ISLAMABAD: Pakistan’s textile exports have surged by one percent to $8.096 billion during the first 7 months (July-January) of ongoing financial year (2014-15) against $8.016 billion exports of same period of last year.
According to Pakistan Bureau of Statistics (PBS), the textile products that witnessed increase in trade included yarn other than cotton yarn export of which increased by 24.86 percent, by going up from $20.987 million this year. Exports of knitwear also increased by 10.19 percent from $1.306 billion last year to $1.44 billion this year while the exports of bed wear increased by 0.08 percent from $1.254 billion to $1.255 billion.
According to PBS data, towels during the period under review increased by 4.81 percent to $449.287 million from $428.687 million during last year. The exports of tents, canvas and tarpaulin also surged by 101.71 percent from $46.386 million during July-January 2013-14 to $93.565 million during July-January 2014-15, whereas the exports of ready made garments increased by 10.53 percent from $1.097 billion to $1.212 billion.
Similarly the exports of art, silk and synthetic textile increased by 3.9 percent from $209.388 million last year to $217.564 million this year. Made-up articles’ exports also increased by 2.41 percent from $372.394 million last year to $381.385 million this year while the exports of other textile materials increased by 11.25 percent from $256.89 million last year to $285.779 million this year.
The products that witnessed negative growth in exports included raw cotton exports of which declined by 13.92 percent, from $154.052 million to $132.615 million. The exports of cotton yarn decreased from $1.224 billion to $ 1.154 billion, showing a decrease of 5.71 percent while exports of cotton cloth decreased from $1.639 billion to $1.444 billion, showing decrease of 11.87 percent.
