Textile exports grow at 14.22 percent to 1.121bn

ISLAMABAD: The textile exports during the first month of the current fiscal year (2011-12) were recorded at $1.121 billion, showing an increase of 14.22 percent over the exports of $982.007 million of the same month of the last fiscal year, Federal Bureau of Statistics (FBS) reported.

However, the exports of textile group witnessed decrease of 15.26 percent when compared to the exports of $1.323 billion during June 2011, according to FBS provisional figures.

The textile products that contributed in positive growth of textile sector included raw cotton, exports of which increased from $1.026 million during July 2010 to $11.521 million during July 2011, showing an increase of 1022.90 percent.

As compared to the raw cotton exports of $9.815 billion in June 2011, the exports of the commodity during July witnessed increase of 17.38 percent.

Similarly, exports of cotton yarn increased by 3.29 percent in July 2011 over July 2010 by growing from 112.664 billion to $116.368 billion.

Exports of cotton cloth in July 2011 increased by 12.28 percent over July 2010 while that of yarn other than cotton yarn by 530 percent, knit wear by 10.73 percent, towels by 13.53 percent, tents, canvas and tarpaulin by 54.09 percent, readymade garments by 29 percent, art silk and synthetic textile by 40 percent, made up articles (excluding towels and bedwear) 21.89 percent whereas the exports of other textile materials witnessed increase of 30.60 during July 2011 over July 2010.

The products that witnessed negative growth in exports during July 2011 over 2011 included cotton (carded or combed), and bed wear exports of which fell by 75.97 percent and 3.13 percent respectively.

On the other hand, as compared to the exports of June 2011, the exports of raw cotton in July witnessed positive growth of 17.38 percent whereas the exports of tents, canvas and tarpaulin increased by 2.33 percent.

The exports of cotton yarn witnessed negative growth of 24.06 percent in July 2011 over June 2011. Similarly the exports of cotton cloth decreased by 20.4 percent, cotton carded or comber 53 percent, yarn other than cotton yarn 24.56 percent, knit wear 7.74 percent, bed wear 12.7 percent, towels 14.78 percent, readymade garments 13.91 percent, art, silk and synthetic textile 20.27 percent, madeup articles (excluding towels, beadwear) 0.83 percent whereas exports of other textile products decreased by 31.98 percent.

Copyright APP (Associated Press of Pakistan), 2011