Trade Resources Industry Views Pakistan Exported Textiles and Garments Worth US$ 4.691 Billion on July 1,2013

Pakistan Exported Textiles and Garments Worth US$ 4.691 Billion on July 1,2013

Pakistan exported textiles and garments worth US$ 4.691 billion during the first four months of the ongoing fiscal year 2013-14 that started on July 1, 2013, showing a rise of 7.55 percent over exports of US$ 4.361 billion made during the corresponding period of last year, according to the latest data released by the Pakistan Bureau of Statistics (PBS).

Pakistan's Textile Exports Grow 7.55% in July-Oct'13

From January to October 2013, Pakistan’s raw cotton exports surged by 43.27 percent year-on-year to US$ 81.556 million, while its bed wear exports grew by 21.08 percent year-on-year to US$ 727.306 million, PBS data showed.

However, major earnings for Pakistan were from cotton fabric, which fetched US$ 946.601 million growing at 5.2 percent year-on-year, followed by knitwear, which earned US$ 763.865 million rising at 1.51 percent year-on-year, and cotton yarn, which brought US$ 758.363 million in foreign exchange showing a rise of 6.39 percent year-on-year.

During the four-month period, Pakistan’s readymade garment exports increased by 7.96 percent year-on-year to US$ 620.763 million.

The textile exports as a whole increased by mere 0.40 percent year-on-year in October 2013 to US$ 1.114 billion, with a major dip of 50.35 percent year-on-year seen in export of cotton.

Meanwhile, Pakistan imported US$ 701.427 million worth of textiles during the four-month period, registering a slight decline of 0.92 percent year-on-year.

Synthetic fibre imports by Pakistan were valued at US$ 126.523 million, while synthetic and artificial silk yarn imports cost US$ 177.469 million, during the period under review.

During last fiscal year which ended on June 30, 2013, textile and clothing exports from Pakistan grew by 5.9 percent from US$ 12.34 billion in 2011-12 to US$ 13.06 billion.
 

Source: http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=156055
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Pakistan's Textile Exports Grow 7.55% in July-Oct'13
Topics: Textile