Textile exports up by 28.42 percent in May


Exports of textile group registered a growth of 28.42 percent in May 2018 and increased to US $1.204 billion from US $ 937.723 million for the same month a year before. According to Pakistan Bureau of Statistics (PBS) data for selected commodities released on Wednesday, export of raw cotton increased by 90.94 percent to US $970,000 as compared to US $508,000 for the same month of the last fiscal year while export of cotton yarn increased to US $130.138 million from US $92.135 million.

Export of cotton cloth increased to US $191.681 million in May 2018 from US $157.012 million in May 2017 following a growth of 22.08 percent while export of yarn other than cotton yarn increased to US $3.785 million in May 2018 from US $2.123 million in May 2017, showing a growth of 78.29 percent.

Export of knitwear registered an increase of 39.20 percent to US $258.864 million in May 2018 as opposed to US $185.969 million for the same month of last year and export of bed wear were increased to US $199.971 million in May 2018, 27.97 up over US $156.269 million for the same period of the last fiscal year. Export of towels increased to US $69.149 million in May 2018 which are higher by 14.18 percent over US $60.561 million for May 2017, export of tents, canvas and tarpaulin were US $7.813 million in May 2018 against US $4.785 million for the same month of last year.

Export of readymade garments increased to US $223.375 million in May 2018 over US $180,156 million for the same month of the last year and registered a growth of 23.99 percent while export of art, silk & synthetic textile were US $27.666 million in May 2018 against US $23.439 million for the same month of last year, registering a growth of 18.03 percent. Export of made-up articles (excluding towels & bed-wear) increased to US $58.841 million in May 2018 from US $46.907 million for May 2017, showing a growth of 25.44 percent while exports of other textile materials went up to US $32.006 million in May 2018 from US $27.859 million for the same month of last fiscal year subsequent to 14.89 percent growth.

A growth of 9.82 percent was recorded in exports of textile sector during the last eleven months (July 2017-May 2018) of the current fiscal year and they increased to US $12.336 billion from US $11.232 billion for the same period a year before.

Export of raw cotton increased by 32.66 percent to US $57.541 million from US $43.374 million while export of cotton yarn increased by 9.97 percent in July-May 2018 to US $1.247 billion from US $1.134 billion during the period under review.

Export of cotton cloth increased by 2.80 percent in July-May 2018 to US $2.015 billion from US $1.96 billion and export of yarn other than cotton yarn increased by 38.01 percent to US $30.273 million in July-May 2018 from US $21.935 million in July-May 2017.

Export of knitwear increased to US $2.460 billion in July-May 2018 from US $2.106 billion for the same period of the last year, export of bed wear increased to US $2.055 billion from US $1.927 billion and export of towels increased to US $736.924 million in July-May 2018 from US $724.863 million for the same period of the last year.