The current fiscal year as compared to the corresponding period of last year the exports of textile commodities witnessed an increase of 6.69 per cent during the first eight months of the current fiscal year as compared to the corresponding period of last year.
The textile exports were recorded at $9,999.770 million in July-February (2020-21) against the exports of $9,372.819 million in July-January (2019-20), showing growth of 6.69 per cent.
The growth of 18.04 per cent in the textile commodities that contributed in trade growth included knitwear, exports of which increased from $2090.039 million last year to $2467.006 million during the current year.
Similarly, the exports of yarn (other than cotton yarn) increased by 7.70 per cent, from $18.879 million to $20.333 million whereas, exports of bed wear increased by 13.71 per cent from $1597.868 million to $1816.882 million.
The exports of towels increased by 16.31 per cent, from $525.048 million to $610.684 million; exports of tents, canvas and tarpaulin grew by 33.27 per cent, from $61.704 million to $82.230 million; readymade garments by 2.56 per cent, from $1961.293 million to $2011.505 million; made up articles, excluding towels and beadwear by 15.14 per cent, from $439.460 million to $505.986 million.
At the same time, the commodities that witnessed negative growth in trade included raw cotton, exports of which decreased by 96.47 per cent, from $16.797 million to $0.593 million; cotton yarn decreased by 17.73 per cent, from $737.417 million to $606.685 million whereas the exports of cotton cloth also decreased by 10.37 per cent, from $1378.220 million to $1235.298 million.
On the basis of year-on-year, the textile exports decreased by 3.12 per cent during the month of February 2021 as compared to the same month of last year. The exports during February 2021 were recorded at $1234.031 million against the exports of $1273.745 million.
On the basis of month-to-month, the exports from the country witnessed a decrease of 6.75 per cent during February 2021 when compared to the exports of $1323.324 million in January 2021.
The overall merchandise exports from the country increased by 4.29 per cent during the first eight months of the current fiscal year, as compared to the corresponding period of last year.
The exports of the country during July-February (2020-21) were recorded at $16.304 billion against the exports of $15.633 billion during July-February (2019-20), according to the latest PBS data. The imports during the period under review also increased by 7.49 per cent by growing from $31.483 billion last year to $33.840 billion during the first eight months of current fiscal year.
The country’s trade deficit increased by 10.64 per cent during the first eight months as compared to the corresponding period of last year according to the figures. The trade deficit during the period was recorded at $17.536 billion against the deficit of $15.850 billion last year.
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