The exports of textile commodities surged by 24.73 percent during the first seven months of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.<\/p>\n
The textile exports were recorded at $10,933.446 million in July-January (2021-22) against the exports of $8,765.883 million in July- January (2020-21), showing growth of 24.73 percent, according latest PBS data.<\/p>\n
The textile commodities that contributed in trade growth included cotton yarn, the exports of which increased by 41.41 percent from $486.429 million last year to $687.857 million during the current year.<\/p>\n
Likewise, the exports of raw cotton increased by 782.46 percent, from $0.593 million to $5.233 million, cotton cloth by 24.41 percent, from $1,086.333 million to $1,351.532 million, cotton (carded or combed) by 100 percent to $1.605 million from zero exports last year, yarn (other than cotton yarn) increased by 99.70 percent, from $17.041 million to $34.031 million whereas exports of knitwear increased by 32.76 percent, from $2,175.022 million to $2,887.681 million.<\/p>\n
In addition, the exports of bed wear increased to $1,924.057 million from $1,613.510 million, showing growth of 19.25 percent, towels\u2019 export increased by 15.41 percent, from $533.206 million to $615.354 million, readymade garments by 21.98 percent, from $1,773.198 million to $2,163.006 million, art, silk and synthetic textile by 30.80 percent, from $200.687 million to $262.505 million, madeup articles (excluding bedwear and towels) by 9.89 percent, from 446.876 million to $491.084 million whereas the exports of all other textile materials increased by 23.69 percent, from $359.093 million to $444.175 million.<\/p>\n
The only textile commodity that witnessed negative growth in trade was tents, canvas and Tarpulin, the exports of which decreased by 11.58 percent, from $73,895 million to $65.339 million.<\/p>\n
Meanwhile, on year-on-year basis, the textile exports increased by 17.29 percent during the month of January 2021 as compared to the same month of last year.<\/p>\n
The exports during January 2021 were recorded at $1,552.297 million against the exports of $1,323.455 million during January 2020.<\/p>\n
On month-on-month basis, the exports textile from the country witnessed a decrease of 4.38 percent during January 2021 when compared to the exports of $1,623.426 million in December 2021.<\/p>\n
It is pertinent to mention here that the country\u2019s total merchandise exports increased by 24.48 percent during the first seven months of the current fiscal year.<\/p>\n
The merchandize exports during July-January (2021-22) were recorded at $17.744 billion compared to the exports of $14.255 billion during July-January (2020-21), the PBS reported.<\/p>\n
On the other hand, the merchandize imports went up by 59.33 percent from $29.257 billion last year to $46.616 billion during the current fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"
The exports of textile commodities surged by 24.73 percent during the first seven months of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The textile exports were recorded at $10,933.446 million in July-January (2021-22) against the exports of $8,765.883 million in July- January […]<\/p>\n","protected":false},"author":2,"featured_media":244960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2313,3286,3627],"class_list":{"0":"post-244955","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-export","9":"tag-increase","10":"tag-textile"},"yoast_head":"\n