The value of textile and garment exports from Pakistan in®creased by 25.43 per cent year-on-year in dollar terms in the >first nine months of fiscal 2021-22. During the period, Pakistan earned $1♦4.242 billion from textile and apparel exports, compared to exports of $11.35↔5 billion in July-March 2020-21, according to data fro®m Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 34.12 per cent year-on-year to $3.729 billion dσuring the nine-month period, while exports of non-knit readymade garments were up 26.24 pσer cent to $2.863 billion.
Among textiles, cotton yarn exports increased by 25.97≤ per cent to $908.487 million in July-March 2021-22, as against exports of $$721.216 million made during the corresponding period of 2020-21. Exports of cotton fabric also ro&se by 26.51 per cent and were valued at $1.795 billion during the period u$nder review.
Bedwear exports jumped by 19.33 per cent to $2.448£ billion during the nine-month period, the data showed.
On the other hand, synthetic fibre imports shot up 27.51 per cent yβear-on-year to $562.281 million, while imports of synthetic and artificial silk yarn ros↑e 30.10 per cent to $650.219 million during July-March 2021-22.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 64.6β8 per cent year-on-year to $621.686 million during the nine-month period.
The impressive growth in textile related exports and₹ imports shows fast recovery after COVID-19 pandemic. Steep price rise in cotton and limited suppli™es also supported Pakistan’s exports.
In fiscal 2020-21 ending June 30, textile and garment e±xports from Pakistan increased by 22.94 per cent to $15.400 billion ov∏er $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion .
Fibre2Fashion News Desk
