Textile exports increase to $4.76bn in four months

ISLAMABAD: The exports of textile products have increased by 3.78 percent to $4.76 billion during first four months (July – October) of 2020/2021, according to data released by Pakistan Bureau of Statistics (PBS) on Wednesday.

The exports of textile products were $4.58 billion in the corresponding period of the last fiscal year.

The textile exports were able to post positive growth due to better performance in knitwear, bedwear, towels and readymade garments.

The export of knitwear registered 12.3 percent growth to $1.18 billion during the first four months of current fiscal year as compared with $1.05 billion in the corresponding period of the last fiscal year.

The export of bedwear posted a 10 percent increase to $899 million during July – October of the current fiscal year as compared with $818 million in the same period of the last fiscal year.

The export of towels increased by 12.35 percent to $283 million during the period under review as compared with $252 million in the corresponding period of the last fiscal year.

The export of readymade garments registered an increase of 4.66 percent to $947 million during the first four months of the current fiscal year as compared with $905 million in the same period of the last fiscal year.

The export of raw cotton and cotton this year posted negative growth of 95.72 percent and 40.56 percent, respectively during the two periods under review.

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