ISLAMABAD, (State Observer ) :The exports of textile commodities witnessed an increase of 8.23 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year.
The textile exports were recorded at $8765.739 million in July-January (2020-21) against the exports of $8099.095 million in July-January (2019-20), showing growth of 8.23 percent, according to latest data of Pakistan Bureau of Statistics (PBS).
The textile commodities that contributed in positive trade growth included knitwear, exports of which increased from $1831.758 million last year to $2175.021 million during the current year, showing growth of 18.74 percent.
Likewise, the exports of yarn (other than cotton yarn) increased by 4.63 percent, from $16.286 million to $17.040 million whereas, exports of bed wear increased by 16.38 percent from $1392.020 to $1613.509 while the exports of towels increased by 19.91percent, from $444.685 million to $533.207 million.
The exports of tents, canvas and tarplin grew by 48.95 percent, from $49.611 million to $73.897 million; ready made garments by 5.48 percent, from $1680.897 million to $1773.054 million; art, silk and synthetic textile by 0.45 percent, from $199.790 million to $200.687 million while exports of made up article (excluding towels and bed wear) increased by 18.01 percent, from $378.680 million to $446.878 million.
885 million to $0.593 million; cotton yarn decreased by 23.97 percent, from $639.770 to $486.426 whereas the exports of cotton cloth also decreased by 8.63 percent, from $1188.990 million to $1086.333.
It is pertinent to mention here that the country’s merchandize exports increased by 5.53 percent during the first seven months of the current fiscal year (2020-21) as compared to the corresponding period of last year.
Based on the figures, the country’s trade deficit increased by 8.27 percent during the first seven months as compared to the corresponding period of last year. The trade deficit during the first seven months of the current fiscal year was recorded at $14.963 billion against the deficit of $13.820 billion last year.