Exports of textile sector have declined by 8.16 per cent during the first nine months of the current fiscal year, according to Pakistan Bureau of statistics (PBS). PBS released data of selected commodities exports for the period of July-March 2015-16 shows the textile exports stood at $9.63 billion during July-March 2015-16 against $10.194 billion for the same period of last fiscal year.
Raw cotton exports have recorded a decline of 47 per cent as it dipped to $75.325 million during the current fiscal year from $142.032 million from last fiscal year while cotton yarn fell by 32 per cent. Export of cotton yarn declined by to $989.033 million from $1.416 billion from last fiscal year.
Exports of raw cotton cloth declined to $1.685 billion during the first nine months of the current fiscal year from $1.875 billion, reflecting a decline of 10.14 per cent, export of cotton carded or combed decline by 97 per cent to $131 from $6.190 million during the first nine month with raw cotton exports. The knitwear exports stood at $1.749 billion during the current fiscal year against $1.787 billion for July-March 2014-15 with a decline of 2.10 percent and bed wear export stood at $1.505 billion against $1.570 billion for July-March 2014-15 with a decline of 4.13 per cent.
Tents, canvas and tarpaulin export have decreased by 27 per cent and stood at $75.427 million in July-March 2015-16 as compared to $104.600 million for July-March 2014-15, art, silk & synthetic textile export were $222.163 million during July-March 2015-16 against $255.674 million for July-March 2014-15, showing a decline of 13.11 per cent.
Made-up articles (excl. towels) export registered a decline of 3.46 per cent during the current fiscal year and decreased to $471.266 million in July-March 2015-16 from $488,180 for the same period of last fiscal year.
Month over month data show that textile group exports declined by 2.45 percentage in the current fiscal year as compared to the exports for the same month of last fiscal year. Export of raw cotton decline to $898 thousands in March 2016 from US $2.695 million for the same month of last fiscal year, reflecting a decline of 66.68 percentages. Cotton yarn export have declined to $92.750 million in March 2016 from $130,934 in March 2015, showing a decline of 29.16 percent, cotton cloth export fell by 5.52 per cent cotton carded or combed export by 61.54 per cent, yarn other than cotton yarn export by 8.66 per cent. Exports of towel fell by 6.51 per cent, art, silk & synthetic textile export by 17.74 per cent, made-up articles, (excl. towels) declined by 1.11 per cent.