Textile exports reached $12,476.5 million during the first nine months of the current fiscal year (2022-23), the Pakistan Bureau of Statistics (PBS) reported as on April 18, 2023. Textile exports showed a decline of 12.4 percent from $14,242.6 million during the same period of last year (July-March 2021-22). The export of raw cotton witnessed positive growth during July-March (2022-23) of 97.5 percent from $6.6 million (last fiscal year) to $13.0 million, and that of tents, canvas and tarpaulin went up by 25.1 percent from $82.1 million to $102.8 million.Similarly, the export of cotton yarn showed negative growth by 36.9 percent from $908.5 million to $573.1 million. Likewise, the export of cotton cloth decreased by 14.3 percent from $1,795.5 million to $1,538.0 million; cotton (carded or combed) by 39.0 percent from $1.6 million to $1.0 million, yarn (other than cotton yarn) by 31.7 percent from $48.2 million to $32.9 million, knit-wear by 9.1 percent from $3,729.7 million to $3,390.3 million, bed wear by 17.0 percent from $2,448.7 million to $2,031.7 million and towels by 9.1 percent, from $819.6 million to $745.3 million.The export of readymade garments also declined by 7.2 percent from $2,863.6 million to $2,657.3 million; art, silk and synthetic textile by 9.9 percent from $343.6 million to $309.4 million; made-up articles (excluding towels, bedwear) by 14 percent from $627.0 million to $534.8 million, and all other textile materials by 3.7 percent from $567.8 million to $546.8 million.On a year-on-year (YoY) basis, the textile goods’ exports declined by 22.6 percent in March 2023 to $ 1,257.8 million against $1,625.2 million in March 2022. On a month-onmonth (MoM) basis, the textile goods’ exports however increased by 6.5 percent in March 2023 against $1180.4 million in February 2023, according to the PBS data.
Source: IBP