Textile exports grow 6.14% to reach $10.7bn 10 months | Pakistan Today

Textile exports grow 6.14% to reach $10.7bn 10 months

The textile exports from the country posted positive growth of 6.14 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year.
The overall textile exports during July-April (2012-13) were recorded at $10.749 billion against the exports of $10.127 billion during July-April (2011-12), according to the latest data of Pakistan Bureau of Statistics (PBS). The commodities that contributed in enhancing country’s textile exports included cotton yarn, exports of which increased from $1.468 billion last year to $1.851 billion during the year under review, showing surge of 26.08 percent.
Similarly, the exports of cotton cloth increased from $2.004 billion to $2.231 billion, showing growth of 11.31 percent. The other textile products that witnessed positive growth in exports included yarn other than cotton yarn, exports of which increased by 12.93 percent by going up from $29.476 million to $33.288 million while the exports of knitwear increased from $1.624 billion to $1.663 billion, showing growth of 2.36 percent.
Exports of bed wear increased by 1.03 percent, from $1.452 billion to $1.467 billion whereas the exports of towels increased from $554.262 million to $647.360 million, showing expansion of 16.80 percent.
The exports of tents, canvas and tarpaulin during the period under review also surged by 47.20 percent from $69.353 million to $102.091 million while the exports of readymade garments increased from $1.319 billion to $1.475 billion, showing growth of 11.82 percent.
Similarly, the exports of made up articles (excluding towels and beadwear) increased by 2.45 percent, from $475.837 million to $487.506 million, while exports of other textile materials increased from $250.119 million to $328.001 million, showing growth of 31.14 percent. The textile commodities that witnessed negative growth in exports included raw cotton, exports of which decreased by 68.15 percent, by falling from $433.535 million to $138.077 million.
Exports of cotton carded or combed decreased from $11.617 million to $5.954 million, showing negative growth of 48.75 percent and the exports of art, silk and synthetic textile also declined by 26.61 percent from $433.655 million to $318.247 million.



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