Textile group exports posts 0.41pc growth in four months, reached to US$4.407bn

ISLAMABAD: Textile group exports from the country during first four months of current financial year grew by 0.41 percent as compared the exports of the corresponding period of last year and textile products worth US$ 4.407 billion exported as compared the exports of US$ 4.389 billion of same period last year.

During the period from July-October, 2018-19, exports of raw cotton decreased by 71.54 percent, cotton yarn by 11.19 percent and cotton cloth by 0.25 percent, according to the latest data released by the Pakistan Bureau of Statistics.

Meanwhile, the exports of knitwear increased by 10.41 percent, bed wear by 2.10 percent and readymade garments by 0.63 percent respectively.

During the period under review about 7,225 metric tons of raw cotton worth US$ 12.116 million as compared the 25,669 metric tons valuing of US$ 42.566 million of same period of last financial year.

In first four months of current financial year, exports of cotton yarn came down from 171,141 metric tons worth US$ 422.252 million to 140,286 metric tons of US$ 392.752 million during the period under review.

Whereas the exports of cotton cloth was recorded at 732,426 thousand square meters worth US$ 713.289 million as compared the 690,613 thousand square meters valuing US$ 715.083 million of same period of last year.

However, in last four months country earned US$ 962.819 million by exporting about 39,880 thousand dozen of knitwear as compared the exports of 34,061 thousand dozen valuing US$ 872.015 million of same period of last year.

During the period from July-October, about 133,370 metric tons of bed were costing US$ 771.204 million exported as compared exports of 126,324 metric tons worth US$ 755.307 million of same period of last year.

About 8,456 metric tons of tents, canvas and tarpulin worth US$ 24.632 million exported as compared the exports of 8,467 metric tons valuing US$ 23.591 million of same period of last year.

On month on month basis, the textile group exports decreased by 0.12 percent in October, 2018 as compared the same month of last year as textile products worth US$ 1.130 billion exported as compared the exports of US$ 1.132 billion of same month of last financial year.

It may be recalled that overall exports from the country during first four months of current financial year grew by 3.48 percent, where as it was up by 1.17 percent in month of October, 2018 as compared the same month of last year.