Page 5 - April-May 2021

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Editor-in-Chief
Yousaf Fareed
Editor
Hassan Saeed
Sub-Editor
Dr Sharjeel Abid
Dr Shagufta Riaz
Noor Amjad
Advisory Board:
Dr. Tanveer Hussain
Dr. Muhammad Tausif
Marketing Manager
Memoona Karim
Abdul Haseeb
Layouts
Faizan Khan
Marketing Incharge
Memoona Irum
Tanveer Ahmed
Address
C-302, City Towers
Main Boulevard, Gulberg II
Lahore-Pakistan
Phone: + 92 42 35 788 700
Fax: + 92 42 35 788 700
Email: info@textalks.com
Skype: textalks
www.textalks.com
The exports of textile commodities surge
17.35%; Amazon brings opportunities to
Pakistan's textile sector
The textile exports were recorded tapping on the opportunities
at $12692.840 million in July-April abroad, the quintessential
(2020-21) against the exports of Pakistani dream, hundreds of
$10816.276 million in July-April thousands of people are looking
(2019-20), showing a growth of for avenues. The Google search
17.35 percent, according to the volume of "how to sell on Amazon"
latest data of the Pakistan Bureau from the country has jumped from
of Statistics (PBS). The textile 165,000 queries in May 2020 to
commodities that contributed to 246,000 in the outgoing April,
trade growth included knitwear, indicating a high interest.
which increased from $2392.064
million last year to $3126.095 The big manufacturers, especially
million during the current year, in the export-oriented sectors such
showing growth of 30.69 percent. as textile, also seem to be excited.
Likewise, the yarn exports (other But as primarily B2B companies
than cotton yarn) increased by that play on a corporate model, it
22.42 percent, from $22.051 million remains to be seen how much they
to $26.995 million whereas, exports are willing to open themselves up
of bed wear increased by 24.66 to the wild west of the consumer
percent from $1838.449 million to market, where margins can be
$2291.779 million. thinner and demand much more
The exports of towels increased by unpredictable.
27.18 percent, from $610.696 People are hopeful that the new
million to $776.708 million; exports development would put Pakistan
of tents, canvas, and tarpaulin on the global e-commerce map,
grew by 21.86 percent, from opening up a new era of business
$78.556 million to $95.725 million; boom by connecting it across the
readymade garments by 12.56 world. Like other international
percent, from $2231.697 million to companies and brands, Amazon is
$2512.021 million; made-up a highly consumer-centric
articles, excluding towels and marketplace where consumer
bedwear by 22.22 percent, from reviews are taken very seriously.
$513.405 million to $627.479 Therefore, Pakistan entrepreneurs
million while the exports of art, silk, will have to be very careful if they
and synthetic textile increased from desire to benefit from this
$272.919 to $301.634 million, opportunity.
showing growth of 10.52 percent.
Pakistan's e-commerce market has
Often, one needed some grown dramatically over the last
connection abroad — a brother in year. It is estimated to have
the US or an old friend — to expanded by 35 percent in this
manage some of this nitty-gritty quarter of the current fiscal to Rs
specific to the geography they 96 billion from Rs 71 billion a year
were trying to sell in. However, with ago. The Government is planning
Pakistan's addition to Amazon's list to involve our SMEs to join this
of seller countries, it's this barrier gateway with the best quality
that has been put down. With the products of international
promise of making it big by standards.
April/May 2021