Export of textile products witness 3.72% growth in two months

ISLAMABAD: Textile group exports from the country during the first two months of current financial year (July-August) grew by 3.71 percent as compared the corresponding period of the last year.

During the period from July-August, 2018 textile products worth $ 2.280 billion exported as compared the exports of $ 2.179 billion of same period of last year, according the latest data released by the Pakistan Bureau of Statistics on Wednesday.

On month on month basis, the textile group exports from the country also witnessed 7.33 percent growth in August, 2018 as compared the same month of last year. During the period under review country earned $ 1.258 billion by exporting the textile products as against the $ 1.172 billion of same month last year, it added.

In first two months, the textile products which recorded positive growth in their exports included cotton yarn by 6.52 percent, yarn other then cotton by 2.84 percent, knitwear by 11.29 percent, bed wear by 2.72 percent and towels by 7.02 percent respectively.

The textile items with negative growth in their exports during the period under review including raw cotton by 62.14 percent, cotton cloth by 0.69 percent, and other textile products by 13.13 percent respectively.

From July-August, 2018 about 79,733 metric tons of cotton yarn valuing $ 224.145 million exported as against the exports of 81,064 metric tons worth $ 210.418 million of same period of last year, it said.

About 1,988 metric tons of yarn other than cotton yarn valuing $ 5.065 million exported during the period under review as compared the exports of 1,725 metric tons worth $ 4.925 million of same period of last year, the data revealed.

The country exported about 21,440 thousand dozens of knit wear worth $ 488.815 million in first two months of current financial year as compared the exports of 16,992 thousand dozens valuing $ 439.224 million of same period last year, it added.