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Pakistan textile exports surges by 213% in 10 months

May 26, 2021
Pakistan textile exports surges by 213% in 10 months

Islamabad, Pakistan

The textile exports were listed as $12692.840 million in July-April 2020-21 in comparison to the export of $10816.276 million in July-April 2019-20. Knitwear was among the textile commodities that added to trade growth. It saw a rise of 30.69%, increasing to $3126.095 million during the current year from last year’s $2392.064 million.

Other textile commodities that saw a growth in their export in the current year were yarn (excluding cotton yarn) by 22.42%, towels by 27.18%, silk, art, synthetic textile by 10.52%, madebup articles (excluding headwear and towels) by 22.22%, readymade garments by 12.56%, and tents, tarpaulin and canvas by 21.86%.

The commodities that saw negative trade growth included raw cotton export that fell by 96.51%, cotton yarn export decreased by 4.03%, and cotton cloth export saw a decline by 1.24%.

The export of all other textile materials also rose by 39.24% from $379.362 to $528.225 million, as per the PBS data. The trade deficit increased by 21.60% by rising from $19.593 billion last year to this current fiscal year’s $23.825 billion.

Source - Associated Press of Pakistan

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