ISLAMABAD: The textile exports from the country decreased by 14.6 per cent to $961 million in November as compared to $1.13 billion of the corresponding month of the previous year.
According to the latest data of Pakistan Bureau of Statistics (PBS), the country’s textile exports stood at $5.2 billion during July-November of the ongoing fiscal year as against $5.7 billion of the same period of last year, showing a decline of 8.4 per cent.
The PBS data showed that export of readymade garments registered a growth of 3.59 per cent during July-November 2015 over a year ago. Similarly, exports of towels recorded growth of 6.1 per cent.
Meanwhile, all other textile goods had registered negative growth including raw cotton 29.52 per cent, cotton yarn 28.01pc, cotton cloth 9.88pc, cotton carded or combed 97.9pc, yarn 24.4pc, knitwear 2.26pc, bed wear 7.36pc, tents, canvas & tarpaulin 45.4pc, art and silk & synthetic textile 21.9 per cent, during July-November 2015 as compare to the same period last year.
According to the PBS data, country’s overall exports came down to $8.5 billion in July-November of the year 2015-2016 from $9.9 billion of the same period of previous year. Meanwhile, imports decreased by 9 per cent to $18.5 billion in July-November 2015-2016 from $20.3 billion of the same period last year. Pakistan’s trade deficit, gap between exports and imports, narrowed to $9.9 billion during five months of the current financial year from $10.4 billion of the corresponding period of previous year with reduction of 4.15 per cent.
