The exports of manufactured leather goods witnessed an increase of 10.43 percent in the previous fiscal year of 2021-22 (FY22) when compared to FY21.
The recent data released by the Pakistan Bureau of Statistics (PBS) revealed that during the period from July-June 2021-22, leather goods worth $621,081 were exported when compared to the exports of $562,248 during the corresponding period of the last fiscal year.
Data unveils that the export of leather garments surged up by 10.15 percent to $315,200 when compared to exports of $286,153 during the corresponding period of FY21.
Moreover, an increase of 10.6 percent in the export of leather gloves was also witnessed during FY22, registered at $287,227 against the exports of $259,710 during the last fiscal.
During the period under consideration, other leather exports grew by 12.6 percent to $18,7 when compared to the exports of $16,565 of FY21.
The export of leather goods also observed a rise of 11.03 percent to $266.595 million in the first five months of the present financial year (5MFY22) compared to the exports of $240.100 million during the corresponding period of last year.
The PBS data further showed that among leather products, the exports of leather garments rose by 10.42 percent moving up from $125.971 million in 5MFY21 to $139.100 million during 5MFY22.
During the month of January this year, the exports of leather gloves also rose by 11.81 percent to $119.516 million from $106.890 million.
Similarly, the exports of all other leather goods also showed an increase of 10.22 percent during the period under review, increasing from $7.239 million to $7.979 million.
On a year-on-year (YoY) basis, the exports of leather goods observed a rise of 21.13 percent $59.658 million during the month of November 2021, as compared to the exports of $49.253 million in the corresponding month of last year.
While on a month-on-month (MoM) basis, these exports went up by 13.61 percent during November 2021 against the exports of $52.510 million in October 2020, the PBS data said.