As per Pakistan Bureau of Statistics, Pakistan’s textile group exports declined 20.45 per cent to $1.060 billion in May 2021compared to $1.332 billion during April 2021. On a yearly basis, Pakistan’s textile group exports increased by 41.14 percent on year-on-year basis to reach $1.060 billion in May 2021 compared to $751.124 million in May 2020.
The country’s textile group exports increased by 18.85 percent during the first 11 months (July-May) 2020-21 to reach $13.748 billion compared to $11.567 billion during the same period of last year. As per a Business Recorder reports, its raw cotton exports declined by 96.51 percent during the July-May 2020-21 period to $0.593 million compared to $17.002 million during the same period of last year.
Export of cotton yarn declined by.60 percent during July-May 2020-21to $896.034 million compared to $910.577 million during the same period of last year. During May 2021, cotton yarn exports declined by 29.84 percent to $72.084 million compared to $102.736 million during April 2021 and increased by 38.63 percent when compared to $51.997 million during the same month of last year.
Pakistan’s import of petroleum group products declined by 0.76 percent to reach $9.882 billion during July-May 2020-21 compared to $9.807 billion during the same period of last year. Its imports of petroleum group products increased by 262.46 percent to reach $1.184 billion in May 2021 compared to $326.75 million during May 2020.