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

News Image

MG News | April 18, 2022 at 09:41 AM GMT+05:00

0:00

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 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,590.00 123,615.00
118,675.00
2060.00
1.74%
BRENT CRUDE 69.15 71.53
69.08
-1.21
-1.72%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.91 69.65
66.84
-1.54
-2.25%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg