Cotton export increases 11.4pc in August

ISLAMABAD: The exports of raw cotton from the country during 2nd month of current financial year 2017-18 witnessed an increase of 11.40 percent as compared the exports of the corresponding month of last year.

During the month of August, 2017 about 4,521 metric tons of cotton worth US$ 7.711 million exported as compared the exports of 4,103 metric tons valuing US$ 6.922 million of same month last year.

However, the exports of cotton yarn decreased by 13.03 percent as it was recorded at 38,303 metric tons valuing US$ 101.388 million during the period under review as compared the exports of 40,773 metric tons worth of US$ 116.574 million of same period last year, according the data of Pakistan Bureau of Statistics.

Meanwhile, the exports of yarn other then cotton yarn grew by 16.35 percent during the month of August as compared the exports of same months of last year.

About 1,467 metric tons of yarn other then cotton yarn worth US$ 3.865 million exported during the months of August as against the exports of 1,210 metric tons valuing US$ 3.322 million of same month of last year.

On month on month basis, textile group exports gain the momentum and grew by 8.55 percent in second month of current financial year.

Textile group products worth over US$ 1.172 billion exported in month of August, 2017, which were recorded at US$ 1.080 billion during same month of last year.

On the other hand exports of textile group increased by 5.81 percent in first two-months of current financial year and was recorded at US$ 2.179 billion as compared the exports of US$ 2.059 billion of same period last year.

The exports of raw cotton during first two-month was recorded at 5,225 metric tons worth US$ 8.697 million as compared the exports of US$ 10.197 million of same period last year.

During first two-months, exports of other textile materials grew by 13.29 percent as above mention products worth US$ 75.744 million exported as compared the exports of US$ 66.85 million of same period last year.