Textile exports surge 15.8% to $1.68bn in January

February 18, 2025 (MLN): The country's total textile exports increased by 15.8% to $1.68 billion in January compared to $1.45bn 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 14% compared to exports worth $1.47bn in January.

Cumulatively in 7MFY25, the textile exports increased by 10.6% to $10.7bn compared to $9.73bn in 7MFY24.

The total exports as per BOP for January clocked in at $2.95bn, up by 5.75% compared to $2.79bn in January 2024. Likewise, on a monthly basis, exports are up by 1.44%.

In January 2025, Textile Group products remained the major exportable goods for Pakistan as this group accounted for 57% of the total exports.

During the review month, key contributing products under the textile head were Knitwear ($468.3 million), Readymade Garments ($397mn), and Bed Wear ($288.7mn).

Knitwear exports rose by 19.5%, Readymade Garments exports increased by 11.2%, and the inflow of foreign currency through Bed Wear moved up by 12.7%.

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

The export value of this group stood at $653.6mn, showing a decline of 16.8% compared to $786.18mn in January 2024.

On a monthly basis, the exports from the respective group fell by 18.8% compared to $804.8mn in December 2024.

Collectively in 7MFY25, the earnings from food group exports increased by 8.17% to $4.6bn compared to $4.26bn in 7MFY24.

Under this group, Rice remained the major source of foreign exchange earnings as the export value of the commodity during January 20245 stood at $319mn marking a decrease of 11.3% MoM and 33.2% YoY.

The export of Oil Seeds, Nuts, and Kernels stood at $17mn in January, down 59% MoM while up 45% YoY.

Other manufacturers were the third most contributing group in total exports. The export value of this group stood at $352.6mn, showing an expansion of 18.4% compared to $297.8mn in January 2024.

On a monthly basis, the exports from the respective group down by 9.88%.

In this group, carpets, rugs, and mats’ foreign earnings were up by 7.62% YoY to $3.4mn in January 2025.

However, when compared with the figure of $5.32mn in December 2024, the export carpets, rugs, and mats’ has decreased by 35.9% MoM.

Inflow through the chemical and pharmaceutical products increased by 38.5% YoY to $136mn in January 2025 compared to $98.14mn in SPLY.

The data further shows that the share of the Petroleum group and coal in the country’s total export basket was 2.3% in January 2025.

During the review period, the country earned $67.4mn from exports of petroleum products, decreasing by 2.46% YoY.

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