Textile exports up 2.3pc in two months

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ISLAMABAD: The textile group exports from the country during the first two months of the current financial year increased by 2.30pc when compared with the corresponding period of last year.

During the July-August 2019 period, textile products worth $2.303 billion were exported, as against $2.215 billion worth of textile products exported during the same period of last year, according to the data released by the Pakistan Bureau of Statistics on Saturday.

The textile products that witnessed growth in exports during the period under review included raw cotton by 152.33pc, cotton (carded or combed) by 100pc, and yarn (other than cotton) by 44.96pc.

Similarly, the exports of other textile products that registered an increase in their respective exports included knitwear by 12.84pc, bed wear by 1.22pc and readymade garments by 7.47pc.

Meanwhile, the textile group exports that remained negative during the period under review included cotton yarn by 7.76pc, cotton cloth by 6.35pc and towels 0.20pc. The export of other textile materials decreased by 15.46pc.

As per details, the country earned $541.484 million through knitwear exports, as against $479.877 million earned in the same period last year.

About $399.994 million worth of bed wear was exported during the period under review, as against $395.172 million earned during the same period last year.

Likewise, readymade garments worth $476.484 million were exported in the first two months of FY20 (2MFY19 $434.981 million).

On the other hand, the exports of cotton yarn came down from $224.149 million to $206.757 million, cotton cloth from $346.767 million to $324.758 million and other textile materials from $67.636 million to $57.180 million respectively.

It is pertinent to mention that the local exports in dollars terms during the period under review increased by 2.79pc, from $3,651 million to $3,753 million.

Meanwhile, in terms of dollars, the imports during July-August 2019 were recorded at $7,677 million, as against $9,769 million worth of imports during the corresponding period of last year, showing a decrease of 21.41pc.

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