Textile exports increase 3.12pc in July

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ISLAMABAD: The textile exports from the country witnessed an increase of 3.12pc during the first month of the current financial year (July-FY20) as compared to the exports of the corresponding month of last year, the State Bank of Pakistan (SBP) reported.

During the month of July, textile products worth $1.22 billion were exported, as against the exports of $1.18 billion during the same month of last year.

The textile commodities that contributed positively to external trade included knitwear, exports of which grew from $249.076 million last year to $262.453 million during the period under review, an increase of 5.37pc.

The exports of readymade garments increased by 11.06pc, from $218.525 million to $242.714 million, whereas the exports of other textile materials increased by 29.70pc, from $44.436 million to $57.634 million.

The exports of bedwear increased by 6.77pc, from $194.591 million to $207.765 million, while that of art, silk and synthetic textile increased by 9.14pc, from $23.329 million to $25.462 million.

Meanwhile, the textile commodities that witnessed negative growth in July included cotton yarn, exports of which dipped by 8.32pc, from $121.184 million to $111.096 million during July last year.

The exports of cotton cloth decreased from $198.502 million to $197.694 million, whereas the exports of made-up articles decreased from $69.225 million to $51.631 million.

The exports of tents, canvas and tarpaulin dipped from $7.537 million to $4.797 million (36.35pc), while that of yarn other than cotton yarn decreased from $3.450 million last year to $2.927 million (15.15pc).

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