Page 19 - TEXtalks International April/May 2022

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Pakistan’s exports show an

excellent upward trend

The exports of Pakistan textile commodities jumped million, which is 25.59% higher than the
by 25.43 per cent during the first nine months of the corresponding period of the fiscal year 2020-21.
current fiscal year (2021-22) as compared to the Import volume of the textile group remained
corresponding period of last year, according to $2,786.5 million in July-Mach 2020-21.
Pakistan Bureau of Statistics (PBS) report. As per
PBS data, the textile exports were recorded at The PBS data shows that the import of raw cotton,
$14,242.623 million in July-March (2021-22) against synthetic fiber, and synthetic silk yarn decreased in
the exports of $11,355.465 million in July-March quantity during the period under review. The import
(2020-21), showing growth of 25.43%. The textile value recorded increased due to higher
commodities that contributed in trade growth commodities prices in the international market.
included cotton yarn, the exports of which increased During three quarters of the current fiscal year,
by 25.97% from $721.216 million last year to 533,871 metric tons of raw cotton worth $1,205.47
$908.487 million during the current year. Likewise, million were imported, while in the corresponding
the exports of raw cotton increased by 1009.0% , period of the previous year, 624,945 metric tons of
cotton cloth by 26.5%, from $1,419.181 million to raw cotton worth $1,032.08 million were imported
$1,795.457 million, cotton (carded or combed) by that showing 14.57% decrease in terms of quantity
100% to $1.632 million from $0.064 million exports while 16.8 % increase in terms of value. The same
last year, yarn (other than cotton yarn) increased by trend was seen in the import of synthetic fiber as its
104.5%, from $23.560 million to $48.188 million quantity slide down 15.85 % to 291,364 MT from
whereas exports of knitwear increased by 34.1%, 346,248 MT, while import value rose 27.51% from
from $2,780.896 million to $3,729.683 million. $440.986 to $562.281 million. Import of synthetic silk
yarn recorded a 30% increase in value. In
Meanwhile, on year-on-year basis, the textile exports comparison, 7.64% decline in quantity as 293,191
increased by 19.90 per cent during the month of MT of synthetic silk yarn worth $650.219 million was
March 2022 as compared to the same month of last imported during the first 9 months of 2021-22, while
year. The exports during March 2022 were recorded 317,440 MT of the same commodity worth $499.788
at $1,625.253 million against the exports of million was purchased from abroad from July-March
$1,355.542 million during March 2021. On 2020-21.
month-on-month basis, the exports of textile from
the country however witnessed a decrease of 3.51% Meanwhile, import of worn clothing recorded a 56.87
during March 2022 when compared to the exports of and 66.47% increase in quantity and value,
$1,684.313 million in February 2022. As per report, respectively. As per PBS data, 764,139 MT of worn
the country’s total merchandise exports increased clothing worth $341.319 million was imported during
by 24.98% during the first nine months of the current the period compared to 487,107 MT of worn clothing
fiscal year. The merchandise exports during having a value of $205 million. Import of other textile
July-March (2021-22) were recorded at $23.355 items also increased 21.64 % during July March
billion compared to the exports of $18.687billion 2021-22 and surged to $740.383 million from
during July-March (2020-21). $608.677 million in the first nine months of 2020-21.
Pakistan’s export to China crossed $ 1.039 billion in
Despite a decrease in cotton and other raw the first quarter of 2022, recording a nearly 17%
materials import, Pakistan had to pay 25% more on increase from January to March this year, as per the
imports of textile group commodities due to higher General Administration of Customs of the People
international prices in the first nine months of the Republic of China (GACC). According to data from
fiscal year 2021-22. According to statistics issued by GACC, in the first three months of this year, China’s
the Pakistan Bureau of Statistics, the total value of exports to Pakistan also increased 28.69 %,
imports of the textile group in the first nine months of amounting to $6.058 billion compared with the
the fiscal year 2021-22 was recorded at $3,499.68 previous year, which was $4.70 billion.

April/May 2022