Pakistan records highest ever textile exports of $14.24bn during 9MFY22

MG News | April 18, 2022 at 09:41 AM GMT+05:00
April 18, 2022 (MLN): Pakistan’s textile exports rose to a record high of $14.24 billion during July- March FY2022, up by 25.4% YoY, data released by the Pakistan Bureau of Statistics (PBS) showed.
In the month of March alone, textile exports stood at $1.63bn, showing a growth of 20% YoY due to strong demand in the West before the summer season, while other factors include the resumption of economic activity, which has led to a shortage of various retail brands, competitive utilities and borrowing rates.
While on monthly basis, it inched down by 3.5% MoM.
During July-March FY22, under the value-added segment, knitwear, bed-wear, readymade garments and towels registered an upsurge of 34%, 19%, 26% and 18% to $3.7bn, $2.05bn, $2.27bn and $692mn compared to the corresponding period last year.
Meanwhile, the country exported food commodities worth $4bn during 9MFY22, registering a jump of 19% YoY from $3.33bn in 9MFY21.
Commodity-wise, rice remained the primary source of foreign exchange earnings during the review period as its exports were valued at $1.79bn, up by 15% YoY. The export of fish & fish preparations and fruits inched up by 2% YoY and 4% YoY to stand at $310mn and $394mn respectively.
The export value of meat and meat preparations clocked in at $2250mn, up by only 1.18% YoY.
During 9MFY22, the export of petroleum products posted a growth of 103% to $236mn against $116mn recorded in the corresponding period last year. It was mainly led by exports of petroleum crude, standing at $179mn, depicting a growth of 185% YoY.
Going into details made available by PBS, the other manufactures group observed a 16% YoY increase during the period to $2.98bn. Under this group, the trade value of sports goods was recorded at $260mn, up by 35% YoY. The country earned $464mn through the export of leather manufactures, marking a growth of 8.5% YoY.
The exports of chemical and pharmaceutical products witnessed an increase of 29.5% to value at $1.09 during July-March FY22. The major chunk of exports under the chemical and pharma group during the said period was mainly from the other chemicals and plastic materials which clocked in at $590mn and $303mn, showing significant growth of 46% YoY and 30% YoY.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 135,939.87 307.74M |
-0.41% -562.67 |
ALLSHR | 84,600.38 877.08M |
-0.56% -479.52 |
KSE30 | 41,373.68 101.15M |
-0.43% -178.94 |
KMI30 | 191,069.98 82.45M |
-1.17% -2260.79 |
KMIALLSHR | 55,738.07 422.01M |
-1.03% -577.24 |
BKTi | 38,489.75 45.79M |
-0.02% -8.33 |
OGTi | 27,788.15 6.87M |
-1.24% -350.24 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 117,515.00 | 120,695.00 116,660.00 |
-2720.00 -2.26% |
BRENT CRUDE | 69.27 | 69.41 68.60 |
0.06 0.09% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
1.50 1.56% |
ROTTERDAM COAL MONTHLY | 106.50 | 0.00 0.00 |
-0.05 -0.05% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.96 | 67.13 66.27 |
-0.02 -0.03% |
SUGAR #11 WORLD | 16.51 | 16.51 16.25 |
0.21 1.29% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|