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Home Business & Stock

Pakistan’s textile exports increase by 25%

MM News Staff by MM News Staff
April 16, 2022
Reading Time: 2 mins read
Pakistan's economic woes leave textile industry in tatters

Pakistan's economic woes leave textile industry in tatters

ISLAMABAD: The exports of textile commodities increased by 25.43 percent during the first nine months of the current fiscal year (2021-22) as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported on Saturday.

According to the latest PBS data, the textile exports were recorded at $14,242.623 million in July-March (2021-22) against the exports of $11,355.465 million in July-March (2020-21), showing a growth of 25.43 percent.

The textile commodities that contributed to trade growth included cotton yarn, the exports of which increased by 25.97 percent from $721.216 million last year to $908.487 million during the current year.

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Likewise, the exports of raw cotton increased by 1009.03 percent, from $0.593 million to $6.577 million, cotton cloth by 26.51 percent, from $1,419.181 million to $1,795.457 million, cotton (carded or combed) by 100 percent to $1.632 million from $0.064 million exports last year, yarn (other than cotton yarn) increased by 104.53 percent, from $23.560 million to $48.188 million. Exports of knitwear increased by 34.12 percent, from $2,780.896 million to $3,729.683 million.

In addition, the exports of bed wear increased to $2,448.859 million from $2,052.259 million, showing a growth of 19.33 percent, towels’ export increased by 18.42 percent, from $692.110 million to $819.589 million, ready-made garments by 26.24 percent, from $2,268.389 million to $2,863.570 million, art, silk and synthetic textile by 27.63percent, from $269.201 million to $343.591 million.

The exports of all other textile materials increased by 20.01 percent, from $473.156 million to $567.841 million.

The only textile commodity that witnessed negative growth in trade was tents, canvas, and Tarpaulin, the exports of which decreased by 7.87 percent, from $89.160 million to $82.144 million.

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