Lahore (19th Nov, 2019): Textile sector exports witnessed about 7.44 per cent growth in month of October.

 

Textile group exports from the country during first four months (July-October) of current financial year increased by 4.10 per cent as compared the exports of the corresponding period of the previous year.

Meanwhile, textile sector exports witnessed about 7.44 per cent growth in month of October against the exports of same month of the last year, according the latest data of advance releases on foreign trade statistics, released by the Pakistan Bureau of Statistics on Tuesday.

During the same period, textile products worth over US $4.586 billion were exported against the exports of US $4.406 billion of same period last year, showing an increase of 4.10 per cent, it added.

On monthly basis, the textile products over US $1.214 billion were exported in month of October as compared to the exports of US $1.130 billion of same month last year.

During the period under review, exports of readymade garments grew by 12 per cent, knitwear 9.49 per cent, bed wear 5.72 per cent, towels 0.80 per cent, art, silk and synthetic textile increased by 9.46 per cent, respectively, it added.

Meanwhile, the exports of raw cotton from the country increased by 0.78 per cent, cotton carded or combed 100 per cent and yarn grew by 21.24 per cent, respectively, the data revealed.

However, the exports of textile products which observed negative growth in their respective exports included cotton yarn that decreased by 2.14 per cent, cotton cloth 4.83 per cent, tents, canvas and tarpulin by 1.58 per cent, it added.

During the same period, the country exported about 40,246 thousand dozen of knit wear valuing US $1.054 billion against the exports of 37,790 thousand dozen worth of US $ 962.862 million last year, which was up by 9.49 percent, it said.

Moreover, 172,547 metric tons of bed wear worth US $817.665 million were also exported as compared to the exports of 144,574 metric tons valuing of US $773.447 million last year.

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