Textile exports surge 0.4% to $1bn in February

March 17, 2025 (MLN): The country's total textile exports increased by 0.4% to $1.41 billion in February 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 a decrease of 16.2% compared to exports worth $1.69bn in January.

Cumulatively in 8MFY25, the textile exports increased by 9.3% to $12.18bn compared to $11.15bn in 8MFY24.

The total exports as per BOP for February clocked in at $2.49bn, down by 3.5% compared to $2.58bn in February 2024. Likewise, on a monthly basis, exports are down by 15.6%.

In February 2025, Textile group products remained the major exportable goods for Pakistan as this group accounted for 56.7% of the total exports.

During the review month, key contributing products under the textile head were Knitwear ($0.37bn), Readymade Garments ($0.33bn), and Bed Wear ($0.25bn).

Knitwear exports fell by 21.9%, Readymade Garments exports decreased by 17.1%, and the inflow of foreign currency through Bed Wear down by 13.5%.

The food group remained the second most contributing group in total exports.

The export value of this group stood at $0.56bn, showing a decline of 20.2% compared to $0.70bn in February 2024.

On a monthly basis, the exports from the respective group fell by 14.3% compared to $0.65bn in January 2025

Collectively in 8MFY25, the earnings from food group exports increased by 4.2% to $5.17bn compared to $4.97bn 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 $0.29bn marking a decline of 9.4% MoM and 28.1% YoY.

The export of Vegetables stood at $0.06bn in February, up 82.8% MoM and 17.3% YoY.

Other manufactures were the third most contributing group in total exports. The export value of this group stood at $0.32bn, showing an expansion of 2.5% compared to $0.31bn in February 2024.

In this group, chemical and pharmaceutical products’ foreign earnings were up by 5.6% YoY to $0.12bn in February 2025.

However, when compared with the figure of $0.14bn in January 2025, the export of chemical and pharmaceutical products has decreased by 9.4% MoM.

The data further shows that the share of the Petroleum group and coal in the country’s total export basket was 0.77% in February 2025.

During the review period, the country earned $0.02bn from exports of petroleum products, increasing by 48,097.5% YoY.

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