Non-textile exports dip

Published July 21, 2020
The only products which posted growth in export proceeds in the outgoing fiscal year were rice, meat, fruits, vegetables, tobacco, and footwear. — File photo
The only products which posted growth in export proceeds in the outgoing fiscal year were rice, meat, fruits, vegetables, tobacco, and footwear. — File photo

ISLAMABAD: Exports of non-textile products dipped nearly eight per cent year-on-year to $8.873 billion during July-June in FY20 owing to the cancellation of orders following the coronavirus outbreak since March.

In the pre-Covid-19 period, a consistent increase was noted in the exports of non-textile products in the first seven months of FY20, reversing the declining trend in last few years.

The only products which posted growth in export proceeds in the outgoing fiscal year were rice, meat, fruits, vegetables, tobacco, and footwear. All of the remaining products posted a negative growth during the year under review.

The data released by the Pakistan Bureau of Statistics showed carpet and rug exports declined by 19.33pc during the FY20 from a year ago.

The export of sports goods went down by 14.97pc and foreign sales of footballs dipped by 10.18pc. The export of gloves fell by 26.47pc.

Tanned leather goods witnessed a negative growth of 27.01pc in July-June FY20 from a year ago.

Data showed a year-on-year decline of 24.74pc in exports of petroleum products. Crude, naphtha and petroleum products contributed to the overall decline in the sector’s exports. The exports of leather products dipped by 2.4pc during the year under review. This decline was mainly led by leather garments, leather gloves, followed by other leather products.

Footwear exports went up by 2.86pc on the back of leather footwear, canvas footwear, and others in FY20 from a year ago. However, exports of surgical goods and medical instruments dipped 8.44pc. The export of engineering goods also dipped by 0.05pc during the year under review.

Published in Dawn, July 21st, 2020

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

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...