Textile exports fall close to 5% in May: SBP

June 18, 2025 (MLN): The country's total textile exports decreased by 4.8% to $1.41 billion in May compared to $1.48bn in the same month last year, data released by the State Bank of Pakistan (SBP) showed.

Likewise, on a month-on-month basis, the exports of the same group registered an decrease of 2.4% compared to exports worth $1.44bn in April.

Cumulatively in 11MFY25, the textile exports increased by 5.6% to $15.89bn compared to $15.04bn in 11MFY24.

The total exports as per BOP for May clocked in at $2.43bn, down by 19.1% compared to $3.01bn in May 2024. Likewise, on a monthly basis, exports are down by 6.4%.

In May 2025, Textile group products remained the major exportable goods for Pakistan as this group accounted for 58.0% of the total exports.

During the review month, key contributing products under the textile head were Knitwear ($0.36bn), Readymade Garments ($0.32bn), and Bed Wear ($0.27bn).

Knitwear exports rose by 1.3%, Readymade Garments exports decreased by 9.4%, and the inflow of foreign currency through Bed Wear down by 2.5%.

The food group remained the second most contributing group in total exports.

The export value of this group stood at $0.42bn, showing a decline of 29.5% compared to $0.60bn in May 2024.

On a monthly basis, the exports from the respective group fell by 7.2% compared to $0.45bn in April 2025

Collectively in 11MFY25, the earnings from food group exports increased by 9.6% to $5.94bn compared to $6.57bn in 11MFY24.

Under this group, Rice remained the major source of foreign exchange earnings as the export value of the commodity during May 2025 stood at $0.20bn marking a decline of 12.0% MoM and 38.8% YoY.

The export of Fish & Fish Preparationsstood at $0.05bn in May, up 9.2% MoM and rose 29.7% YoY.

Other manufactures were the third most contributing group in total exports. The export value of this group stood at $0.35bn, showing an contraction of 8.6% compared to $0.39bn in May 2024.

In this group, chemical and pharmaceutical products’ foreign earnings were down by 12.1% YoY to $0.12bn in May 2025.

However, when compared with the figure of $0.13bn in April 2025, the export of chemical and pharmaceutical products has decreased by 6.6% MoM.

The data further shows that the share of the Petroleum group in the country’s total export basket was 4.46% in May 2025.

During the review period, the country earned $0.11bn from exports of petroleum products, decreasing by 13.5% YoY.

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