Fiscal Year 2014 cotton yarn export down 12 percent

Export of cotton yarn fell by 12 percent to $1.990 billion in the last fiscal year 2013-14, according to official figures. Cotton yarn export declined by $262 million in the last fiscal year 2013-14 from $2.252 billion in the corresponding fiscal year 2012-13, Pakistan Bureau of Statistics (PBS) said.
In terms of size, the cotton yarn export fell by 74, 232 tons (10.06 percent) to 663,354 tons in the last fiscal year 2013-14 from 737,586 tons in the corresponding fiscal year 2012-13, the statistics indicated. In June 2014, cotton yarn export plunged by $59.645 million (31.09 percent) to $132.216 million as compared to the commodity's export of $191.861 million in June 2013, according to the PBS. Export volume of cotton yarn dipped by 16, 636 tons (27 percent) to 45,063 tons in June 2014 as compared to the commodity's export of 61,699 tons in June 2013, the statistics revealed.