Textile exports rise 9.6% to $1.44bn in Dec

January 17, 2025 (MLN): The country's total textile exports increased by 9.6% to $1.44 billion in December compared to $1.32bn 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 4.2% compared to exports worth $1.38bn in December.

Cumulatively in 6MFY25, the textile exports increased by 5.24% to $8.64bn compared to $8.21bn in 6MFY24.

The total exports as per BOP for December clocked in at $3.05bn, up by 9.78% compared to $2.78bn in December 2023 Likewise, on a monthly basis, exports rose by 11.24%.

In December 2024, Textile Group products remained the major exportable goods for Pakistan as this group accounted for 47.4% of the total exports.

During the review month, key contributing products under the textile head were Knitwear ($358.95mn), Readymade Garments ($321.19mn), and Bed Wear ($274.6mn).

Knitwear exports rose by 7.53% YoY, Readymade Garments exports increased by 21.4%, and the inflow of foreign currency through Bed Wear moved up by 12%.

The food group remained the second most contributing group in total exports. The export value of this group stood at $694.32mn, showing a decline of 10.1% compared to $772.8mn in December 2023. On a monthly basis, the exports from the respective group fell by 3.1% compared to $716.52mn in November 2024.

Collectively in 6MFY25, the earnings from food group exports increased by 5.91% to $3.56bn compared to $3.36bn 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 $331.27mn marking an decrease of 5.19% MoM and 29.1% YoY.

The export of sugar stood at $104.3mn in December, up 0.7% MoM.

Other manufactures was the third most contributing group in total exports. The export value of this group stood at $329.35mn, showing an expansion of 0.2% compared to $328.7mn in December 2023. On a monthly basis, the exports from the respective group down by 1.25%.

In this group, leather manufactures foreign earnings increased by 0.9% YoY to $52.2mn in December 2024.

Inflow through the chemical and pharmaceutical products fell by 17.12% YoY to $100.3mn in December 2024 compared to $121.1mn in SPLY.

However, when compared with the figure of $49.1mn in November 2024, the export of leather manufactures has increased by 6.26% MoM.

The data further shows that the share of the Petroleum group and coal in the country’s total export basket was only 1.68% in December 2024.

During the review period, the country earned $51.53mn from exports of petroleum products, increasing by 11.14% YoY.

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