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

21 Jul '21
2 min read
Pic: Sorbis / Shutterstock.com
Pic: Sorbis / Shutterstock.com

The value of textile and garment exports from Pakistan increased by 22.94 per cent year-on-year in dollar terms in fiscal 2020-21 that ended on June 30. During the period, Pakistan earned $15.400 billion from textile and apparel exports, compared to exports of $12.526 billion in July-June 2019-20, according to data from Pakistan Bureau of Statistics.

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)

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