The country’s textile group exports declined by around 5 percent during thefirst five months (July-November) of the current fiscal year 2022-23 (FY23)and stood at $7.361 billion as compared to $7.757 billion during the sameperiod of last year, the Pakistan Bureau of Statistics (PBS) said.
The data on exports and imports released by PBS revealed that the country’stextile group exports witnessed a decline of 18.15 percent in November 2022on a year-on-year (YoY) basis and stood at $1.420 billion, compared to$1.735 billion during the same month of last year.
On a month-on-month (MoM) basis, the textile group registered 4.71 percentgrowth compared to $1.357 billion in October 2022.
Cotton yarn exports registered 35 percent negative growth in July-Novemberand stood at $328.197 million compared to $503.898 million during the sameperiod of the last year.
On a year-on-year basis, cotton yarn exports registered 60.71 percentnegative growth, while on a MoM basis, they registered 12.58 percentnegative growth.Overall Exports
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The country’s overall exports during July–November 2022 stood at $11.945billion (provisional) against $12.362 billion during the correspondingperiod of last year showing a decrease of 3.37 percent.
The exports in November 2022 were $2.391 billion (provisional) as comparedto $2.384 billion in October 2022 showing an increase of 0.29 percent butdecreased by 17.58 percent as compared to $2.901 billion in November 2021.
