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Pakistan's textile exports jump 28% to $2.9 billion in 2MFY22

Islamabad: The country's textile commodities exports have witnessed 28.67 percent jump in the first two months of fiscal year 2021-22 compared to the same months of corresponding of fiscal year, the Pakistan Bureau of Statistics (PBS) data shows.

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In photo: Pakistani exports
In photo: Pakistani exports

On year-on-year (YoY) basis, the textile exports also surged by 45.19 percent, the data further reveals.

The textile exports were recorded at $2933.9 million in July-August (2021-22) against the exports of $2280.1 million in July-August (2020-21), showing a growth of 28.67.

The textile commodities that contributed in trade growth included cotton yarn, the exports of which increased from $115.136 million last year to $193.389 million during the current year, showing growth of 67.97 percent.

Likewise, the exports of yarn cotton cloth increased by 24.74 percent, from $294.724 million to $367.624 million whereas, exports of cotton (carded of combed) increased by 100 percent to 0.770 million.

The exports of yearn (other than cotton yarn) increased by 123.73 percent, from $3.473 million to $7.770 million whereas the exports of knitwear went up by 34.12 percent, from $564.343 million to $756.883 million and bed wear by 24.50 percent, from $424.187 to $528.109 million.

The exports of towels during the period under review increased by 20.67 percent, from $133.104 million to $160.612 million, readymade garments by 22.57 percent, from $477.216 million to $584.913 million, art, silk and synthetic textile by 34.08 percent, from $51.613 million to $69.202 million, made up articles (excluding towels and bed wear) by 21.26 percent from $109.846 million to $133.194 million whereas exports of other textile materials increased by 37.44 million, form $86.743 million to $119.222 million.

The commodities that witnessed negative growth in trade included during the period under review included raw cotton, exports of which decreased by cent percent whereas the exports of tents, canvas and trapulin declined by 37.19 percent, from $19.504 million to $12.250 million.

Meanwhile, on year-on-year basis, the textile exports increased by 45.19 percent during the month of August 2021 as compared to the same month of last year.

The exports during August 2021 were recorded at $1462.753 million against the exports of $1007.509 million during August 2020.

On month-on-month basis, the exports from the country however witnessed slight decrease of 0.57 percent during August 2021 when compared to the exports of $1471.185 million in July 2021.

 

Faisal Ali Ghumman

Faisal Ali Ghumman is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Faisal Ali Ghumman is nothing less than a Veteran Editor and has been writing for GNN for the past 4 months.

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