The export of textile goods from Pakistan showed a marginal improvement of 2percent to $1.08billion in April, says recent data released by the Pakistan Bureau of Statistics. At the same time, value-added textile segment saw good growth, an impressive 11percent on year-on-year basis to $607million. This is mainly attributable to a 4percent yearly depreciation of the rupee and the country’s enhanced market access of the European Union region. The value-added sector benefitted from higher exports of knitwear, bedwear and garments.

During the month, garment exports rose 15percent to $174million due to a 16percent increase in realised prices, despite a 1percent reduction in volumes. Knitwear exports went up 9 percent to $190.7million as prices rose by 22.6percent. Bedwear exports jumped 11 percent to $177.5million, as a 9.6 percent reduction in prices corresponded with a 22.8 percent growth in sales volumes.

However, basic textile declined by 9 percent year-on-year to $341million, led by an 8 percent decline in cotton yarn exports. On a sequential basis, textile exports grew 5 percent in April, whereas value-added exports went up 10percent. However, basic textile exports decreased 3percent over the previous month.

www.pbs.gov.pk