According to a product wise analysis of exports, which have achieved the historic figure $24.83 billion during July–June (2010-2011), the Textile and Agricultural sectors have shown tremendous growth. Group-wise exports of Pakistan during the year 2010-11 and its comparison with 2009-10, shed some light on major growth in these two sectors.
Textiles was the major export sector which, having 55.6 per cent share in total exports, recorded a 35 per cent growth over the last financial year 2009-10. Export of food products also grew by 36.5 per cent. On the other hand, growth in petroleum sector was recorded at 30.2 per cent only 6.2 percent in the manufacturing sector.
According to fresh data, textile sector has achieved exports of $13.805 billion during the financial year 2011 as compared $10.221 billion in 2010 with a positive growth of 35.06 per cent. The food sector has registered an export value of $4.481 billion this year as compared $3.284 billion in 2010 with a growth figure of 36.46 per cent. Consolidated export figures show that cotton cloth and knitwear were amongst the top export products and their exports grew by 42 per cent and 31 per cent, respectively. The textile sector has benefitted greatly from the government decision of providing the industry with 5 day uninterrupted supply of gas and the sector is all set to improve production in the coming months. This is a great signal for investors and stakeholders.
Cotton yarn, rice and bed wear, were items that have each crossed the $2 billion mark during fiscal year 2010-11. Among these products, rice exports decreased slightly by 1.27 per cent. Export of ready-made garments rose by 39.7 per cent, chemicals by 28.7 per cent, petroleum products by 44.8 per cent, towels by 14.5 per cent and art silk & synthetic textile by 50.4 per cent. It is worth mentioning here that exports from Pakistan during June, 2011 were $2.43 billion, which was 36.3 per cent higher than that of June of last year. The cumulative exports for financial year 2010-11 totaled at $24.83 billion, as against $19.29 billion during the corresponding period last year, showing an increase of 28.7 per cent.
