Pakistan's textile exports for the first eleven months of fiscal year 2022-23 reached $15,029.845 million, marking a 14.72% decline compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS).
However, certain sectors experienced contrasting trends. Raw cotton exports saw a remarkable growth of 104.13%, rising from $6.577 million to $13.425 million. Similarly, the export of tents, canvas, and tarpaulin increased by 26.52% from $99.463 million to $125.840 million. Conversely, cotton yarn exports witnessed a significant decline of 33.75% from $1,112.712 million to $737.186 million. Cotton cloth exports decreased by 16.87%, while cotton (carded or combed) saw a drop of 38.97%.
Other categories that experienced a decline include yarn (other than cotton yarn), knitwear, bedwear, towels, ready-made garments, art/silk/synthetic textiles, made-up articles (excluding towels and bedwear), and other textile materials.
In May 2023, textile exports showed a YoY decline of 19.57%, amounting to $1,320.558 million. However, on a MoM basis, exports increased by 7.12% in May compared to April 2023, as per PBS data.
