Islamabad September 18 2024: Pakistan Textile exports witnessed an increase of 5.37 per cent during the first two months of the current financial year (2024-25) as compared to the same months of last year.
The textile exports from the country were recorded at USD 2,915.453 million during July-August (2024-25) against the exports of USD 2,766.870 million during July-August (2023-24), the Pakistan Bureau of Statistics (PBS) reported on Monday.
The textile commodities that contributed in trade growth included cotton cloth the export of which increased by 7.23 percent to USD 322.654 million from USD 300.913 million while the export of knitwear surged by 7.15 percent to USD 820.585 million from USD 765.797 million.
The other commodities that witnessed growth in trade included bed wear, the export of which rose by 7.61 percent to USD 504.753 million from USD 469.049 million, towels increased by 6.87 percent to USD 170.766 million from USD 159.784 million, tents, canvas and tarpaulin up by 3.49 percent to USD 19.577 million this year compared to the exports of USD 18.916 million last year.
Similarly, the export of readymade garments grew by 17.85 percent to USD 658.499 million from USD 558.748 million, art, silk and synthetic textile rose by 11.15 percent to USD 61.244 million, made up articles (excl. towels and bed wear) increased by 5.10 percent to USD 119.386 million from USD 113.089 million while the export of other textile materials surged by 7.42 percent to USD 121.449 million from USD 113.058 million.
The textile commodities that witnessed negative growth in trade included cotton yarn, the exports of which declined by 45.21 percent, from USD 201.837 million to USD 110.588 million whereas the export of raw cotton dipped by 100 percent from 3.073 million to zero export during the months under review.
Likewise, the export of yarn other than cotton yarn also dipped by 10.54 percent from USD 6.653 million to USD 5.952 million.
Meanwhile, year-on-year basis, the exports of textile witnessed an increase of 12.99 per cent during the month of August 2024 as compared to the same month of last year.
The exports of textile from the country during August 2024 were recorded at USD 1,644.317 million against the exports of USD 1,455.219 million in August 2023.
On month-on-month basis the textile exports from the country also rose by 29.36 percent during the month of August 2024 as compared to the exports of USD 1,271.136 million recorded in July 2024, the PBS data revealed.
