i ECONOMY
Textile exports increase by 4.18% in two months, 7.7% in AugustBreaking
September 16, 2022
The exports of textile commodities increased by 4.18 percent during the first two months of the current fiscal year as compared to the corresponding month of last year. The textile exports were recorded at $3,056.387 million in July-August (FY2022-23) against the exports of $2,933.739 million in July-August (FY2021-22), showing growth of 4.18 percent, according to the latest data released by Pakistan Bureau of Statistics (PBS) on Thursday. The textile commodities that contributed in trade growth included raw cotton the exports of which increased by 100 to $5.563 million during the period. The other commodities that witnessed growth in trade included cotton cloth year, the exports of which grew by 2.65 percent to $377.374 million from $367.624 million and knit wear the trade of which increased by 16.95 percent, from $756.522 million to $884.759 million.
Likewise, the exports of tents, canvas and tarpaulin increased by 56.82, from $12.250 million to $19.210 million, readymade garments by 8.49 percent, from $584.941 million to $634.596 million and art, silk and synthetic textile by 2.43 percent from 69.202 million to $70.887 million. The textile commodities that witnessed negative growth in trade included cotton yarn, the exports of which declined by 17.03 percent, from $193.389 million to $160.453 million. The exports of cotton (carded or combed) declined by 89.61 percent, from $0.770 million to $0.080 million, yarn (other than cotton yarn) by 0.81 percent, from $7.770 million to $7.707 million, bedwear by 3 percent from $528.109 million to $512.291 million, towels by 6.61 percent, from $160.614 million to $150.001 million, madeup articles (excluding towels, bedwear) by 13.63 percent, from $133.356 million to $115.183 million while the exports of all other textile materials went down by 0.76 percent, from $119.192 million to $118.283 million.
Credit: Independent News Pakistan-INP