Pakistan’s exports of textile commodities increased 10.79 per cent year on year in January 2021 as against the same month last year. On a month to month basis, however, exports decreased 5.54 per cent in January 2021 compared to December 2020. Overall, export of textile commodities increased 8.23 per cent during the first seven months of the current fiscal compared to the corresponding period last year.
Among the top performing commodities, knitwear exports increased 18.74 per cent, yarn exports (other than cotton yarn) inched up 4.63 per cent, bed wear exports rose 16.38 per cent while towel exports increased 19.91 per cent. Exports of tents, canvas and trapline grew 48.95 per cent, readymade garments 5.48 per cent, art, silk and synthetic textile 0.45 per cent, while export of made-up articles (excluding towels and bed wear) increased 18.01 per cent. On the other hand, exports of raw cotton declined 96.27 per cent. Likewise, cotton yarn exports decreased 23.97 per cent whereas cotton cloth exports dropped 8.63 per cent.
The country’s merchandize exports increased 5.53 per cent during the first seven months of the fiscal year ’21 as compared to the corresponding period of last year. However, imports during the period under review also increased by 6.92 per cent. Pakistan’s trade deficit increased 8.27 per cent during the period under review.