H1 Textile Exports Down 1.65 Percent To $6.156 Billion
Textile exports declined by 1.65 percent to $6.156 billion during the first six months of the current fiscal year as compared to $6.2589 billion for the same period a year ago, according to Pakistan Bureau of Statistics (PBS). Provisional exports data of select commodities updated by the PBS on its website noted a 49.87 percent decrease in export of raw cotton during July-December 2016 when compared to the same period of last fiscal year.
Raw cotton exports decreased to $35.88 million in July-December 2016 from $71.58 million in July-December 2015. A decline of 7.17 percent was noted in exports of cotton yarn during the period after exports in absolute terms decreased to $650.881 million in July-December 2016 from $701.191 million in July-December 2015 while cotton cloth exports decreased to $1.048 billion from $1.11 billion and in percentage term by 5.57 percent.
Exports of yarn other than cotton yarn decreased 30.86 per cent to $12.587 million during July-December 2016 from $18.206 million in July-December 2015 while exports of towels decreased to $373.505 million from $405.077 million, reflecting a decrease of 7.79 per cent.
Export of art, silk & synthetic textile also declined 30.74 per cent to $102.486 million during the period under review from $147.979 million and exports other textile materials decreased 11.98 per cent to $200.215 million in July-December 2016 from $227.463 in July-December 2015.
However, exports of cotton carded or combed increased 167.95 per cent to $209 in July-December 2016 from $78 in July-December 2015, knitwear increased 0.17 per cent to $1.193 billion from $1.191 billion and bed wear exports increased 4.66 per cent to $1.043 billion from $997.062 million.
Exports of tents, canvas & tarpaulin increased 69.28 per cent to $71.236 million in July-December 2016 from $42.083 million in July-December 2015 and readymade garments increased 5.85 per cent to $1.101 billion from $1.040 billion. Made-up articles (excl. towels) exports increased to $322.857 million in the first six months of the current fiscal year from $307.074 million for the same period a year ago with a growth of 5.14 percent.