Pakistan’s textile exports rise 5% to over $1bn in Feb

MG News | March 18, 2025 at 02:00 PM GMT+05:00
March 18, 2025 (MLN): The country's total textile exports increased by 5.05% to $1.37 billion in February compared to $1.30bn 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 a decrease of 13.02% compared to exports worth $1.57bn in January.
Cumulatively in 8MFY25, the textile exports increased by 6.4% to $11.59bn compared to $10.89bn in 8MFY24.
The total exports as per BOP for February clocked in at $2.59bn, up by 2.44% compared to $2.53bn in February 2024. Likewise, on a monthly basis, exports are down by 13.33%.
In February 2025, Textile Group products remained the major exportable goods for Pakistan as this group accounted for 52.83% of the total exports.
During the review month, key contributing products under the textile head were Knitwear ($351 million), Readymade Garments ($323m), and Bed Wear ($239.42m).
Knitwear exports rose by 11.8%, Readymade Garments exports increased by 9.2%, and the inflow of foreign currency through Bed Wear moved up by 8.19%.
The food group remained the second most contributing group in total exports.
The export value of this group stood at $429.14m, showing a decline of 32.7% compared to $637.96m in February 2024.
On a monthly basis, the exports from the respective group fell by 23.6% compared to $562.14m in January 2025.
Collectively in 8MFY25, the earnings from food group exports decreased by 3.9% to $4.5bn compared to $4.7bn in 8MFY24.
Under this group, Rice remained the major source of foreign exchange earnings as the export value of the commodity during February 2025 stood at $219.15m marking a decrease of 17.3% MoM and 41.1% YoY.
The export of Oil Seeds, Nuts, and Kernels stood at $13m in February, down 46.9% MoM while up 98% YoY.
Other manufacturers were the third most contributing group in total exports. The export value of this group stood at $320.45m, showing a down of 1.38% compared to $324.95m in February 2024.
On a monthly basis, the exports from the respective group down by 8.38%.
In this group, carpets, rugs, and mats’ foreign earnings were up by 264% YoY to $17.59m in February 2025.
However, when compared with the figure of $18.05m in January 2025, the export carpets, rugs, and mats’ has decreased by 2.5% MoM.
Inflow through the chemical and pharmaceutical products decreased by 3.5% YoY to $115m in February 2025 compared to $119.5m in SPLY.
The data further shows that the share of the Petroleum group and coal in the country’s total export basket was 3.4% in February 2025.
During the review period, the country earned $88.3m from exports of petroleum products, increasing by 105% YoY.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 148,617.78 624.60M | 0.86% 1274.27 |
ALLSHR | 91,685.08 1,340.28M | 0.74% 669.39 |
KSE30 | 45,247.79 197.43M | 0.83% 370.74 |
KMI30 | 212,370.79 224.51M | 1.05% 2209.48 |
KMIALLSHR | 61,227.89 711.87M | 1.18% 715.56 |
BKTi | 41,264.02 160.39M | 0.54% 221.73 |
OGTi | 30,019.10 23.63M | 0.64% 190.41 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,265.00 | 113,390.00 108,020.00 | -4475.00 -3.97% |
BRENT CRUDE | 67.46 | 67.94 67.29 | -0.52 -0.76% |
RICHARDS BAY COAL MONTHLY | 92.00 | 0.00 0.00 | 2.10 2.34% |
ROTTERDAM COAL MONTHLY | 99.60 | 0.00 0.00 | 0.05 0.05% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 64.01 | 64.55 63.88 | -0.59 -0.91% |
SUGAR #11 WORLD | 16.34 | 16.52 16.33 | -0.14 -0.85% |
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 |
---|