Textiles play key role to make Italy billion-dollar market for Pak

16 Jun '22

2 min read

Pic: 123rf.com

Pakistan’s exports to Italy have crossed $1,002 million during the first 11 months of FY2021-22 (July-June). The exports of apparel and home textiles also registered an impressive growth in the last few quarters. Pakistan’s industry believes that Pak embassy in Italy is making an effort to leverage the benefits of rising economic activities post COVID-19.

Pakistan’s exports have registered a consistent increase since the second quarter of 2021 when Pakistan exported apparel worth $44.665 million. It exported apparel worth $52.187 million in the third quarter and $54.558 million in the fourth quarter of 2021. Monthly exports also witnessed an upward trend in January 2022 when the exports were $24.785 million. Monthly exports were $15.779 million in October 2021, according to Fibre2Fashion’s market insight tool TexPro.

The exports of home textiles from Pakistan to Italy also increased during three quarters of last year. The exports were $52.242 million in the second quarter, $52.699 million in the third quarter and $54.273 million in the fourth quarter of 2021, as per TexPro.

However, Pakistan’s share in Italy’s imports of apparel remained negligible. The western country had imported apparel worth $202.639 million from Pakistan between April 2021 and March 2022. Pakistan’s supply of apparel to Italy was mere 1.34 per cent out of the total supply worth $15.133 billion in the same period. China, Spain, France, Bangladesh and Germany were the top five suppliers of apparel to Italy with more than 50 per cent share of the total amount.

Pakistan was a prominent supplier of home textiles for Italy. Italy imported $1.895 billion worth of home textiles from different exporting countries during April 2021-March 2022. Pakistan secured the second position with a supply of 9.86 per cent of the total import of home textiles by Italy. China remained the top supplier with 30.78 per cent. India, Turkey and Germany were also among the top five suppliers for Italy.

According to Pak media, Pakistani embassy in Italy has played an important role in connecting exporters with Italian buyers by promoting B2B interactions and exchange of delegations. Recently, a 10-member buying mission from Italian leather sector visited Pakistan, and another delegation will be visiting TEXPO Pakistan in August 2022. Additionally, a 22-member Pak delegation visited Italy from 11-15 June 2022 and a 35-member delegation from leather sector will be visiting Italy in September 2022.

Fibre2Fashion News Desk (KUL)

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