Pakistan’s textile and clothing exports jump to $13.7 billion, increase by 19% in 11MFY21 YoY

On the other hand, the exports of raw leather decreased by more than 17% during these months.

Made in Pakistan: Why exporting apparel is the answer to Pakistan's rising trade deficitThe exports of the textile and clothing sectors posted almost 19% growth in the 11 months of the current fiscal year (11MFY21) compared to the same period a year ago.

This was revealed in the data released by the PBS (Pakistan Bureau of Statistics) on Saturday.

According to the data, the total exports of textile and clothing grew by 18.85% to $13.748 billion between July and May this year against $11.567 billion over the corresponding period in FY20.

On a monthly basis, the export proceeds posted growth of 41.14% on a year-on-year (YoY) basis to $1.06 billion in May 2021.

Meanwhile, the exports of ready-made garments were up by 14.35% to $2.706 billion in 11MFY21 against $2.367 billion over the corresponding months of last year.

Similarly, knitwear exports increased by 32.70% to $3.414 billion against $2.572 billion over the corresponding months of last year.

Likewise, the exports of bedwear surged by 24.60% to $2.472 billion this year against 1.984 billion in FY20.

Furthermore, in the value-added leather sector, the exports of leather garments up by 9.92%, and the exports of leather gloves were up by 19.08%.

On the other hand, the exports of raw leather decreased by more than 17% during these months.

In the non-value-added sector, the exports of cotton cloth witnessed a small growth of 0.97% in 11MFY21 from a year ago.

Meanwhile, the exports of cotton yarn declined by 1.60% and raw cotton by 96.51%.

This indicates that these raw materials were used mostly by the value-added sector as the authorities permitted duty-free import of these products.

On the other hand, the exports of cotton carded surged by 3.17% and yarn (other than cotton yarn) by 20.24% during the period under review.

What are your views on this? Share with us in the comments below.

  • Increase in ” exports of raw leather ” is not a good sign, we should be exporting final products, not raw materials!!


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