The value of textile and garment exports from Pakistan increased by 28.67 per cent year-on-year in dollar terms in the first two months of fiscal 2021-22. During the period, Pakistan earned $2.933 billion from textile and apparel exports, compared to exports of $2.280 billion in July-August 2020, according to data from Pakistan Bureau of Statistics.

Category-wise, knitwear exports rose by a sharp 34.12 per cent year-on-year to $756.883 million during the two-month period, while exports of non-knit readymade garments were up 22.57 per cent to $584.913 million.

Among textiles, cotton yarn exports increased by 67.97 per cent to $193.389 million in July-August 2021, as against exports of $115.136 million made during the corresponding period of 2020. Exports of cotton fabric also rose by 24.74 per cent and were valued at $367.624 million during the period under review.

Bedwear exports jumped by 24.50 per cent to $528.109 million during the year, the data showed.

On the import side, synthetic fibre imports shot up by 91.12 per cent year-on-year to $162.351 million, while imports of synthetic and artificial silk yarn skyrocketed 95.44 per cent to $154.261 million during July-August this year.

Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 160.52 per cent year-on-year to $144.428 million during the two-month period.

In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.

Source: F2F