Thu31 Jul 2014

Textile exports increase 5.3% to $13.738 billion

Posted on 2014-07-26 05:14:28

ISLAMABAD (APP): The textile exports from the country witnessed increase of 5.30 percent during the fiscal year 2013-14 compared to the corresponding period of last year. The overall textile exports from the country during July-June (2013-14) were recorded at $13.738 billion compared to the exports of $13.047 billion in July-June (2012-13), according to the latest data of Pakistan Bureau of Statistics (PBS).
The textile products that contributed in the positive growth of trade included raw cotton, exports of which increased by 33.27 percent by going up from $153.929 million last year to $205.139 million during the fiscal year 2013-14.
Similarly, the exports of cotton cloth increased by 3.11 percent from $2,689.832 million to $2,773.564 million whereas the exports of yarn (other than cotton yarn) increased by 12.82 percent by going up from $38.476 million to $43.409 million.
According to the PBS data, the exports of knitwear increased from $2,042.958 million to $2,258.054 million, an increase of 10.53 percent whereas the exports of bed wear increased from $1,785.417 million to $2,258.054 million, showing an increase of 19.78 percent.
Readymade garments also witnessed 8.67 percent in exports by going up from $1,799.591 million to $1,955.636 million and the exports of made up articles (excluding towels) increased by 11.41 percent, from $598.640 million to $666.929 million.
On the other hand, the products that witnessed negative growth in trade included cotton yarn, exports of which decreased by 11.65 percent. The exports of cotton yarn decreased from $2,252.952 million to $1,990.529 million.
The exports of cotton (carded or combed) also deceased by 53.30 percent by going down from $13.632 million to $6.366 million whereas the exports of tents, canvas and tarpaulin decreased by 30.07 percent, from $117.463 million to $82.147 million.
The exports of art, silk and synthetic textile also decreased by 5.47 percent, from $405.683 million to $383.476 million, the PBS data revealed.
The exports of all other textile materials increased by 23.24 percent during the period under review by surging from $379.394 million to $467.552 million.
It is pertinent to mention here that Pakistan\'s trade deficit narrowed by 2.48 percent during the fiscal year 2013-14 as exports expanded by 2.75 percent while imports witnessing slight increase of 0.36 percent as compared to the same period of last year. The exports from the country during July-June (2013-14) were recorded at $25.132 billion against the exports of $24.460 billion recorded during July-June 2012-13.
On the other hand, the imports into the country during the period under review were recorded at $45.113 billion against the imports of $44.950 billion during the corresponding period of last year.
Based on the figures, the trade deficit during July-June (2013-14) was recorded at $19.981 billion against the deficit of $20.490 billion in July-June (2012-13), showing negative growth of 2.48 percent.
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