Pakistan’s exports of textile and clothing rebounded during July 2020 to May 2021 mainly due to value-added sectors and posted a robust growth of 19% as compared to the same period last year.
According to the data, released by the Pakistan Bureau of Statistics on Saturday, the exports of textile and grew by 18.85 % to 13.748 billion during the first 11 months of this fiscal year as compared to $11.567 billion during the period from July 2019 to May 2020.
The export of readymade garments grew by 14.35% to $2.706 billion during the first 11 months of this fiscal year as compared to $2.367 during the same period last year.
The knitwear exports increased by 32.7% to $3.414 billion as compared to $2.572 billion during the period under consideration.
The export of bed wear grew by 24.6% to $2.472 billion during the 11 months of the current financial year as compared to $1.984 billion during the same period last year.
The exports of towels increased by 28.54% to $838.507 million during the period from July 2020 to May 2021 which were $652.351 million during the same period last year.
The growth in the exports of leather garments, leather gloves were witnessed by 9.92% and 19.08% respectively whereas the exports of raw leather moved down by 17% during the 11 months of this fiscal year.
The exports of cotton cloth moved up slightly by 0.97% during the first 11 months of this fiscal year. The exports of cotton yarn decreased by 1.6 % and raw cotton by 96.51%. This means that these two products were used by the value-added sector as the government had allowed duty-free import of these products.
The exports of the tent, canvas, and tarpaulin grew by 15.54%, Art, silk, and synthetic textile grew by 12.26%. The surgical items of Pakistan are greatly demanded all over the world but these products are remarked by western countries with popular brands. This thing lowers the financial value of the same to a big extent.