Textile Exports Increase by 3.68% in First Quarter
ISLAMABAD: In a positive development for the national economy, the exports of textile goods increased by 3.68 percent during the first quarter of the current fiscal year compared to the corresponding period of last year.
According to the latest data released by the Pakistan Bureau of Statistics (PBS) on Thursday, the textile goods’ exports were recorded at $4,583.610 million in July-September (FY2022-23) against the exports of $4,420.883 million in July-September (FY2021-22), showing growth of 3.68 percent.
The Textile Products
The textile products that contributed to trade growth included cotton cloth, which grew by 4.21 percent to $580.524 million from $557.081 million, while the exports of knitwear increased by 15.40 percent, from $1,144.587 million to $1,320.897 million.
Likewise, the exports of tents, canvas, and tarpaulin increased by 40.56, from $21.177 million to $29.766 million, ready-made garments by 5.85 percent, from $861.169 million to $911.514 million and art, silk, and synthetic textile by 0.35 percent from $107.947 million to $108.321 million.
The exports of raw cotton witnessed cent percent growth by growing to $5.908 million, according to PBS data.
The textile goods that witnessed negative growth in trade included cotton yarn, the exports of which declined by 18.14 percent, from $ 288,617 million to $ 236,263 million.
While the exports of cotton (carded or combed) declined by 85.47 percent, from $1.473 million to $0.214 million, yarn (other than cotton yarn) by 4.97 percent, from $12.426 million to $11.808 million, bed-wear by 2.93 percent from $803.259 million to $779.703 million, towels by 1.67 percent, from $241.307 million to $237.280 million, made-up articles (excluding towels, bedwear) by 8.97 percent, from $197.428 million to $179.722 million. In comparison, the exports of all other textile materials went down by 1.48 percent, from $184.412 million to $181.690 million.
Meanwhile, on a year-on-year (YoY) basis, the textile goods’ exports increased by 2.68 percent in September 2022 to $ 1,527.071 million against exports of $ 1,487.144 million in September 2021.
On a month-on-month (MoM) basis, the textile goods’ exports declined by 3.07 percent in September 2022 compared to the exports of $ 1,575.366 million in July 2022, according to the PBS data.
