Exports of ready-made garments grew 15.65pc during first two months of FY 2017-18

Islamabad: The exports of ready-made garments from the country during first two months of current financial year increased by 15.65 percent compared to exports in same period last year (SPLY).

During the period from July-August 2017, around 6,326 dozen of readymade garments worth US$ 418.631 million exported as compared to exports of 5,217 thousand dozen valuing US$ 361.971 million in SPLY.

Meanwhile, exports of knitwear grew by 7.53 percent as about 20,334 thousand dozen of knitwear valuing $439.258 million were exported during the period under review as compared to exports of 17,776 thousand dozen worth of $408.495 million in SPLY, according to data available from Pakistan Bureau of Statistics.

Around 61,840 square meters of bedwear valuing US$ 384.321 million were exported in first two months of current financial year as compared the exports of 59,812 square meters of bedwear worth $355.554 million of same period last year, it added.

During the period under review, exports of bedwear increased by 8.09 percent as compared to exports in SPLY, the data added. However, exports of towel witnessed decrease of 0.67 percent as it went down from 27,372 metric tons in first two months of last year to 25,939 metric tons in same period of current financial year.

Towels worth $116.782 million were exported during first two months of current financial year as compared to exports of $117.574 million in SPLY. On the other hand, exports of textile group increased by 5.81 percent in first two-months of current financial year and was recorded at $2.179 billion as compared to exports of $2.059 billion in SPLY.

The exports of raw cotton for first two-months was recorded at 5,225 metric tons worth $8.697 million as compared to exports of $10.197 million in SPLY. For first two-months, exports of other textile materials grew by 13.29 percent as above mention products worth $75.744 million exported as compared to exports of $66.85 million in SPLY.

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