Pakistan textile export products worth $10 Billion in 7 months

Pakistan textile export worth: According to a report released on Friday by the Pakistan Bureau of Statistics (PBS), textile exports totaled $10,039.743 million for the first seven months of the current fiscal year (2022-23)

When compared to the exports of $10,933.059 million during the same period last year, the textile exports during the period showed a decline of 8.17%. (July-January 2021-22).

When compared to the same time previous year, textile exports increased over the months of July through January (2022–2023). Raw cotton exports increased by 134.77 percent, from $5.233 million to $12.286 million.

From $65.339 million to $74.122 million, tent, canvas, and tarpaulin exports increased by 13.44 percent.

Cotton yarn was among the textile products with a negative growth in trade, with exports falling by 34.66%, from $ 687.857 million to $449.419 million.

Cotton yarn (other than cotton yarn) decreased by 23.15 percent, from $34.031 million to $26.154 million, cotton (carded or combed) decreased by 9.34 percent, from $1.610 million to $0.947 million, knit-wear decreased by 2.93 percent, from $2,887.880 million to $2,803.298 million, bed wear decreased by 14.81 percent, from $1,924.030 million to $1,639.103 million, and towels decreased by 5.29 percent, from $61

Declining Exports of Textile Goods in January 2023: A Detailed Overview

A similar decline was seen in the exports of ready-made clothing, which fell by 1.71 percent from $2,162.627 million to $2,125.698 million; art, silk, and synthetic textile, which fell by 8.88 percent from $262.519 million to $239.208 million; and made-up articles, which exclude towels and bedclothes, which fell by 11.41 percent from $491.091 million to $435.050 million. In contrast, the exports of all other textile materials increased by 3.98 percent

The exports of textile goods also decreased 14.83 percent year over year (YoY) in January 2023, from $ 1,551.890 million in January 2022 to $ 1,321.768 million.

According to PBS data, the exports of textile goods fell 2.53 percent month over month (MoM) in January 2022 compared to the $2,356.061 million exports in December 2022.