ISLAMABAD: The textile group exports from the country during the first twomonths of the current financial year increased by 2.30pc when compared withthe corresponding period of last year.
During the July-August 2019 period, textile products worth $2.303 billionwere exported, as against $2.215 billion worth of textile products exportedduring the same period of last year, according to the data released by thePakistan Bureau of Statistics on Saturday.
The textile products that witnessed growth in exports during the periodunder review included raw cotton by 152.33pc, cotton (carded or combed) by100pc, and yarn (other than cotton) by 44.96pc.
Similarly, the exports of other textile products that registered anincrease in their respective exports included knitwear by 12.84pc, bed wearby 1.22pc and readymade garments by 7.47pc.
Meanwhile, the textile group exports that remained negative during theperiod under review included cotton yarn by 7.76pc, cotton cloth by 6.35pcand towels 0.20pc. The export of other textile materials decreased by15.46pc.
As per details, the country earned $541.484 million through knitwearexports, as against $479.877 million earned in the same period last year.
About $399.994 million worth of bed wear was exported during the periodunder review, as against $395.172 million earned during the same periodlast year.
Read Top Stories
Likewise, readymade garments worth $476.484 million were exported in thefirst two months of FY20 (2MFY19 $434.981 million).
On the other hand, the exports of cotton yarn came down from $224.149million to $206.757 million, cotton cloth from $346.767 million to $324.758million and other textile materials from $67.636 million to $57.180 millionrespectively.
It is pertinent to mention that the local exports in dollars terms duringthe period under review increased by 2.79pc, from $3,651 million to $3,753million.
Meanwhile, in terms of dollars, the imports during July-August 2019 wererecorded at $7,677 million, as against $9,769 million worth of importsduring the corresponding period of last year, showing a decrease of 21.41pc.
