Pakistan's textile & apparel exports up 17.35% in July-April FY21

25 May '21

2 min read

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The value of textile and garment exports from Pakistan increased by 17.35 per cent year-on-year in dollar terms in the first ten months of fiscal 2020-21 that began on July 1. During the ten-month period, Pakistan earned $12.692 billion from textile and apparel exports, compared to exports of $10.816 billion in July-April 2019-20, according to data from Pakistan Bureau of Statistics.

Category-wise, knitwear exports rose by a sharp 30.69 per cent year-on-year to $3.126 billion during the ten-month period ending March 31, 2021, while exports of non-knit readymade garments were up 12.56 per cent to $2.512 billion.

Among textiles, cotton yarn exports decreased by 4.03 per cent to $823.948 million in July-April 2020-21, as against exports of $858.580 million made during the corresponding period of 2019-20. Exports of cotton fabric also declined by 1.24 per cent and were valued at $1.581 billion during the period under discussion.

Bedwear exports, on the other hand, increased by 24.66 per cent to $2.291 billion, the data showed.

On the import side, synthetic fibre imports increased 32.72 per cent year-on-year to $501.530 million, while imports of synthetic and artificial silk yarn rose 24.17 per cent to $566.551 million during the period under review. Meanwhile, the value of textile machinery imports by Pakistan increased by 13.90 per cent year-on-year to $433.232 million during the ten-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.

Fibre2Fashion News Desk (RKS)

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