Category-wise, knitwear exports rose 16.95 per cent year-on-year to $884.759 million during the period under review, while exports of non-knit readymade garments were up 8.49 per cent to $634.596 million.
The value of textile and garment exports from Pakistan increased by 4.18 per cent in July-August 2022, the first two months of the new fiscal 2022-23 (July-June). During this period, Pakistan earned $3.056 billion from textile and apparel exports, compared to $2.933 billion in July-August 2021, according to latest data from the Pakistan Bureau of Statistics.
As for textiles, cotton yarn exports decreased by 17.03 per cent to $160.453 million, while exports of cotton fabric rose by 2.65 per cent to reach $377.374 million in July-August 2022. Bedwear exports declined by 3 per cent to $512.291 million during the period, the data showed.
Synthetic fibre imports decreased by 29.15 per cent year-on-year to $115.030 million, while imports of synthetic and artificial silk yarn dropped 24.04 per cent to $117.182 million during the same period.
Meanwhile, the value of textile machinery imports by Pakistan decreased significantly by 35.38 per cent year-on-year to $93.330 million in July-August 2022.
In fiscal 2021-22 ended 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 exports amounted to $12.526 billion.
Fibre2Fashion News Desk (KUL)
