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