The export of major exportable items ie textile and garments products posted growth in the first eight months of current financial year, the Trade Development Authority of Pakistan (TDAP) said. According to a presentation by CEO, TDAP, Tariq Ikram, to Ministry of Commerce.
The export to European Union (EU) grew by 8.6 percent to $2.8 billion in July-February period of 2006-07, over the corresponding month of previous year. The growth in terms of value registered an increase of $228 million during the said period to EU, a major trading partner of Pakistan.
The analysis of trade statistics indicates that exports of readymade garments, artificial silk and synthetic textile, bedwear, cotton yarn, yarn other than cotton, knitwear, raw cotton, tents and canvas and other textile products to EU posted growth in this period.
The amount of exports of readymade garments was $78 million during the period, artificial silk and synthetic textile at $445 million, bedwear at $32 million, cotton yarn at $26.8 million, knitwear at $9.8 million, raw cotton at $4.9 million, tents and canvas at $3 million and other textile products $6.3 million.
Export of towels, made-up textiles, knitted crocheted and cotton fabric decreased during the period to $11.1, $3.0, $1.6 and $1.0 million respectively.
The exports to major trading partners in EU block--United Kingdom (UK), Italy, Spain, Turkey, Belgium, Germany, and France--increased during this period whereas the exports to Netherlands recorded decrease during the period under review.
The exports to UK increased by $49.7 million, or 13 percent, during July-February 2006-07 over the same period of previous year. The export of bedwear rose to $19.5 million, readymade garments to $19.5 million, knitwear to $17.7 million, artificial silk and synthetic textile to $6.6 million, towels to $3.6 million, raw cotton to $1.2 million, tents and canvas to $0.9 million.
The exports of cotton fabrics to UK declined to $15 million, of made-ups of textile to $2.2 million and cotton yarn to $1.8 million. The exports to Italy increased by $34.9 million or 9.4percent with readymade garments increasing by $9 million, cotton yarn by $8 million, cotton fabrics by $6.8 million, artificial silk and synthetic textiles by $7.3 million, bedwear by $2.9 million, non-cotton yarn by $2.6 million etc.
Whereas the exports of knitwear decreased by $4.1 million and marginal decline in towels and others. The export to Spain grew by $30.6 million or 8.2 percent during the period with readymade garments, artificial silk and synthetic textiles, knitwear, bedwear registering growth and cotton fabric registering decline.
The exports to Belgium rose by $18.7 million or five percent with bedwear, readymade garments, cotton fabrics, cotton yarn and few other registering growth and towels recording registering decrease. The export to Germany registered growth of $17.4 million or 4.7 percent with readymade garments and few others registering growth knitwear and towels recording decrease. The export with France saw and increment of one million dollar.
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