Overall textile exports witness 9% decline in July-Dec

ISLAMABAD: The country’s overall textile exports witnessed 9 per cent decrease during July-December 2015.

According to official data, the raw cotton exports were recorded 72 million during the corresponding period, as compared to 114 million in previous year, with a decline of 37 percent. Cotton yarn showed a 30 percent decline as its exports in second half of 2015 fell to 698 million from 992 million in 2014.

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Cotton cloth exports remained 1,110 million as compare to 1,237 million previous year, a decline of 10 percent. Knitwear garments exports were 1,199 million in July-December 2015 as compare to 1,236 million in July-December 2014.

However, readymade garments and towels showed a slight increase as their exports in July-December 2015 were 1,044 as compare to 1,006 in same period of 2014, an increase of 4 percent. Towels showed an improvement of 5 percent as its exports in last six months of 2015 jumped to 398 from 390 million in 2014 same period.