Pakistan’s textile and clothing exports declined by over 15 per cent year-on-year to $1.007 billion in August, compared to $1.19bn in the corresponding month of 2019, data released by the Pakistan Bureau of Statistics showed on Monday.

The Current Status of Pakistan's Textile and clothing Export

The export proceeds dipped in the second month of current fiscal year after posting growth in the first month. As a result of Covid-19, the demand for country’s exports has collapsed during the last five months.

It was only in February when the textile and clothing exports jumped nearly 17% on a yearly basis. This growth was reported after a long time as the past few years had been marred by single-digit increases.

However, in July-August, textile exports edged lower by 0.98% to $2.28bn, from $2.302bn in same period of the previous year.

Details showed ready-made garment exports fell by 13.74% in value while plunging in quantity by 51.83% during August. Those of knitwear dropped 10.65% in value and 27.2% in quantity, bed wear 12.29% and 25.52%, respectively.

Towel exports fell by 10.12% in value and 15.85% in quantity, whereas those of cotton cloth dipped 17.91% and 33.42%.

The government lifted the ban on exports of seven products classified as personal protective equipment (PPE) in a bid to allow manufacturers to honor international orders.

Among primary commodities, cotton yarn exports plunged by 51.36%, yarn other than cotton by 100%, made-up articles — excluding towels —5.82% and raw cotton 94.4%. On the other hand, tents, canvas and tarpaulin increased by a massive 34.07% during the month under review.

The import of textile machinery dropped by 30.27% during the second month of FY1 — a sign that no expansion or modernization projects were taken up by the industry in the given period.

The country’s textile and clothing exports tumbled over 6% year-on-year to $12.526bn in FY21, compared to $13.327bn in the corresponding period of FY20.



Facebook Conversations