ISLAMABAD: Exports of textile products from the country witnessed positive growth of 7.99 percent during the first nine months of the current fiscal year when compared to the corresponding period of last year.
The overall textile exports from the country were recorded at $10.385 billion during July-March (2013-14) as compared to the exports of $9.616 billion during July-March (2012-13), according to the latest data of Pakistan Bureau of Statistics (PBS).
The textile products that witnessed positive growth in trade included raw cotton, exports of which increased by 43.48 percent by surging from $126.774 million last year to $181.895 million during current year.
The exports of cotton cloths increased from $1.986 billion last year to $ 2.125 billion during current year, showing an increase of 6.99 percent while the exports of yarn (other than cotton yarn) increased by 10.03 percent by going up from $30.619 million to $33.691 million.
Exports of knitwear increased by 10.21 million by surging from $1.513 million last year to $1.667 million this year, while the exports of bedwear increased from $1.318 million to $1.6 million, showing increase of 21.39 percent.
Exports of readymade garments increased from $1.308 billion to $1.43 billion, an increase of 9.36 while exports of art, silk and synthetic textile increased from $277.268 million to $288.955 million, showing increase of 4.22 million.
The other textile that witnessed increase in trade included madeup articles (excluding towels and beadwear), exports of which increased by 17.94 percent by going up from $433.653 million to $511.439 million.
The textile products that witnessed negative growth in trade during the period under review included cotton yarn, exports of which decreased from $1.668 billion to $1.569 billion, showing decrease of 5.93 percent.
Similarly, the exports of cotton carded or combed decreased by 42.53 percent by reducing from $5.711 million to $3.282 million, exports of towels decreased by 2.55 percent by falling from $576.076 billion last year to $561.412 million this year whereas the exports of tents, canvas and tarpulin decreased by 23.84 percent by going down from $82.834 million to $63.088 million, the data revealed.
Meanwhile, on year-on-year basis the textile exports increased by 6.39 percent to $1.235 billion in March 2014 when compared to the exports of $1.16 billion in March 2013.
On the other hand, on month-on-month basis, the textile exports witnessed positive growth of 9.19 percent in March 2014 when compared to the exports of $1.131 billion in February 2013, the data revealed.
Pakistan's trade deficit narrowed by 5.49 percent during first three quarters of current fiscal year as exports expanded by 6.06 percent while imports witnessing slight growth of 0.86 percent as compared to the same period of last year.
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