According to the latest data of the Pakistan Bureau of Statistics (PBS), the textile exports were recorded at $12692.840 million in July-April (2020-21) against the exports of $10816.276 million in July-April (2019-20), showing a growth of 17.35 percent.
The exports of towels increased by 27.18 percent, from $610.696 million to $776.708 million; exports of tents, canvas, and tarpaulin grew by 21.86 percent, from $78.556 million to $95.725 million; readymade garments by 12.56 percent, from $2231.697 million to $2512.021 million; made-up articles, excluding towels and bed wear by 22.22 percent, from $513.405 million to $627.479 million while the exports of art, silk, and synthetic textile increased from $272.919 to $301.634 million, showing growth of 10.52 percent.
Meanwhile, the commodities that witnessed negative growth in trade included raw cotton, exports of which decreased by 96.51 percent, from $17.002 million to $0.593 million; cotton yarn decreased by 4.03 percent, from $858.580 million to $823.948 million, whereas the exports of cotton cloth also reduced by 1.24 percent, from $1601.650 million to $1581.564 million. Based on the figures, the trade deficit increased by 21.60 percent by swelling from $19.593 billion last year to $23.825 billion during the current fiscal year.
