February textile exports down 2.53 percent YoY

Textile exports decreased by 2.53 percent in February 2017 over the same month a year ago and 6.48 percent as compared with previous month, according to Pakistan Bureau of Statistics (PBS). The provisional trade data of select commodities released by the PBS Tuesday showed that exports of textile group have decreased to $ 995.337 million in February 2017 from $ 1.021 billion for the same month of previous year.
Export of towels decreased to $64.190 million during the period under review from $66.770 million, exports of other textile materials decreased to $ 41.998 million from $ 42.350 million and art, silk & synthetic to $ 20.550 million from $ 25.124 million.
Export of cotton yarn decreased to $ 94.079 million in February 2017 from $ 106.271 million in February 2016, export of cotton cloth decreased to $ 156.359 million from $ 183.431 million for the period and export of cotton cloth decreased to $ 156.359 million from $ 183.431 million.
However, export of raw cotton increased to $ 812 during the period from $ 718, export of knitwear increased to $ 177.243 million from $ 173.683 million, bed wear increased to $ 175.381 million from $ 170.827 million with 2.67 per cent change while exports of tents, canvas & tarpaulin increased to $ 13.608 million in February 2017 from $ 10.575 million in February 2016, readymade garments increased to $ 197.526 million from $ 187.627 million and export of made-up articles (excl. towels) increased to $ 52.015 million in February 2017 from $ 50.883 million in February 2016.
Exports of textile group during the first eight months (July-February 2016-17) decreased to $ 8.214 billion from $ 8.359 billion for the same period a year ago, reflecting a decline of 1.74 per cent. Exports of raw cotton during the July-February 2016-17 decreased to $ 37.762 million from $ 74.430 million for the same period a year before with 49.27 percent decline, cotton yarn decreased to $841.221 million from $ 896.287 million with -6.14 per cent decrease, cotton cloth decreased to $ 1.392 billion from $ 1.485 billion noting a 6.26 per cent contraction.