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Textile exports increases by 6.02pc in 5 months

Textile exports increases by 6.02pc in 5 months

LAHORE: The textile exports from the country increased by 6.02 percent during the first five months of current fiscal year against the exports of same period of last year.

On year-on-year basis, textile exports during November 2013 increased by 0.93 percent when compared to the exports of November 2012.

The overall textile exports during July-November (2013-14) were recorded at $5.684 billion against the exports of $5.361 billion during July-November (2012- 13), according to Pakistan Bureau of Statistics (PBS).

The textile products that witnessed surge in trade included raw cotton, exports of which increased by 63.09 percent by going up from $68.657 million during the first five months of last year to $111.973 million during the current year.

Exports of cotton cloth also increased by 3.49 percent from $1.1 billion last year to $1.138 billion this year while the exports of bed wear increased by 20.37 percent from $732.768 million to $882.061 million.

According to PBS data, articles (excluding towels and bed wear) during the period under review increased by 13.68 percent to $237.92 million from $270.21 million during last year.

The exports of art, skill and synthetic textile also increased by 14.36 percent from $156.151 million during July-November 2012-13 to $178.579 million during July-November 2013-14, whereas the exports of knitwear increased by 2.4 percent from $898.255 million to $919.83 million.

Similarly the exports of ready made garments increased by 5.47 percent from $720.067 million last year to $759.449 million this year.

The products that witnessed negative growth in exports included cotton (carded or combed), exports of which declined by 27.32 percent, from $571,000 to $415,000.

The exports of tents, canvas and tarpaulin decreased from $40.898 million to $33.205 million, showing a decrease of 18.81 million while exports of towels decreased from $315.05 million to $289.464 million, showing decrease of 8.12 percent.

Exports of Yarn other than cotton yarn also decreased from $20.572 million last year to $19.442 million this year, showing negative growth of 5.49 percent.

The exports of all other textile commodities increased by 14.17 percent, from $161.918 million last year to $184.865 million this year.

Meanwhile on year-on-year basis, textile exports during November 2013 increased by 0.93 percent when compared to the exports of November 2012. The Textile exports in November 2013 were recorded at $1.008 billion against the exports of $999.551 million during November 2012.

However, on month-on-month basis, the textile exports decreased by 9.51 percent by going down from $1.114 billion in October 2013 to $1.008 billion in November 2013, the PBS data revealed.