Textile exports witness 3.72pc growth in two months

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ISLAMABAD: Textile group exports from the country during the first two months of the current financial year (July-August) grew by 3.71 per cent as compared to the corresponding period last year.

During the period from July-August, 2018 textile products worth $2.280 billion were exported as compared to the exports of $2.179 billion in the same period of last year, according to the latest data released by the Pakistan Bureau of Statistics on Wednesday.

On a month-on-month basis, the textile group exports from the country witnessed 7.33 per cent growth in August this year as compared the same month last year. During the period under review, the country earned $1.258 billion by exporting the textile products as against the $1.172 billion in the same month last year, it added.

In first two months, the textile products that recorded positive growth in their exports included cotton yarn by 6.52 per cent, yarn other than cotton by 2.84 per cent, knitwear by 11.29 per cent, bedwear by 2.72 per cent and towels by 7.02 per cent respectively.

Textile items with negative growth in their exports during the period under review included raw cotton by 62.14 per cent, cotton cloth by 0.69 per cent, and other textile products by 13.13 per cent respectively.

From July-August 2018, about 79,733 metric tonnes of cotton yarn, valuing $224.145 million, were exported as against the exports of 81,064 metric tonnes, worth $210.418 million, in the same period of last year.

About 1,988 metric tonnes of yarn other than cotton yarn, valuing $5.065 million, were exported during the period under review as compared the exports of 1,725 metric tonnes, worth $ 4.925 million, in the same period of last year, the data revealed.

The country exported about 21,440,000 dozen of knitwear worth $488.815 million in first two months of the current financial year as compared the exports of 16,992,000 dozen valuing $439.224 million in the same period last year.

Meanwhile, 7,450,000 dozen of readymade garments valuing $435.425 million during the period under review as compared the exports of 6,108,000 dozens worth $418 million of the same period of last year.

During the period under review, exports of raw cotton came down from $8.695 million in July-August, 2017, to $3.292 million in the same months of the current financial year, recording a decrease of 62.14 per cent.

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