Textile exports increases 2.94pc in April

ISLAMABAD: The textile exports from the country increased by 2.94 percent in April against the exports of same month of last year.

The exports of textile group in April, were recorded at $1.081 billion against the exports of $1.05 billion in April 2014, according to Pakistan Bureau of Statistics (PBS).

Similarly on month on month basis the textile group exports in April also increased by 4.6 percent from $1.033 billion in March 2014 to $1.081 billion in April.

The exports of textile group during first 10 months of the year 2014-15 however decreased by 1.21 percent as compared to the exports of same period of last year.

The overall textile group exports during the period under review were recorded at $11.281 billion as compared to the exports of $11.42 billion in July-April (2014-15).

The textile products that witnessed increase in trade included cotton carded or combed export of which increased by 2.49 percent, by going up from $6.1 million last year to $6.253 million this year.

Exports of yarn other than cotton yarn also increased by 5.40 percent from $35.61 million last year to $37.532 million this year while the exports of knitwear increased by 7.76 percent from $1.839 billion to $1.982 billion.

According to PBS data, exports of towels during the period under review increased by 3.2 percent to $650.064 million from $629.881 million during last year.

The exports of tents, canvas and tarpaulin also surged by 73.26 percent from $65.797 million during July-April 2013-14 to $114.001 million during July-April (2014-15), whereas the exports of ready made garments increased by 9.14 percent from $1.5778 billion to $1.722 billion.

The products that witnessed negative growth in exports included raw cotton exports of which declined by 26.22 percent, from $196.128 million to $144.695 million.

The exports of cotton yarn decreased from $1.716 billion to $1.587 billion, showing a decrease of 7.5 percent while exports of cotton cloth decreased from $2.346 billion to $2.088 billion, showing decrease of 10.98 percent.

Similarly, exports of bed wear also decreased from $1.767 billion last year to $1.747 billion this year, showing negative growth of 1.13 percent, whereas exports of art, silk and synthetic textile decreased by 12.02 percent by falling from $318.103 million last year to $279.864 million this year.