Pakistan’s Textile Export Witnessed a Growth of 8.23% in FY21

During the first seven months of FY21, the textile exports of Pakistani witnessed an increase of 8.23% compared to the same period of FY20. According to the Pakistan Bureau of Statistics (PBS), textile exports were at $8,765.739 million during July-January (2020-21) against the exports of $8099.095 million in July-January (2019-20). According to data, the textile commodities contributing a positive trade included: Knitwear: exports increased from $1831.758 million to $2175.021 million Yarn: exports (other than cotton yarn) increased from $16.286 million to $17.040 million Bed wear: exports increased from $1392.020 to $1613.509 Towels: exports increased from $444.685 million to $533.207 million Tents, canvas, and tarpaulin: exports increased from $49.611 million to $73.897 million Ready-made garments: exports increased from $1680.897 million to $1773.054 million Art, silk, and synthetic textile: exports increased from $199.790 million to $200.687 million Made-up article (excluding towels and bed wear): exports increased from $378.680 million to $446.878 million. On the other hand, the commodities witnessing a negative growth, included: Raw cotton: exports declined from $15.885 million to $0.593 million Cotton yarn: exports declined from $639.770 to $486.426 Cotton cloth: exports declined from $1188.990 million to $1086.333 It is further said that on a year-on-year basis, the textile exports increased by 10.79% during Jan’21. The export value during this period was $1323.324 million. Whereas, on a month-on-month basis, the exports witnessed a dip of 5.54% in Jan’21 compared to the exports of $1400.269 million in Dec’20. Source: https://www.researchsnipers.com/pakistans-textile-export-witnessed-a-growth-of-8-23-in-fy21/