Textile exports rise 1.19 pc in seven months, 8.16pc in January

ISLAMABAD, Feb 16: The textile group exports from the country increased by 1.19 percent during the first seven months of the current fiscal year as against the exports of the corresponding period of last year.

The exports of textile were recorded at $7.813 billion during July-January (2018-19) against the exports of $7.720 billion during July-January (2017-18), according to data released by Pakistan Bureau of Statistics (PBS) here Saturday.

The products that contributed in positive growth in external trade included knitwear, the exports of which grew by 11.35 percent by going up from $1548.424 million last year to $1724.157 million during
the current fiscal year.

Similarly, bed wear exports increased from $1305.631 million to $1354.570 million, showing growth of 3.75 percent while the exports of readymade garments increased from $1482.560 million in first seven months of previous year to $1516.127 million this year, an increase of 2.26 percent.

During the period under review, the exports of art, silk and synthetic textile increased by 0.52 percent from $172.578 million to $173.479 million while the exports of madeup articles (excluding towels) also increased by 2.23 percent, from $396.946 million to $405,786 million, the PBS data revealed.

On the other hand, the textile products that witnessed negative growth in trade included raw cotton, exports of which declined by 73.71 percent, from $54.958 million last year to $14.450 million during the current fiscal year.

The exports of cotton yarn also decreased by 14.13 percent, from $739.315 million to $634.831 million while the exports of cotton decreased from $1249.276 million last year to $1233.661 million, showing decline of 1.25 percent.

The exports of cotton (carded or combed) witnessed cent percent negative growth in exports as no exports of the commodity were witnessed during the current year compared to the exports of last year.
The exports of yarn (other than cotton yarn) also declined by 0.27 percent, from $17.853 million to $17.805 million, according to the PBS data.

Meanwhile, on year-on-year basis, the textile exports from the country during January 2019 increased by 8.16 percent compared to the same month of last year. The textile exports during January 2019 were recorded at $1167.581 million against the exports of $1079.466 million in January 2018.

On month-on-month basis, the exports in January 2019 witnessed increase of 2.46 percent when compared to the exports of $1139.511 million in December 2018.

(APP)