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ISLAMABAD: Pakistan recorded an export of textile products worth $5,941.099 million during the first four months of the current fiscal year (2022-23), showing a decline 1.34 percent during the period under review when compared to the exports of $6,021.813 during the same period of last year (July-October 2021-22).
Also read: Textile factories shutting operations amid cotton shortage
On year-on-year (YoY) basis, the textile goods’ exports declined by 15.23 percent in October 2022 to $ 1,357.038 million against exports of $ 1,600.930 million in October 2021. On month-on-month (MoM) basis the textile goods’ exports however decreased by 11.13 percent in October 2022 when compared to the exports of $ 1,527.071 million in September 2022, according to the PBS data.
According to Pakistan Bureau of Statistics (PBS), country’s textile products witnessed positive growth during July-October (2022-23) as compared to the corresponding period of last year included cotton cloth, the exports of which grew by 1.27 percent to $750.115 million from $740.711 million, and the exports of knit wear increased by 6.92 percent, from $ 1,601.778 million to $ 1,712.606 million.
Also read: Import’s bill of Pakistan’s textile group increases by 25%
Besides these, the exports of tents, canvas and tarpaulin increased by 21.24, from $30.810 million to $37.355 million, ready-made garments by 2.46 percent, from $ 1,158.603 million to $ 1,187.059 million and art, silk and synthetic textile by 2.06 percent from $ 143.320 million to $ 146.276 million.
The textile goods that witnessed negative growth in trade included cotton yarn, the exports of which declined by 18.14 percent, from $ 394.765 million to $285.315 million.
The PBS report shows that the exports of cotton (carded or combed) declined by 86.14 percent, from $1.542 million to $0.214 million, yarn (other than cotton yarn) by 14.56 percent, from $17.240 million to $14.730 million, bed-wear by 8.64 percent from $1,091.124 million to $996.840 million, towels by 2.02 percent, from $323.385 million to $316.860 million, made-up articles (excluding towels, bedwear) by 11.37 percent, from $168.583 million to $238.043 million while the exports of all other textile materials went down by 1.65 percent, from $249.952 million to $245.840 million.
