Textile Exports Increase By 26.05% To $9.381bn In 1st Half Of FY2022
The exports of textile commodities surged by 26.05 percent during the first half of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported
ISLAMABAD, (UrduPoint / Pakistan Point News - 17th Jan, 2022 ) :The exports of textile commodities surged by 26.05 percent during the first half 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 $9381.300 million in July-December (2021-22) against the exports of $7442.415 million in July- December (2020-21), showing growth of 26.05 percent, according latest PBS data.
The textile commodities that contributed in trade growth included cotton yarn, the exports of which increased by 52.33 percent from $400.733 million last year to $610.427 million during the current year.
Likewise, the exports of raw cotton increased by 197.30 percent, from $0.593 million to $1.763 million, cotton cloth by 21.35 percent, from $935.009 million to $1134.645 million, cotton (carded or combed) by 100 percent to $1.605 million from zero exports last year, yarn (other than cotton yarn) increased by 110.07 percent, from $13.462 million to $28.279 million whereas exports of knitwear increased by 35.21 percent, from $1849.596 million to $2500.761 million.
In addition, the exports of bed wear increased to $1659.646 million from $1394.182 million, showing growth of 19.04 percent, towels' export increased by 17.54 percent, from $445.697 million to $523.686 million, readymade garments by 22.93 percent, from $1490.157 million to $1831.856 million, art, silk and synthetic textile by 34.24 percent, from $167.
500 million to $224.847 million, madeup articles (excluding bedwear and towels) by 11.36 percent, from 379.187 million to $422.254 million whereas the exports of all other textile materials increased by 26.59 percent, from $303.822 million to $384.601 million.
It is pertinent to mention here that the country's total merchandise exports surged by 24.91 during the first five months of the current fiscal year compared to the corresponding period of last year.