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Pakistan textile and garment exports up one per cent

Pakistan's readymade textile and garments exports grew by less than one per cent in July to November 2018.Readymade garment export growth grew by 21 per cent in July to November 2018.

Exports of readymade textiles fell by one per cent in November 2018 compared to November 2017. Export volume of readymade garments however shot up by 18.06 per cent in November 2018 compared to November 2017.

Pakistan’s exports of textile and clothing increased 0.86 per cent during the first quarter of the fiscal year.

Raw cotton exports declined by 76.21 per cent. Exports of cotton yarn decreased by 2.25 per cent. Exports of towels fell 0.55 per cent. Exports of readymade garments decreased by 1.55 per cent.

On a yearly and monthly basis textile exports in September recorded a decrease of 4.91 per cent and 18.53 per cent when compared to exports during September 2017 and August 2018 respectively.

Textile exports make up around 60 per cent of the country’s total exports. The textile sector has the largest share in Pakistan’s exports.

Pakistan’s competitors are upping the ante on textile exports to make inroads into more global markets. While China’s share in global textile exports is 36 per cent, Vietnam contributes 12.4 per cent, and Pakistan 1.7 per cent.