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ITMF publishes Textile exports

the new witness nominal

International growth

Production Cost During the first three quarters of the ongoing fiscal

Comparison year, Pakistan textile exports witnessed a nominal
increase of 0.08 percent as compared to the
same period last year.
(IPCC) According to Pakistan Bureau of Statistics (PBS),

The textile exports during July-March (2018-19)
were recorded at $9991.428 million compared to
the exports of $9983.065 million during the same
period of last year.

Positive growth witnessed by textile commodities
in external trade included knitwear, exports of
which grew from $1971.906 million last year to
$2155.039 million during the current fiscal year,
showing growth of 9.29 percent.

International Production Cost Comparison (IPCC) Transformation of this NE30 yarn in a woven ring The bed wear’s exports increased by 2.69
published by ITMF is designed to trace implications yarn fabric shows a comparatively similar pattern in percent, from $1674.096 million to $1719.185
of the growing capital intensity in the primary textile labor cost in Korea, Italy and the USA but a different million while the exports of canvas, tents, and
industry. The publication describes manufacturing power costs pattern, where each country’s relative tarpaulin have increased by 3.49 percent, from
and total costs of yarn/fabric broken down into share to total manufacturing costs is now below $65.953 million to $68.252 million.
various cost elements at different stages of the sample average. While the sample avg. rises at
textile value chain. The edition adds a finishing 26pc, the share of power drops to 17pc in Italy and Data revealed that readymade garment exports
segment to the historical cost analysis in spinning, Korea and 9pc in the USA. This avg. is risen by grew by 2.02 percent, from $1918.313 million to
draw texturing, weaving, and knitting. For the first time Indonesia, India, Brazil, Pakistan, and China where $1957.018 million and the exports of madeup
also, the geographic coverage counts Pakistan and the share of power cost to total manufacturing cost articles (excluding towels) increased by 1.26
Bangladesh besides Brazil, China, Egypt, India, is between 30pc and 40pc. The data shows that the percent, from $513.364 million last year to
Indonesia, Italy, Korea, Rep., Turkey, U.S.A., and Vietnam. labor shares are equal to the of power shares in $519.857 million. Meanwhile, the textile
China, Brazil, and Egypt (i.e. 20pc, 14pc, 6pc, commodities that witnessed negative growth in
The report allows better appreciation of the relative respectively) and that labor is relatively more external trade included raw cotton, exports of
importance of the cost elements and their expensive than power in USA, Italy, and Korea which shrunk by 71.84 percent, from $55.825
respective influence on the total costs. For example, (about 14, 8, and 4 times higher, respectively) or million last year to $15.721 million.
in the Spinning Ring/NE30 category, the report relatively cheaper in India, Bangladesh, and
shows high manufacturing cost countries (i.e., in Pakistan (3, 3.5, and 4 times lower, respectively). The exports of cotton yarn also decreased from
USD/kg of yarn, Italy = 2.35, Korea = 1.60, U.S.A. $987.797 million to $835.325 million, a decline of
= 1.54) as well as countries with a higher share of The IPCC further covers the categories of Texturing 15.44 percent whereas the exports of cotton cloth
labor cost (respectively 33pc, 27pc, and 31pc). (75den/72F), Spinning Rotor/NE20, Weaving Rotor slid by 2.09 percent, from $1630.268 million to
However, the share of power in both countries Yarn Fabric, Knitting Textured Yarn Fabric, Knitting $1596.271 million.
equals the sample avg. It reaches 21pc in Italy and Rotor Yarn Fabric, Finishing - Knit - Continuous
Korea and 10pc in USA, a level comparable to that Open Width (COW), and Finishing - Knit -
measured in Egypt. Discontinuous (JET).

May/June 2020 April/May 2019