Readymade garments worth $488.81m exported in two months

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ISLAMABAD: Pakistan exported about 21,440,000 dozen of knitwear worth $488.815 million in first two months of the current financial year as compared to the exports of 16,992,000 dozen worth $439.224 million in the corresponding period of last year.

During the period from July-August, 2018, the exports of knitwear grew by 11.29 per cent as compared the exports of the same period of the last year, said the data released by the Pakistan Bureau of Statistics.

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

The textile group exports from the country during the first two months of the current financial year grew by 3.71 per cent as compared the corresponding period of the last year. The textile products worth $2.280 billion were exported in the year under review as compared the exports of $2.179 billion in the same period last year.

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. As many as 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.

However, 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, recorded decrease of 62.14 percent.

The exports of cotton cloth also reduced from 345,229,000 square meters, valued at $346.780 million, which were recorded at 328,741 thousand square meters worth $349.197 million during the same period of last year, it added.

In first two months, the textile products which 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.

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