As per the statistics released by the Pakistan Bureau of Statistics, Pakistan’s total textile exports increased by 23 per cent to $15.42 billion Y-o-Y in FY 2021.
Knitwear exports posted the highest growth of 37 per cent Y-o-Y basis to $3.83 in FY21 as against $ 2.80 billion in FY20. Among others, bed wear and readymade garment’s segments also recorded a substantial growth in exports by 29 per cent Y-o-Y and 19 per cent Y-o-Y respectively.
This exponential rise in textile exports during the FY21 can be attributed to a 73 per cent increase in exports to $1.67 billion during the final month of June’21 and a 57 per cent upsurge was seen compared to the previous month of May’21.
The country’s textiles export are expected to continue growing in FY22 as demand for Pakistan’s textiles is likely to stay strong as many countries have developed the likeness for the Pakistani textile products.