Textile exports rise to record high of $1.7bn in November

News Image

By MG News | December 19, 2021 at 01:37 PM GMT+05:00

0:00

December 19, 2021 (MLN): Continuing its winning streak, Pakistan’s textile exports touched a historic high level of $1.74 billion during November 2021, depicting an upsurge of 35% YoY and 8.5% MoM. This takes the total textile exports during the first five-month of the current fiscal year i.e., July-Nov FY22 to $7.76bn, up by 28.4% YoY, showed data released by the Pakistan Bureau of Statistics (PBS).

The significant year-on-year increase in the said exports is due to the global textile dynamics that favours Pakistan amid competitive pricing made possible by extended government incentives, a brewing trade war between US and China, and continued rerouting of orders from other competitive economies due to supply disruptions.  

In the value-added segment, knitwear, bed-wear, readymade garments and towels registered an upsurge of 41%, 32%, 27% and 32.5% to $458mn, $315mn, $328mn and $105mn, respectively during Nov’21 compared to the corresponding period last year.  

During 5MFY22, the YoY rise in textile exports is a testament to the strong demand for Pakistan’s textiles in the global market, despite the resumption of economic activities in competing countries,

On the import front, the textile group saw a 35% YoY and 11% MoM increase during the month of Nov’21 to stand at $428mn. In absolute terms, the import of raw cotton was $178mn in Nov’21 against $85.09mn recorded in Nov’20.

Cumulatively, during July-Nov FY22, the imports of textile commodities stood at $2bn, up by 58% YoY.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,760.00 108,105.00
107,505.00
-475.00
-0.44%
BRENT CRUDE 66.41 66.63
66.34
-0.33
-0.49%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.75 65.02
64.67
-0.36
-0.55%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

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