The value of textile and garment exports from Pakistan increased by 28.41 per cent year-on-year in dollar terms in the first five months of fiscal 2021-22. During the period, Pakistan earned $7.758 billion from textile and apparel exports, compared to exports of $6.041 billion in July-November 2020, according to data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 36.62 per cent year-on-year to $2.059 billion during the five-month period, while exports of non-knit readymade garments were up 23.38 per cent to $1.48 billion.
Among textiles, cotton yarn exports increased by 65.45 per cent to $503.897 million in July-November 2021, as against exports of $304.553 million made during the corresponding period of 2020. Exports of cotton fabric also rose by 22.30 per cent and were valued at $945.561 million during the period under review.
The value of textile and garment exports from Pakistan increased by 28.41 per cent year-on-year in dollar terms in the first five months of fiscal 2021-22. During the period, Pakistan earned $7.758 billion from textile and apparel exports, compared to exports of $6.041 billion in July-November 2020, according to data from Pakistan Bureau of Statistics.
Bedwear exports jumped by 23.55 per cent to $1.406 billion during the five-month period, the data showed.
On the expenditure side, synthetic fibre imports shot up by 53.64 per cent year-on-year to $361.084 million, while imports of synthetic and artificial silk yarn rose 34.80 per cent to $344.121 million during July-November this year.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 97.93 per cent year-on-year to $361.737 million during the five-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.
Fibre2Fashion News Desk (RKS)
