LAHORE: The country’s textile exports have further decreased by 5 percent to $1.02 billion, whereas the value added shipments declined by 9 percent to $597 million in February 2016.
The knitwear and readymade garment’s shipments fell by 16 percent and 10 percent MoM, respectively. Although average realised prices remained stable around Dec 2015, volumes slipped by 16 percent and 11 percent for knitwear and readymade garments, respectively.
However, basic textiles increased by 3 percent MoM, as yarn exports recovered 20 percent MoM to $106m. On YoY basis, yarn exports plunged by 38 percent during Feb 2016. Local supply-side factors coupled with international demand-side factors took a toll on textile exports.
