AIRLINK 67.86 Increased By ▲ 2.66 (4.08%)
BOP 5.49 Decreased By ▼ -0.08 (-1.44%)
CNERGY 4.48 Decreased By ▼ -0.08 (-1.75%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 68.50 Decreased By ▼ -1.46 (-2.09%)
FCCL 19.95 Decreased By ▼ -0.35 (-1.72%)
FFBL 30.33 Increased By ▲ 1.22 (4.19%)
FFL 9.92 Increased By ▲ 0.09 (0.92%)
GGL 10.00 Decreased By ▼ -0.01 (-0.1%)
HBL 114.40 Increased By ▲ 0.15 (0.13%)
HUBC 130.30 Increased By ▲ 1.20 (0.93%)
HUMNL 6.72 Increased By ▲ 0.01 (0.15%)
KEL 4.38 Decreased By ▼ -0.06 (-1.35%)
KOSM 4.80 Decreased By ▼ -0.09 (-1.84%)
MLCF 36.39 Decreased By ▼ -0.61 (-1.65%)
OGDC 131.90 Decreased By ▼ -0.40 (-0.3%)
PAEL 22.45 Decreased By ▼ -0.09 (-0.4%)
PIAA 25.62 Decreased By ▼ -0.27 (-1.04%)
PIBTL 6.65 Increased By ▲ 0.05 (0.76%)
PPL 112.70 Decreased By ▼ -0.15 (-0.13%)
PRL 29.00 Decreased By ▼ -0.41 (-1.39%)
PTC 14.80 Decreased By ▼ -0.44 (-2.89%)
SEARL 57.95 Increased By ▲ 0.92 (1.61%)
SNGP 65.95 Decreased By ▼ -0.50 (-0.75%)
SSGC 10.95 Decreased By ▼ -0.03 (-0.27%)
TELE 8.69 Decreased By ▼ -0.11 (-1.25%)
TPLP 11.54 Decreased By ▼ -0.16 (-1.37%)
TRG 68.30 Decreased By ▼ -0.32 (-0.47%)
UNITY 23.50 Increased By ▲ 0.10 (0.43%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,337 Increased By 42 (0.58%)
BR30 23,892 Increased By 37.4 (0.16%)
KSE100 70,567 Increased By 276.4 (0.39%)
KSE30 23,237 Increased By 66 (0.28%)
Print Print 2024-02-17

Textile group: Jul-Jan exports decline 2.99pc to $9.738bn YoY

  • Exports in January 2024 were $2.792 billion (provisional) as compared to $2.822 billion in December 2023
Published February 17, 2024

ISLAMABAD: The country’s textile group exports declined by around 2.99 percent during the first seven months (July-January) of the current fiscal year and stood at $9.738 billion compared to $10.038 billion during the same period of 2022-23, Pakistan Bureau of Statistics (PBS) said.

The country’s overall exports during July-January 2023-24 totaled $17.778 billion (provisional) against $16.481 billion during the corresponding period of last year showing an increase of 7.87 percent.

The exports in January 2024 were $2.792 billion (provisional) as compared to $2.822 billion in December 2023 showing a decrease of 1.06per cent over December 2023 but increased by 24.81 percent as compared to $2.237 billion in January 2023.

Textile exporters blame govt for ‘economic disaster’

The data on exports and imports released by PBS revealed that on a month-on-month (MoM) basis, textile exports registered 3.98per cent growth in January 2024 and stood at $1.455 billion compared to $1.399 billion in December 2023.

On a year-on-year (YoY) basis, textile exports increased by 10.10 per cent in January 2024 when compared to $1.321 billion in January 2023.

Cotton yarn exports increased by 49.04per cent during the first seven months of the current fiscal year as it stood at $669.824 million compared to $449.418 million during the same period of the last fiscal year.

On a year-on-year basis, cotton yarn exports registered 19.78per cent growth and stood at $81.295 million when compared to $67.873 million in January 2023, while on a MoM basis, it registered 14.65 per cent negative growth when compared to $95.252 million in December 2023.

Rice exports increased by 95.26 per cent during the first seven months of the current fiscal year and stood at $2.115 billion when compared to $1.083billion during the same period of the last fiscal year.

Food group exports increased by 57.66per cent during the first seven months of the current fiscal year and stood at $4.267 billion when compared to $2.706 billion during the same period of the last fiscal year.

The main commodities of exports during January 2024 were rice others (Rs108,803 million),knitwear (Rs102,331 million), readymade garments (Rs93,462 million), bed wear (Rs70,662 million), cotton cloth (Rs44,773 million), towels (Rs26,930 million), rice basmati (Rs25,055 million), cotton yarn(Rs22,789 million), vegetables (Rs20,449 million), and petroleum products (Rs19,362 million).

Copyright Business Recorder, 2024

Comments

Comments are closed.

Az_Iz Feb 17, 2024 10:17am
And APTMA kerps threatening that textile exports will drop to $1 billion a month, if they don't get cheap energy.
thumb_up Recommended (0)
Az_Iz Feb 17, 2024 10:27am
Compared to Bangladesh,Pakistan is closer to EU,so it is cheaper to ship.The textile industry also gets local cotton,and got billions of dollars of cheap loans under TERF.Time to deliver.No subsidies
thumb_up Recommended (0)
Imran s Feb 17, 2024 07:38pm
@KU, yes sir, investigation rightaway!!! lol, what world do you live on?
thumb_up Recommended (0)