Pakistan’s textile exports reached $10,039.743 million during the first seven months (July-Jan) of the Fiscal Year 22-23, reports WealthPK. According to the Pakistan Bureau of Statistics (PBS), textile exports during the period declined 8.17 percent from $10,933.059 million during the same period of last year (July-January 2021-22).

The products that witnessed a positive growth during July-January (2022-23) compared to the corresponding period of last year included raw cotton. Cotton exports grew by 134.77 percent from $5.233 million to $12.286 million. The exports of tents, canvas and tarpaulins also went up by 13.44 percent from $65.339 million to $74.122 million. The goods that witnessed a negative growth in trade included cotton yarn, the exports of which declined by 34.66 percent from $687.857 million to $449.419 million.

Likewise, the exports of cotton cloth decreased by 9.34 percent from $1,351.532 million to $1,225.348 million; cotton (carded or combed) by 41.18 percent from $1.610 million to $0.947 million, yarn (other than cotton yarn) by 23.15 percent from $34.031 million to $26.154 million, knit-wear by 2.93 percent from $2,887.880 million to $2,803.298 million, bedwear by 14.81 percent from $1,924.030 million to $1,639.103 million and towels by 5.29 percent from $615.355- million to $582.833 million.

Likewise, the exports of readymade garments decreased by 1.71 percent from $2,162.627 million to $2,125.698 million; art, silk and synthetic textile by 8.88 percent from $262.519 million to $239.208 million; made-up articles (excluding towels, bedwear) by 11.41 percent from $491.091 million to $435.050 million, while the exports of all other textile materials went down by 3.98 percent from $443.955 million to $426.276 million. Meanwhile, on a year-on-year (YoY) basis, the exports of textile goods declined by 14.83 percent in January 2023 to $1,321.768 million as against $1,551.890 million in January 2022.

Credit: Independent News Pakistan-WealthPk