Page 15 - April-May 2021

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The exports of textile commodities surge

17.35% during the last ten months

The exports of textile commodities witnessed an trade included raw cotton, exports of which
increase of 17.35 percent during the first ten months decreased by 96.51 percent, from $17.002 million to
of the current fiscal year compared to the $0.593 million; cotton yarn decreased by 4.03
corresponding period of last year and surged by 213 percent, from $858.580 million to $823.948 million,
percent on a year-on-year basis (YoY). whereas the exports of cotton cloth also reduced by
1.24 percent, from $1601.650 million to $1581.564
The textile exports were recorded at $12692.840 million. The exports of all other textile materials also
million in July-April (2020-21) against the exports of increased by 39.24 percent, from $379.362 million to
$10816.276 million in July-April (2019-20), showing a $528.225 million, the PBS data revealed.
growth of 17.35 percent, according to the latest data
of the Pakistan Bureau of Statistics (PBS). The textile Meanwhile, on a year-on-year basis, the textile
commodities that contributed to trade growth exports increased by 213.17 percent during April
included knitwear, which increased from $2392.064 2021 compared to the same month of last year.
million last year to $3126.095 million during the During April 2021 were recorded at $1,337.385
current year, showing growth of 30.69 percent. million against the exports of $403.833 million during
Likewise, the yarn exports (other than cotton yarn) April 2020. On a month-on-month basis, the
increased by 22.42 percent, from $22.051 million to country's exports witnessed a decrease of 3.21
$26.995 million whereas, exports of bed wear percent during April 2021 compared to the exports of
increased by 24.66 percent from $1838.449 million to $1355.542 million in March 2021.
$2291.779 million.
It is pertinent to mention here that the merchandise
The exports of towels increased by 27.18 percent, exports from the country increased by 13.49 percent
from $610.696 million to $776.708 million; exports of during the first ten months of the current fiscal year.
tents, canvas, and tarpaulin grew by 21.86 percent, The exports from the country were recorded at
from $78.556 million to $95.725 million; readymade $20.881 billion during July-April (2020-21) against the
garments by 12.56 percent, from $2231.697 million exports of $18.399 billion in July-April (2019-20). On
to $2512.021 million; made-up articles, excluding the other hand, the merchandise imports into the
towels and bedwear by 22.22 percent, from $513.405 country also increased by 17.67 percent by going up
million to $627.479 million while the exports of art, from $37.992 billion last year to $44.706 billion during
silk, and synthetic textile increased from $272.919 to the current year. Based on the figures, the trade
$301.634 million, showing growth of 10.52 percent. deficit increased by 21.60 percent by swelling from
$19.593 billion last year to $23.825 billion during the
The commodities that witnessed negative growth in current fiscal year.

April/May 2021