Pakistan's textile exports surged 26% to $9.38billion in July-December 2021-22

Textile exports decreased 6.47% in December 2021 when compared to the exports of $1.735 billion in November 2021 on month on month basis

Pakistan Bureau of Statistics (PBS) data has shown that Pakistan’s textiles exports surged by 26.05% to $9.381 billion during the first six months of current fiscal year 2021-22, as compared to $7.442 billion in the corresponding half last year.

Commodities that contributed in trade growth included cotton yarn, the exports of which increased by 52.33% to $610.427 million during the half, from $400.733 million last year.

Likewise, raw cotton exports went up 197.30% to $1.763 million from $0.593 million, cotton cloth went up 21.35% to $1.134 billion from $935.009 million, cotton (carded or combed) increased 100% to $1.605 million from zero exports last year, yarn (other than cotton yarn) increased 110.07% to $28.279 million from $13.462 million, whereas exports of knitwear increased by 35.21% to $2.5 billion from $1.849 billion last year.

In addition, half-year exports of bed wear increased 19% to $1.659 billion from $1.394 billion, towels climbed up 17.54% to $523.686 million from $445.697 million, readymade garments went up 22.93% to $1.831 billion from $1.490 billion; art, silk and synthetic textile increased 34.24% to $224.847 million from $167.500 million, made-up articles (excluding bed wear and towels) grew 11.36% to $422.254 million from 379.187 million, whereas the exports of all other textile materials increased by 26.59% to $384.601 million from $303.822 million.

The textile commodities that witnessed negative growth in trade were tents, canvas, and tarpaulin, the exports of which decreased by 9.18% from $62.477 million to $56.742 million.

Meanwhile, on year-on-year basis, the textile exports increased by 15.89% during the month of December 2021 as compared to the same month of last year.

The exports during December 2021 were recorded at $1.623 billion against the exports of $1.400 billion during December 2020. On month-on-month basis, the textile exports from the country witnessed a decrease of 6.47% December 2021 when compared to the exports of $1.735 billion in November 2021.

PBS data shows 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. The exports during July-December 2021-22 were recorded at $15.127 billion against the exports of $12.110 billion during July-December 2020-21.

On the other hand, the imports into the country also surged by 66.23% by growing from $24.454 billion last year to $40.649 billion during the current fiscal year.

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