Textile exports rise 5.55% to $1.47bn in Dec

January 21, 2025 (MLN): The country's total textile exports increased by 5.55% to $1.47 billion in December compared to $1.4bn in the same month last year, data released by the Pakistan Bureau of Statistics (PBS) showed.

Likewise, on a month-on-month basis, the exports of the same group registered an increase of 1.11% compared to exports worth $1.46bn in November.

Cumulatively in 6MFY25, the textile exports increased by 9.67% to $9.08bn compared to $8.28bn in 6MFY24.

The total exports as per BOP for December clocked in at $2.91bn, up by 3.42% compared to $2.82bn in December 2023. Likewise, on a monthly basis, exports up by 3.04%.

In December 2024, Textile Group products remained the major exportable goods for Pakistan as this group accounted for 50.61% of the total exports.

During the review month, key contributing products under the textile head were Knitwear ($391.7 million), Readymade Garments ($357.14mn), and Bed Wear ($256.19mn).

Knitwear exports rose by 6.81%, Readymade Garments exports increased by 19.64%, and the inflow of foreign currency through Bed Wear moved up by 13.19%.

The food group remained the second most contributing group in total exports. The export value of this group stood at $804.85mn, showing a decline of 4.23% compared to $840.42mn in December 2023.

On a monthly basis, the exports from the respective group rose by 1.88% compared to $790mn in November 2024.

Collectively in 6MFY25, the earnings from food group exports increased by 13.83% to $3.95bn compared to $3.47bn in 6MFY24.

Under this group, Rice remained the major source of foreign exchange earnings as the export value of the commodity during December 2024 stood at $359.78mn marking an decrease of 16.6% MoM and 30.63% YoY.

The export of Oil Seeds, Nuts, and Kernels stood at $41.26mn in December, down 22.41% MoM while up 203% YoY.

Other manufactures was the third most contributing group in total exports. The export value of this group stood at $391.25mn, showing an expansion of 20.56% compared to $324.52mn in December 2023.

On a monthly basis, the exports from the respective group inched up by 19.09%.

In this group, carpets, rugs, and mats’ foreign earnings up by 25.19% YoY to $5.32mn in December 2024.

However, when compared with the figure of $5.84mn in November 2024, the export carpets, rugs, and mats’ has decreased by 8.88% MoM.

Inflow through the chemical and pharmaceutical products increased by 31.2% YoY to $152.79mn in December 2024 compared to $116.45mn in SPLY.

The data further shows that the share of the Petroleum group and coal in the country’s total export basket was only 1.19% in December 2024.

During the review period, the country earned $34.94mn from exports of petroleum products, decreasing by 17.88% YoY.

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