Pakistan's textile & apparel exports surge 22.94% in FY21

Category-wise, knitwear exports rose by a sharp 36.57 per cent year-on-year to $3.816 billion during the twelve-month period, while exports of non-knit readymade garments were up 18.83 per cent to $3.032 billion.

Among textiles, cotton yarn exports increased by 3.26 per cent to $1.016 billion in July-June 2020-21, as against exports of $984.901 million made during the corresponding period of 2019-20. Exports of cotton fabric also rose by 4.98 per cent and were valued at $1.921 billion during the period under discussion.

Bedwear exports jumped by 28.87 per cent to $2.771 billion during the year, the data showed.

On the import side, synthetic fibre imports shot up by 47.19 per cent year-on-year to $629.099 million, while imports of synthetic and artificial silk yarn rose 30.21 per cent to $655.726 million during the period under review.

Meanwhile, the value of textile machinery imports by Pakistan grew by 35.35 per cent year-on-year to $592.076 million during the twelve-month period.

In fiscal 2019-20 ending June 30, textile and garment exports from Pakistan decreased by 6.01 per cent to $12.526 billion over $13.327 billion exports in the previous fiscal, mainly on account of the impact of COVID-19 pandemic.

Fibre2Fashion News Desk (RKS)