Pakistan textile exports up 3.94% in H1 FY20

30 Jan '20
2 min read
Pic: Shutterstock
Pic: Shutterstock

The value of textile and garment exports from Pakistan increased by 3.94 per cent in dollar terms in first half of fiscal 2019-2020, compared to the same months of 2018-2019. During the period, Pakistan earned $6.905 billion from textile and apparel exports compared to exports of $6.644 billion in fiscal 2018-19, according to data from Pakistan Bureau of Statistics.
 
Category-wise, knitwear exports rose 7.59 per cent year-on-year to $1.587 billion during the six-month period ending December 31, 2019, while exports of non-knit readymade garments increased 12.08 per cent to $1.411 billion.
 
Among textiles, raw cotton exports fetched $15.331 million during the period under review, showing an increase of 9.06 per cent compared to exports of $14.058 million during the same period of the previous fiscal.
 
Cotton yarn exports decreased by 0.74 per cent to $544.378 million, as against exports of $548.425 million made during first six months of fiscal 2018-19. Exports of cotton fabric too decreased by 3.70 per cent and were valued at $1.013 billion during the first six months of fiscal 2019-20, while bedwear exports increased by 3.16 per cent to $1.197 billion, the data showed.
 
On the import side, synthetic fibre imports were down 22.18 per cent to $24.502 million and imports of synthetic and artificial silk yarn were down by 9.74 per cent to $272.798 million year-on-year. Meanwhile, the value of textile machinery imports by Pakistan decreased by 8.34 per cent year-on-year to $231.947 million during the period under review.
 
In fiscal 2018-19 ending June 30, textile and garment exports from Pakistan increased by 1.42 per cent to $13.329 billion over $13.520 billion exports in the previous fiscal.

Fibre2Fashion News Desk (RKS)

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