Home Business Textile exports increase by 4.88% during July-November

Textile exports increase by 4.88% during July-November

The exports of textile commodities witnessed an increase of 4.88% during the first five months of the current fiscal year as compared to the corresponding period of the previous year.

The textile exports were recorded at $6044.536 million in July-November (2020-21) against the exports of $5763.117 million in July-November (2019-20), showing the growth of 4.88%, according to latest data of Pakistan Bureau of Statistics (PBS).

The textile commodities that contributed to positive trade growth included knitwear, exports of which increased from $1320.740 million last year to $1510.129 million during the current year, showing a growth of 14.34%. Likewise, exports of bedwear increased by 12.28% by growing from $1013.648 to $1138.174 while the exports of towels increased by 14.24%, from $317.488 million to $362.702 million.

The exports of tents, canvas and tarpaulin grew by 58.05%, from $31.786 to $50.238, while the exports of readymade garments increased by 4.36%, from $1155.536 million to $1205.167 million and the exports of made up article (excluding towels and bed wear) increased by 15.53%, from $265.824 million to $307.115 million.

It is pertinent to mention here that the country’s merchandise exports increased by 2.11% during the first five months of the current fiscal year as compared to the corresponding period of last year. The exports during July-November (2020-21) were recorded at $9.737 billion against the exports of $9.536 billion in July-November (2019-20), showing a growth of 2.11%.

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