The exports of textile commodities witnessed an increase of 22.94 percent during the fiscal year 2020-21 as compared to the corresponding period of last year and surged by 73.08 percent on year-on-year basis.

Textile exports were recorded at USD 15400.142 million in July-June (2020-21) against the exports of USD 12,526.537 million in July-June (2019-20), showing growth of 22.94 percent, according to latest data of Pakistan Bureau of Statistics (PBS) released here Monday.

 

The textile commodities that contributed in trade growth included knitwear, exports of which increased from USD 2,794.363 million last year to USD 3,816.156 million during the fiscal year under review, showing growth of 36.57 percent.

 

Likewise, the exports of yarn other than cotton yarn increased by 29.62 percent, from USD 25.743 million to USD 33.369 million whereas, exports of bed wear increased by 28.87 percent from USD 2,150.833 million to USD 2,771.789 million.

 

The exports of towels increased by 31.81 percent, from USD 711.265 million to USD 937.536 million; exports of tents, canvas and tarpaulin grew by 12.10 percent, from USD 98.472 million to USD 110.387 million; readymade garments by 18.83 percent, from USD 2,552.246 million to USD 3,032.800 million; made-up articles, excluding towels and bead-wear by 28.08 percent, from USD 590.507 million to USD 756.35 million while the exports of art, silk and synthetic textile increased from USD 314.772 to USD 370.421 million, showing growth of 17.68 percent, cotton (carded or combed) by 3.17 percent, from USD 0.063 million to USD 0.065.

 

The exports of cotton cloth also increased by 4.98 percent, from USD 1,829.901 million to USD 1,921.001 million. Meanwhile, the commodities that witnessed negative growth in trade included raw cotton, exports of which decreased by 95.27 percent, from USD 17.002 million to USD 0.804 million. The exports of all other textile materials also increased by 38.56 percent, from USD 456.469 million to USD 632.495 million, the PBS data revealed.

 

Meanwhile, on year-on-year basis, the textile exports increased by 73.08 percent during the month of June 2021 as compared to the same month of last year. The exports during June 2021 were recorded at USD 1,660.040 million against the exports of USD 959.137 million during June 2020. On month-on-month basis, the exports from the country also rose by 57.81 percent during June 2021 when compared to the exports of USD 1,051.933 million in May 2021.

 

Source: dailytimes.com.pk