Pakistan beats India in apparel exports to the US
In February, Pakistan surpassed India, Indonesia, and Vietnam in apparel and textiles export to the US.
In February, Pakistan surpassed
India, Indonesia, and Vietnam in apparel and textiles export to the US. Despite
the global pandemic situation, Pakistan recorded an increase in its export
volume. According to a report by Apparel Resources, Pakistan was one of the top
global players who exported apparel to the US in February. Abdul Razak Dawood, Adviser
to PM on Commerce of Pakistan, mentioned that there were the only main
exporters during the COVID 19 pandemic who supplied apparel to the US. He
further added that Pakistan was showing the world that it is a reliable supply
destination and wants to promote the vision of â€˜Make in Pakistanâ€™.
The USâ€™s apparel import value
decreased year on year by 8.7% to $5.39 billion in February, but its volume
increased by 3.2% and Pakistan remained the top exporter to meet the needs of
the US market.
Despite the increase in export
volume, Pakistan is facing a shortage of cotton and is only receiving half of
the needed volume. Owing to the pressure from the textile industry, the Pakistan
government recently allowed duty-free import of cotton yarn.