Textile, clothing exports rise

Published August 23, 2013
- File Photo
- File Photo

ISLAMABAD: Pakistan’s export of textile and clothing products witnessed a double digit growth in the first month of the current fiscal year from a year ago.

The export proceeds from these sectors rebounded following substantial increase in exports of raw cotton, showed data of Pakistan Bureau of Statistics here on Thursday.

Export of textile and clothing surged to $1.136 billion in July 2013 from $1.090bn during the corresponding month of last year.

Textile and clothing products, which witnessed a negative growth are cotton carded and yarn other than cotton yarn in July 2013 over the same month last year.

However, growth in exports in July was mainly driven by knitwear, bed-wear, towels and readymade garments, which are valued-added products.

An official source in the Commerce Ministry told Dawn that exports witnessed a double digit growth because of increase in export to the European market owing to preferential market access on selected products.

The European Union preferential package on import of 75 items was in operation since December 2012.

“Our exporters have received more orders than in normal circumstances because of preferential duties,” the official added.

A sector-wise analysis showed that export of low value-added products, such as cotton yarn, was up by 15.55pc, cotton cloth 16.18pc, made-up articles 5.81pc and other textile material 1.64pc in first month of the current fiscal year over same month last year.

Export of knitwear increased by0.99pc, bed-wear 9.60pc, towels 7.10pc, and readymade garments 16.25 pc in July 2013 this year over the same month last year.

Statistics shows that export of raw cotton witnessed a robust growth of 476.56pc, and art, silk and synthetic textile by 3.86pc in the first month of the current fiscal year over last year.

Industry sources said that consistent supply of gas during the period under review to textile sector produced the desired results.

The growth in yarn and fabric exports was mainly because of improved energy supply.

The full capacity utilisation of production caused growth in export of home textile — towels and bed-wear as well.

This shows that in case of uninterrupted supply of energy, export of textile products would increase many-fold.

Contrary to this, over 18.13pc increase was also witnessed due to rupee depreciation against the dollar in the past few months.

The non-textile products witnessed a growth of 11.68pc in the first month of the current fiscal year as its value stood at $1.061bn in July 2013 from $0.95bn over the corresponding month of last year.

The exports of non-textile products was mainly driven by exports of sugar, meat, fish products, carpets, sports goods, leather products, etc.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.