The value of textile and garment exports from Pakistan increased by 28.26 per cent year-on-year in dollar terms in the first eleven months of fiscal 2021-22. During the period, Pakistan earned $17.623 billion from textile and apparel exports, compared to exports of $13.740 billion in July-May 2020-21, according to data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 36.44 per cent year-on-year to $4.646 billion during the eleven-month period, while exports of non-knit readymade garments were up 30.63 per cent to $3.535 billion.
The value of textile and garment exports from Pakistan increased by 28.26 per cent year-on-year in dollar terms in the first eleven months of fiscal 2021-22. During the period, Pakistan earned $17.623 billion from textile and apparel exports, compared to exports of $13.740 billion in July-May 2020-21, according to data from Pakistan Bureau of Statistics.
Among textiles, cotton yarn exports increased by 24.18 per cent to $1112.713 million in July-May 2021-22, as against exports of $896.039 million made during the corresponding period of 2020-21. Exports of cotton fabric also rose by 30.34 per cent and were valued at $2.236 billion during the period under review.
Bedwear exports jumped by 21.68 per cent to $3.008 billion during the eleven-month period, the data showed.
On the other side, synthetic fibre imports shot up 19.29 per cent year-on-year to $686.668 million, while imports of synthetic and artificial silk yarn rose 28.80 per cent to $801.459 million during July-May 2021-22.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 47.24 per cent year-on-year to $722.605 million during the eleven-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.
The impressive growth in textile related exports and imports shows fast recovery after the COVID-19 pandemic.
Fibre2Fashion News Desk (KUL)
