Textile exports surge 28.67% to $2.9bn in 2 months; 45.19% in August

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Textile exports surge 28.67% to $2.9bn in 2 months; 45.19% in August
Textile exports surge 28.67% to $2.9bn in 2 months; 45.19% in August

The exports of textile commodities surged by of 28.67 percent during the first two months of the current fiscal year as compared to the corresponding period of last year and surged by 45.19 percent on year-on-year basis (YoY).
The textile exports were recorded at $2933.938 million in July-August (2021-22) against the exports of $2280.119 million in July-August (2020-21), showing growth of 28.67 percent, according to latest data of Pakistan Bureau of Statistics (PBS).
The textile commodities that contributed in trade growth included cotton yarn, the exports of which increased from $115.136 million last year to $193.389 million during the current year, showing growth of 67.97 percent.
Likewise, the exports of yarn cotton cloth increased by 24.74 percent, from $294.724 million to $367.624 million whereas, exports of cotton (carded of combed) increased by 100 percent to 0.770 million.
The exports of yearn (other than cotton yarn) increased by 123.73 percent, from $3.473 million to $7.770 million whereas the exports of knitwear went up by 34.12 percent, from $564.343 million to $756.883 million and bed wear by 24.50 percent, from $424.187 to $528.109 million.
The exports of towels during the period under review increased by 20.67 percent, from $133.104 million to $160.612 million, readymade garments by 22.57 percent, from $477.216 million to $584.913 million, art, silk and synthetic textile by 34.08 percent, from $51.613 million to $69.202 million, made up articles (exluding towes and bed wear) by 21.26 percent from $109.846 million to $133.194 million whereas exports of other textile materials increased by 37.44 million, form $86.743 million to $119.222 million.
The commodities that witnessed negative growth in trade included during the period under review included raw cotton, exports of which decreased by cent percent whereas the exports of tents, canvas and trapulin declined by 37.19 percent, from $19.504 million to $12.250 million.

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