Country’s Textile Exports up 3% to $3.37 Billion in First Quarter

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The country’s textile industry is steering in the right direction as the textile exports during the first quarter of the current fiscal year recorded an increase of 2.95% compared to the same period of the last fiscal year.

As per the data released by Pakistan Bureau of Statistics (PBS), the country’s textile exports stood at $3,371.974 million during the first quarter of the current fiscal. While, the textile exports during the same period of last year fiscal year stood at $3,275.303.

Textile Goods Having Shown A Positive Growth

The exports of raw cotton recorded a major growth of 53.65% increasing from $7.047 million to $10.828 million. Furthermore, the exports of yarn and knitwear grew by 21.95% and 11.14% respectively. The exports of yarn increased from $7.759 million last year to $9.462 million while the knitwear exports increased from $701.393 million to $779.548 million.

The other textile goods recording growth includes Bed wear (2.84%), readymade garments (11.49%) while art, silk and synthetic (8.37%).

Textile Goods Having Decreased it’s Exports

Besides the significant increase, some of the textile goods also show a decrease in it’s exports. A number of textile products also recorded a decrease in it’s exports. The textile goods which recorded decrease in it’s exports includes cotton yarn (-6.19%), cotton cloth (-5.6%), towel exports (-2.31%), tents, canvas and tarpaulin (-5.74%) and made-up articles (-6.58).

Moreover, the textile exports during the month of September increased by 4.38% compared to September last year. The textile exports increased from $1.02 billion to $1.06 billion.

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