The value of textile and garment exports from Pakistan increased by 24.73 per cent year-on-year in dollar terms in the first seven months of fiscal 2021-22. During the period, Pakistan earned $10.933 billion from textile and apparel exports, compared to exports of $8.765 billion in July-January 2020-21, according to data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 32.76 per cent year-on-year to $2.887 billion during the seven-month period, while exports of non-knit readymade garments were up 21.98 per cent to $2.163 billion.
Among textiles, cotton yarn exports increased by 41.41 per cent to $687.857 million in July-January 2021-22, as against exports of $486.429 million made during the corresponding period of 2020-21. Exports of cotton fabric also rose by 24.41 per cent and were valued at $1.351 billion during the period under review.
Bedwear exports jumped by 19.25 per cent to $1.924 billion during the seven-month period, the data showed.
On the expenditure side, synthetic fibre imports shot up by 37.61 per cent year-on-year to $445.981 million, while imports of synthetic and artificial silk yarn rose 31.42 per cent to $501.528 million during July-January 2021-22.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 77.50 per cent year-on-year to $504.269 million during the seven-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.