Textile exports up 5pc in four months, 10.50pc in October
The textile exports from the country increased by 4.78 percent during the first four months of the current fiscal year as compared to the same period of last year. During the month of October 2012, the exports of textile products increased by 10.5 percent and 1.21 percent when compared to the exports of October 2011 and September 2012 respectively, according to the data of Pakistan Bureau of Statistics (PBS), The textile exports during July-October (2012-13) were recorded at $4.392 billion against the exports of $4.192 billion during July-October (2011-12).
The major textile products that contributed in the positive growth in exports included cotton yarn, exports of which increased from $513.658 million last year to $701.606 million, witnessing surge of 36.59 percent.Similarly, the exports of yarn (other than cotton yarn) increased from $12.805 million last year to $18.976 million, showing increase of 48.19 percent.
The other textile products that witnessed increase in exports included cotton cloth, exports of which increased from $826.694 million to $891.635 million, an increase of $7.86 million while exports of towels increased from $238.763 million to $254.559 million, showing increase of 6.6.2 percent.
The exports of tents, canvas and tarpaulin also witnessed increase of 38.36 percent by going up from $26.202 million to $36.252 million while exports of readymade garments increased by 14.59 percent, from $527.129 to $604.055 million.
The textile products which witnessed negative growth in exports included raw cotton, exports of which decreased by 29.05 percent by going down from $80.490 $57.105 million.
Similarly, the exports of cotton carded or combed decreased from $7.233 million to $0.539 million, showing negative growth of 92.55 percent while knitwear exports declined from $788.474 million to $732.392 million, showing decrease of 7.11 percent.
Exports of bed-wear decreased by 13.40 percent, from $694.532 million to $601.474 million while exports of art, silk and synthetic textile decreased by 19.61 percent, from $185.864 million to $149.410 million.
The exports of made up articles (excluding towels bedwear) decreased by 1.04 percent by falling from $200.997 million to $198.906 million. The exports of all other textile materials, however, increased from $89.726 million to $145.918 million, showing surge of 62.63 percent.