Exports of Ready-made garments up 13% in 11 months of Fiscal year 2018

The exports of ready-made garments increased 13 percent during the first eleven months of the fiscal year 2017-18 against the imports of the corresponding period of previous year.

The country exported ready-made garments worth $2345.877 million during July-May (2017-18) against the exports of $2075.989 million in July-May (2016-17), showing growth of 13 percent, according to the data of Pakistan Bureau of Statistics (PBS).

The overall textile exports from the country during the period under review increased by 9.82 percent by going up from $11232.954 million previous year to $12336.138 billion during July-May (2017-18).

Meanwhile, on year-on-year basis, the exports of ready-made garments from the country increased by 24 percent during May 2018 against the exports of the same month of last year.

The exports of ready-made garments during May2018 were recorded at $223.375 million against the exports of $180.156 million in May 2017.

(APP)

On month-on-month basis, the exports of ready-made garments however decreased by 9.33 percent in May 2018 when compared to the exports of $203.584 million in April 2017, the PBS data revealed.