Garment exports increase by 3.76% in two-months

1363
Garment exports increase by 3.76% in two-months

ISLAMABAD, Oct 5 (APP): Exports of ready made garments from the country during first two-months of current financial year registered an increase of 3.76 percent as compared to the exports of the corresponding period of last financial year.

During the period from July-August, 2016, about 5,109 thousand dozen ready made garments worth US$ 364.072 million were exported as compared to the exports of 4,944 thousand dozen valuing US$ 350.867 million of same period of last year.

According the data of Pakistan Bureau of Statistics, bed wear exports grew by 5.28 percent as about 58,365 metric tons of bed wear worth US$ 355.799 million exported in last two months of current financial year.

The exports of bed wear was recorded at 52,151 metric tons with total cost of US$ 337.955 million in July-August, 2015-16.

Meanwhile, exports of tents, canvas and tarpaulin increased by 82.55 percent as 5,226 metric tons of the above mention commodities worth US$ 16.807 million were exported as compared to the exports of 3,651 metric tons valuing US$ 9.207 million of same period of last year.

Madeup particles exports also witnessed 11.83 percent increase as madeup articles valuing US$ 102.44 million exported as it was recorded at US$ 91.61 millie in same period of last financial year.

During the period under review, other textile material exports posted 9.35 percent and textile materials worth US$ 69.288 million were exported as compared to the exports of US$ 63.361 million of same period of last year.

It may be recalled that textile group exports reduced by 2.64 percent in first two months of current financial year and was recorded at US$ 2.71 billion as compared to the exports of US$ 2.127 billion of same period of last year.

The exports of raw cotton, cotton yarn and cotton cloth were decreased by 55.67 percent, 16.64 percent and 4.12 percent respectively.

However, exports of cotton carded or combed registered 537.04 percent increase in first two-months of current financial year.