rose 10.58 per cent year-on-year to $1.214 billion during the five-month period, while exports of non-knit readymade garments increased 0.28 per cent to $1.022 billion.

Among textiles, raw cotton exports fetched $13.773 million during the period under review, showing a decrease of 72.56 per cent compared to exports of $50.200 million during the same period of the previous fiscal.

Cotton yarn exports showed decline of 14.72 per cent and fetched $472.199 million, as against exports of $553.682 million made during July-November 2017. Exports of cotton fabric decreased marginally by 0.85 per cent and were valued at $880.247 million during the first five months of fiscal 2018-19, while bedwear exports increased by 1.96 per cent to $966.007 million, the data showed.

On the import side, synthetic fibre imports were up 13.01 per cent year-on-year to $236.452 million, whereas imports of synthetic and artificial silk fell by 6.38 per cent to $247.884 million.

Meanwhile, the value of textile machinery imports by Pakistan declined by 19.57 per cent year-on-year to $197.815 million during the period under review.

In fiscal 2017-18 ending June 30, textile and garment exports from Pakistan increased by 8.67 per cent to $13.530 billion over $12.450 billion exports in the previous fiscal. (PC)

Fibre2Fashion News Desk – India

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