ISLAMABAD: Pakistan’s exports of textile and clothes posted a 22.94 per cent development within the outgoing monetary yr in comparison with the identical interval a yr in the past, information launched by the Pakistan Bureau of Statistics confirmed on Monday.
In absolute phrases, the overall exports of textile and clothes had been $15.Four billion in 2020-21 in opposition to $12.526bn of the earlier yr.
The expansion in exports of value-added sectors contributed to a rise in total exports from the sectors. One of many causes for development in these sectors is due to low-base of final yr when export-oriented industries remained closed because of the Covid-19 lockdown and cancellation of orders from worldwide patrons.
The breakdown exhibits exports of readymade clothes went up by 18.83computer to $3.032bn in FY21 in opposition to $2.552bn over the corresponding months of earlier yr. The exports of knitwear elevated by 36.57computer to $3.816bn in opposition to $2.794bn over the corresponding months of final yr. Exports of bedwear went up by 28.87computer to $2.771bn this yr in opposition to $2.150bn of the final yr.
Development attributed to final yr’s low base attributable to the pandemic
A development of 31.81computer was seen in export of towels to $937.536m in FY21 in opposition to $711.265m of the final yr.
The export of leather-based clothes was up by 14.02computer and leather-based gloves by 22.26computer. The exports of uncooked leather-based declined by over 12.04computer.
The cotton material export posted a development of 4.98computer in FY21 to $1.921bn, whereas the export of cotton yarn went up by 3.26computer to $1.016bn on a yr on yr foundation. The export of uncooked cotton declined by 95.27computer this yr over the past yr.
It signifies that these uncooked supplies had been consumed most within the value-added sector as the federal government has additionally allowed duty-free import of those merchandise.
The exports of cotton carded had been up by 3.17computer and yarn aside from cotton yarn by 29.62computer.
The exports of tents, canvas and tarpaulin went up by 12.10computer, artwork, silk and artificial textile by 17.68computer and made up articles, excluding towels and mattress put on, by 28.08computer.
Within the price range 2021-22, a number of measures, together with discount in obligation on uncooked supplies to advertise exports of pharmaceutical, plastic, chemical substances, engineering, and value-added textile merchandise, had been proposed.
Between July 1 final yr and June 30 this yr, the general exports reached $25.304bn as in opposition to $21.393bn over the corresponding months of final yr, indicating a development of 18.28computer.
The import of textile equipment posted a development of 35.35computer to $592.076m on a yr on yr foundation. This means that the trade has began importing textile equipment as a part of modernisation or enlargement within the sector.
The trade imported 857,373 tonnes of uncooked cotton in outgoing yr in opposition to 536,707 tonnes final yr, exhibiting a rise of 59.75computer, to bridge the shortfall within the home sector.
Equally, the import of artificial fibre grew by 52.69computer as trade imported 447,351 tonnes this yr as in opposition to 292,972 tonnes of earlier yr.
The import of artificial and synthetic silk yarn stood at 392,092 tonnes this yr as in opposition to 248,834 tonnes final yr, exhibiting a rise of 57.57computer. The import of worn clothes recorded a development of 89.64computer to 732,623 tonnes this yr as in opposition to 386,320 tonnes of earlier yr.
Printed in Daybreak, July 20th, 2021
