INP-WealthPk

Pakistan’s Leather Goods Exports Post Modest Growth

May 09, 2022

By Irfan Ahmed ISLAMABAD, May 09 (INP-WealthPK): Pakistan’s exports of leather-made products jumped by 8.5% during the first nine months of the current fiscal year 2021-22 compared to the corresponding period of last year, reports WealthPK, quoting the latest data of Pakistan Bureau of Statistics (PBS). As per PBS data, the leather products exports were recorded at $464 million in July-March 2021-22 against the exports of $428 million in July-March 2020-21. [caption id="attachment_66648" align="aligncenter" width="696"] Source: PBS website/WealthPk research[/caption] The leather commodities that contributed to trade growth included leather garments, the exports of which increased by 7.95% from $219.592 million last year to $237.055 million this year. Likewise, exports of leather gloves increased by 8.74% from $195.870 million to $212.987 million, and other leather products increased by 13.08% from $12.261 million last year to $13.865 million this year. Meanwhile, leather commodities exports decreased by 9.12% in March 2022 compared to the same month of last year. The exports in March 2022 were recorded at $41.528 million against exports of $45.696 million in March 2021. Exports of leather gloves decreased by 11.84% from $24.584 million to $21.674 million, while exports of other leather products increased by 2.74% from $1.313 million last year to $1.349 million this year. Leather garments exports decreased by 6.54% from $19.799 million last year to $18.505 million this year. Exports of leather goods witnessed a decrease of 18.74% in March 2022 compared to exports of $51.107 million in February 2022. Exports of leather gloves decreased by 18.08% to $21.674 million in March 2022 compared to exports of $26,458 million in February 2022. Likewise, exports of leather garments decreased by 20.77% from $23.355 million to $18.505 million, while exports of other leather products increased by 4.30% from $1.293 million in February 2022 to $1.349 million in March 2022. The country’s overall textile exports increased by 25.43% during the first nine months of the current fiscal year (2021-22) compared to last year's corresponding period, reports WealthPK. Textile exports were recorded at $14.243 billion in July-March 2021-22 against exports of $11.355 billion in July-March 2020-21. The top export destinations of leather produced in Pakistan are Germany, Italy, the United States, the Netherlands and the United Kingdom. Pakistan’s leather and leather goods industry is one of the three most important export sectors, generating 4% of export revenues and providing jobs to hundreds of thousands of people.