According to the Pakistan Bureau of Statistics (PBS), the exports of Pakistan textile commodities increased by 28.26% during the first 11 months of the fiscal year (2021-22) compared to the corresponding period of last year.
The textile exports were recorded at $17,623.635 million in July-May (2021-22) against the exports of $13,740.113 million in July-May (2020-21).
The textile commodities that contributed to trade growth included cotton cloth, the exports of which increased by 30.24 percent to $2,236.855 million during the current year as compared to the exports of $1,716.216 million last year.
Other commodities that witnessed growth in trade included cotton yarn, the exports of which grew by 24.18 percent, from $896.039 million to $1,112.713 million, and raw cotton by 1009 percent from 0.593 million to $6.577 million.
Likewise, the exports of cotton (carded or combed) increased by 1450 percent, from $0.064 million to $1.632 million, yarn (other than cotton yarn) by 109.68 percent, from $28.912 million to $60.624 million whereas the exports of knitwear increased by 36.44 percent, from $3,405.133 million to $4,646.029 million.
Exports of bed wear increased by 21.68 percent, from $2,472,782 million to $3,008,838 million, towels by 21.66 percent, from $838.505 million to $1,020.111 million, ready made garments by 30.63 percent, from $2,706.902 million to $3,535.959 million, art, silk & synthetic textile by 29.34 percent, from $326,152 million to $421,860 million, made up articles (excluding towels and bead wear) by 15.19 percent, from $421.860 million to $780.180 million whereas the exports of all other export materials increased by 21.58 percent, from $780.180 million to $692797 million.
In comparison to the corresponding period of last year, the overall merchandize exports from the country witnessed an increase of 27.78 percent during the first eleven months of the current fiscal year (2021-22). This is particularly significant as the textile exports from the country increased by 56.08 percent during this time, growing from $1,051.933 million in May 2021 to $1,641.901 million in May 2022.
PBS data shows that the country’s exports were $28.848 billion during July-May (2021-22), compared to $22.576 billion during July-May (2020-21), representing a 27.78% growth. Similarly, imports during the months under review saw a 44.28% increase, growing from $50.028 billion last year to $72.182 billion in July-May (2021-22).