Cotton yarn exports declined 1.69pc during FY 2016-17

0
75

Islamabad: According to data compiled by Pakistan Bureau of Statistics (PBS), cotton yarn exports from the country during the financial year 2016-17 decreased by 1.69 percent as compared to exports from last year.

Cotton yarn worth $1.243 billion was exported for the FY 2016-17 ended June 30, 2017. During the period from July-June 2016-17, about 455,345 metric tons of cotton yarn worth $1.243 billion exported as compared to exports of 423,624 metric tons valuing $1.264 billion during same period in FY 2015-16.

During last financial year, the country earned $12.565 million by exporting the yarn other than cotton as against the earning of $32.751 million of same period last year.

About 8,769 metric tons of yarn other than cotton exported in 12 months of previous year as compared the exports of 12,565 metric tons.

Meanwhile, country earned $42.825 million by exporting 24,976 metric tons of raw cotton as against the 49,315 metric tons valuing $76.631 million of same period last year.

In financial year 2016-17, exports of cotton carded or combed grew by 62.7 percent as cotton combed worth $235,000 exported as compared the exports of $145,000 of same period last year.

It may be recalled here that during last financial year textile group exports recorded 0.4 percent growth as compared to same period of last year.

Textile goods worth $12.452 billion were exported in 12 months of financial year 2016-17 as compared to exports of $12.447 billion of same period last year.