8% jump in leather exports in 11 months of FY18

The exports of leather products from the country increased by 8 percent during the first eleven months of the fiscal year 2017-18 as compared to the corresponding period of last year.

Pakistan exported leather products worth $478.857 million during July-May (2017-18) against the imports of $443.430 million in July-May (2016-17), showing growth of 7.99 percent, according to the Pakistan Bureau of Statistics (PBS).

Out of the leather products, the exports of leather garments increased by 2.05 percent and reached to $269.128 million during the outgoing fiscal year (2017-18) against the exports of $263.714 million in 2016-17.

The exports of leather gloves increased from $168.468 in FY2016-17 to $198.185 million in FY2017-18, showing an increase of 17.64 percent.

The exports of other leather manufacturers also increased by 2.61 percent by growing from $11.248 million to $11.544 million, the PBS data revealed.

Meanwhile, on year-on-year basis, the exports of leather products from the country increased by 21.60 percent in May 2018 when compared to the exports of May 2017. The leather products’ exports in May 2018 were recorded at $43.847 million compared to the exports of $36.059 million in May 2017.

Among these products, the exports of leather garments increased by 15.10 percent in may 2018 compared to exports of May 2017 while the exports of leather gloves surged by 31.67 percent and other leather products by 28.29 percent.

(APP)