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Pakistan textile exports surge by 45.19% in August 2021

  

Pakistan’s textile exports grew 45.19 per cent on a year-on-year basis from $1,007.509 million in August 2020 to $1462.753 million in August 2021. However, exports dropped by 0.57 per cent on a month-on-month basis in August 2021 from $1471.185 million in July 2021, shows data from the Pakistan Bureau of Statistics.

From July-August 2021-22, Pakistan’s textile exports increased 27.59 per cent as compared to the corresponding months of last year. Exports from the country stood at $4.573 billion during July-August (2021-22), as against the exports of $3.584 billion recorded during July-August (2020-21), showing growth of 27.59 percent. As per report Associated Press of Pakistan, growth was fuelled by rise in exports of cotton yarn, which increased by 67.97 per cent from $115.136 million last year to $193.389 million during the current year. Export of yarn cotton cloth grew 24.74 percent, from $294.724 million to $367.624 million whereas, exports of cotton (carded of combed) surged by 100 percent to 0.770 million. Export of yarn increased 123.73 per cent, from $3.473 million to $7.770 million whereas the exports of knitwear went up by 34.12 percent, from $564.343 million to $756.883 million and bed wear by 24.50 percent, from $424.187 to $528.109 million.

The commodities whose exports declined during the period included raw cotton, exports of which decreased by cent percent whereas the exports of tents, canvas and trapulin declined by 37.19 percent, from $19.504 million to $12.250 million. Pakistan’s textile imports during these two months also increased by 72.59 percent from $6.990 billion last year to $12.064 billion in July-August 2021-22.

 
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