Textile exports up 3pc to $3.37bn in Q1 FY20

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ISLAMABAD: Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the corresponding period of the last fiscal year.

The textile exports during the period under review were recorded at $3,371.974 million as against the exports of $3,275.303 million during July-September 2018-19, according to latest data by the Pakistan Bureau of Statistics (PBS).

The textile commodities that contributed to the positive growth included raw cotton, exports of which grew by 53.65pc, from $7.047 million to $10.828 million.

Similarly, the exports of yarn (other than cotton yarn) increased by 21.95pc, from $7.759 million last year to $9.462 million, while that of knitwear surged by 11.14pc, from $701.393 million to $779.548 million.

Bed wear exports increased 2.84pc, from $583.949 million to $600.562 million; exports of readymade garments registered 11.49pc growth, from $598.612 million to $667.361 million; exports of art, silk and synthetic textile increased by 8.37pc, from $72.568 million to $78.641 million; while the exports of cotton (carded or combed) witnessed a cent per cent increase and amounted $0.032 million during the period under review.

On the other hand, the products that witnessed a decrease in exports included cotton yarn (-6.19pc), from $313.707 million to $294.280 million.

Likewise, the exports of cotton cloth declined by 5.6pc, from $529.053 million to $499.419 million; towel exports decreased by 2.31pc, from $184.431 million to $180.169 million; exports of tents, canvas and tarpaulin exports dipped by 5.74pc, from $16.717 million to $15.758 million; exports of made-up articles (excluding towels bed wear) reduced by 6.58pc, from $160.152 million to $149.613 million; while that of other textile materials decreased by 13.63pc, from $99.915 million to $86.301 million.

On a year-on-year basis, the export of textile group increased by 4.38pc during the month of September 2019, as against September 2018. The textile exports during September 2019 were recorded at 1.06 billion as against the exports of $1.02 billion.

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