Category-wise, knitwear exports rose 10.75 per cent year-on-year to $434.926 million during the period, while exports of non-knit readymade garments were up 1.14 per cent to $304.575 million.
The value of textile and garment exports from Pakistan increased by mere 0.67 per cent in July 2022, the first month of new fiscal 2022-23 (July-June). During the period, Pakistan earned $1.481 billion from textile and apparel exports, compared to exports of $1.471 billion in July 2021, according to latest data from Pakistan Bureau of Statistics.
Among textiles, cotton yarn exports decreased by 20.59 per cent to $71.364 million in July 2022. Exports of cotton fabric rose by 1.42 per cent and were valued at $181.984 million during the period under review. Bedwear exports declined by 3.55 per cent to $253.991 billion during the period, the data showed.
On the other side, synthetic fibre imports decreased by 35.69 per cent year-on-year to $59.384 million, while imports of synthetic and artificial silk yarn dropped 29.33 per cent to $61.152 million during the same period.
Meanwhile, the value of textile machinery imports by Pakistan decreased significantly by 42.50 per cent year-on-year to $37.473 million in July 2022.
In fiscal 2021-22 ending June 30, textile and garment exports from Pakistan increased by 25.53 per cent to $19.329 billion over $15.399 billion in the previous fiscal. In fiscal 2019-20, the value was $12.526 billion.
Fibre2Fashion News Desk (KUL)
