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Yarn trade up by 14.42% to $29.581m: Textile exports increase by 0.47% to $9.179 billion in July-Feb

byCustoms Today Report
25/03/2015
in Business
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LAHORE: The textile exports have surged by 0.47 per cent to $9.179 billion during the first eight months (July-February) of ongoing financial year against the exports of $ 9.136 billion during the same period of 2013-14.

According to Pakistan Bureau of Statistics (PBS), the textile industry witnessed increase in yarn trade other than cotton yarn export of which increased by 14.42 percent, by going up from $ 25.854 million last year to $29.581 million this year.

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Exports of knitwear also increased by 9.48 percent from $ 1.482 billion last year to $ 1.622 billion this year while the exports of towels increased by 3.22 percent from $ 494.32 million to $ 510.229 million.

The PBS data shows that cotton carded or combed during the period under review increased by 3.35 percent to $ 6.177 million from $ 5.977 million during last year.

Similarly, the exports of tents, canvas and tarpaulin also surged by 89.74 percent from $ 52.237 million during July-February 2013-14 to $ 99.114 million during July-February 2014-15, whereas the exports of readymade garments increased by 10.54 percent from $ 1.252 billion to $ 1.384 billion.

The products that witnessed negative growth in exports included raw cotton exports of which declined by 14.56 percent, from $ 163.093 million to $ 139.341 million.

The exports of cotton yarn decreased from $ 1.394 billion to $ 1.327 billion, showing a decrease of 4.76 per cent while exports of cotton cloth decreased from $ 1.879 billion to $ 1.647 billion, showing decrease of 12.35 percent.

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