The value of textile and garment exports from Pakistan increased by 24.73 percent year-on-year in dollar terms in the first seven months of fiscal 2021-22. During the period, Pakistan earned $10.933 bn from textile and apparel exports, compared to exports of $8.765 bn in July-January 2020-21, according to data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 32.76 percent year-on-year to $2.887 bn during the seven-month period, while exports of non-knit readymade garments were up 21.98 percent to $2.163 bn.
Among textiles, cotton yarn exports increased by 41.41 percent to $687.857 mn in July-January 2021-22, as against exports of $486.429 mn made during the corresponding period of 2020-21. Exports of cotton fabric also rose by 24.41 percent and were valued at $1.351 bn during the period under review. Bedwear exports jumped by 19.25 percent to $1.924 bn during the seven-month period, the data showed.
On the expenditure side, synthetic fibre imports shot up by 37.61 percent year-on-year to $445.981 mn, while imports of synthetic and artificial silk yarn rose 31.42 percent to $501.528 mn during July-January 2021-22. Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 77.50 percent year-on-year to $504.269 mn during the seven-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 percent to $15.400 bn over $12.526 bn exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 bn.
The value of textile and garment exports from Pakistan increased by 24.73 percent year-on-year in dollar terms in the first seven months of fiscal 2021-22. During the period, Pakistan earned $10.933 bn from textile and apparel exports, compared to exports of $8.765 bn in July-January 2020-21, according to data from Pakistan Bureau of Statistics.
