ISLAMABAD – During the first four months of the current fiscal year,exports of ready-made garments grew 12% as compared to the correspondingperiod of last year.
In July-October 2019, about 19.54 million dozens of ready-made garmentsworth $906.663 million were exported compared to 15.119 million dozensworth $809.520 million exported last year.
According to the data of Pakistan Bureau of Statistics, Pakistan exportedabout 40.246 million dozens of knitwear worth $1.054 billion versus exportsof 37.790 million dozens worth $962.862 million in the same period of lastyear, up by 9.49 percent.
During the period under review, 172,547 metric tons of bed wear worth$817.665 million were exported, showing a growth of 5.72% as compared tothe exports of 144,574 metric tons valued at $773.447 million last year.
In the first four months of the current financial year, 58,030 metric tonsof towels worth $251.647 million were exported as compared to 60,041 metrictons worth $249.651 million.
According to the data, textile group exports during first four months(July-October) of the current financial year witnessed an increase of 4.10%as compared to the exports in the corresponding period of last year,whereas textile sector exports witnessed about 7.44% growth in October2019, compared to October 2018.
During the period from July-October, 2019, textile products worth over$4.586 billion were exported versus exports of $4.406 billion last year,showing an increase of 4.10%.
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Textile products worth over $1.214 billion were exported in October 2019,as compared to exports of $1.130 billion in October 2018.
The exports of raw cotton during the period under review increased by0.78%, cotton carded or combed grew 100% and yarn other than cotton yarngrew by 21.24% respectively.
However, in the last four months of the current financial year, exports oftextile products observed a decline including cotton yarn which decreasedby 2.14%, cotton cloth 4.83%, tents, canvas and tarpaulin by 1.58%.
However, exports of raw cotton dropped from $392.948 million in the firstfour months of the last financial year to $384.553 million in the currentfinancial year.
