According to the latest data released by the Pakistan Bureau of Statistics on Friday showed, Textile exports during December 2020 increased by 22.72 per cent to a historic high of $1.401 billion compared to $1.14bn in the correlating month of last year.
The country’s export during the month maximised by 9.20 pc on a methodically basis.
The textile exports increased by 7.79pc to $7.442bn in July-December against $6.904bn in the same period last year, the data showed on a accumulative groundwork.
Moreover, Bedwear exports increased by 16.38pc to $1.394bn; towels exports increased by 17.47pc to $445.709 million by the same token The textile commodities that contributed to positive trade growth included knitwear, exports of which increased to $1.849bn during 1HFY21 compared to $1.586bn last year.
Moving Further, exports of the commodities that witnessed negative growth included raw cotton, minimising by 96.14pc to $0.592m while those of cotton yarn minimised by 26.36pc to $400.730m. In addition, exports of cotton cloth also fell downwards by 7.73pc to $935.009m and yarn (other than cotton yarn) by 7.28pc to $13.464m.
Meanwhile, The exports of tents, canvas and tarpulin reached upto 57.77pc to $62.477m; readymade garments by 5.54pc to $1.490bn; art, silk and synthetic textile preceded by 0.17pc to $167.502m; made-up article by 17.46pc to $379.229m.
It is relevant to bring up here that the country’s merchandise exports climbed up by 4.98pc during the first half of the current fiscal year as compared to the correlating period of last year. In accordance to the latest PBS data The total exports from the country during July-December were recorded at $12.110bn against $11.524bn during the corresponding period last year.
The country’s trade undersupply increased by 6.44pc during the first half compared to the corresponding period of last year. The trade deficit during the first six months of the current fiscal year was recorded at $12.423bn against the deficit of $11.671bn last year on the numerical basis.