Pakistan’s textile exports show decline of 8.17% in 7 months

ISLAMABAD: Textile exports reached to $10,039.743 million during the first seven months of the current fiscal year (2022-23), Pakistan Bureau of Statistics (PBS) reported Friday. The textile exports during the period showed a decline of 8.17 per cent as compared to the exports of $10,933.059 million during the same period of last year (July-January 2021-22).

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The textile products that witnessed positive growth during July-January (2022-23) as compared to the corresponding period of last year included raw cotton, the exports of which grew by 134.77 percent, from $5.233 million to $12.286 million.

The exports of tents, canvas and tarpaulin also went up by 13.44 percent, from $65.339 million to $74.122 million.

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The textile goods that witnessed negative growth in trade included cotton yarn, the exports of which declined by 34.66 per cent, from $ 687.857 million to $449.419 million.

Likewise, the exports of cotton cloth decreased by 9.34 percent, from $1,351.532 million to $1,225.348 million; cotton (carded or combed) by 41.18 per cent, from $1.610 million to $0.947 million, yarn (other than cotton yarn) by 23.15 per cent, from $34.031 million to $26.154 million, knit-wear by 2.93 per cent from $2,887.880 million to $2,803.298 million, bed wear by 14.81 percent, from $1,924.030 million to $1,639.103 million and towels by 5.29 per cent, from $615.355- million to $582.833 million.

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Likewise, exports of readymade garments decrease by 1.71 percent, from $2,162.627 million to $2,125.698 million; art, silk and synthetic textile by 8.88 percent, from $262.519 million to $239.208 million; made-up articles (excluding towels, bedwear) by 11.41 per cent, from $491.091 million to $435.050 million while the exports of all other textile materials went down by 3.98 per cent, from $443.955 million to $426.276 million.

Meanwhile, on a year-on-year (YoY) basis, the textile goods’ exports declined by 14.83 per cent in January 2023 to $ 1,321.768 million against exports of $ 1,551.890 million in January 2022.

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On a month-on-month (MoM) basis the textile goods’ exports decreased by 2.53 per cent in January 2022 when compared to the exports of $2 1,356.061 million in December 2022, according to the PBS data.