Pakistan’s textiles exports reach historic high in December, increase 22.72%

COVID-19 threat to 1m workers in Pakistan | Materials & Production News | NewsPakistan’s exports of textile commodities witnessed a surge of 7.79% during the first half (H1) of the current fiscal year as compared to last year’s corresponding period.

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According to recent data released by the Pakistan Bureau of Statistics (PBS), the textile exports were recorded at $7,442.425 million in July-December (2020-21) against the exports of $6,904.689 million in July-December (2019-20), showing a growth of 7.79%.

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The textile commodities that contributed to positive trade growth included knitwear, the exports of which surged from $1,586.923 million last year to $1,849.605 million during the current year, showing an increase of 16.55%.

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Likewise, the exports of bedding increased by 16.38% by growing from $1,197.931 to $1,394.180, while the exports of towels surged by 17.47%, from $379.426 million to $445.709 million.

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Similarly, the exports of tents, canvas and tarpaulin grew by 57.77%, from $39.599 million to $62.477 million, while the exports of ready-made garments increased by 5.54%, from $1,412.111 million to $1,490.370 million.

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Moreover, the exports of art, silk and synthetic textile increased by 0.17%, from $167.218 million to $167.502 million, while the exports of made-up articles (excluding towels and bedding) rose 17.46%, from $322.855 million to $379.229 million.

Meanwhile, the commodities that witnessed negative growth included raw cotton, the exports of which declined by 96.14%, from $15.331 million to $0.592 million.

Similarly, the exports of cotton yarn decreased by 26.36%, from $544.148 to $400.730.

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The exports of cotton cloth also shrunk by 7.73%, from $1,013.325 million to $935.009 and yarn (excluding cotton yarn) by 7.28%, from $14.521 million to $13.464 million.

Meanwhile, on a year-on-year (YoY) basis, the textile exports surged by 22.72% during the month of December 2020 compared to the same month of last year.

The exports throughout December 2020 were recorded at $1,401.004 million against the exports of $1,141.620 million.

On a month-on-month (MoM) basis, the country’s exports witnessed an increase of 9.20% during December 2020 compared to the exports of $1,282.958 million in November 2020.

It is pertinent to mention here that Pakistan’s merchandise exports increased by 4.98% during the first half of the current fiscal year (2020-21) compared to the corresponding period of last year.

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

  • The World clothing market is worth 100s of billions. We need to aim for a large % of this. I would invest in power plants near Faislabad and give very cheap electricity. I would develop a university linked to this industry and aim to triple exports.

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