KARACHI: The country’s textile exports increased by 2 per cent to $1.08 billion in April.
According to the Pakistan Bureau of Statistics, the value-added textile segment managed to grow by an impressive 11pc on a year-on-year (YoY) basis to $607mn. The value-added sector benefitted from higher exports of knitwear, bedwear and garments.
During the corresponding month, garment exports rose 15pc to $174m due to a 16pc increase in realised prices, despite a 1pc reduction in volumes. Similarly, knitwear exports went up 9pc to $190.7m as prices rose by 22.6pc.
Meanwhile, bedwear exports jumped 11pc to $177.5m, as a 9.6pc reduction in prices corresponded with a 22.8pc growth in sales volumes.
On the flip side, the basic textile segment continued its poor run and shrank by 9pc YoY to $341m, led by an 8pc decline in cotton yarn exports.
On a sequential basis, textile exports displayed an encouraging growth of 5pc in April, whereas value-added exports went up 10pc. However, basic textile exports shrank 3pc over the previous month.
In the first 10 months of this fiscal, textile exports dropped by 1pc to $11.3 billion over the same period last year. While value-added textile exports grew by 5pc to $6.1 billion, this was offset by a sharp 10pc decline in basic textile exports to $3.8 billion.
