Textile exports decrease 1.98% in 11 months

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ISLAMABAD, June 21 (APP): The textile exports from the country
witnessed decrease of 1.98 percent during the first eleven months of
the current fiscal year compared to the corresponding period of last
year.
The textile exports during July-May (2016-17) were recorded at
$11,234.885 million compared to the exports of $11,461.497 million
recorded during July-May (2015-16), according to data released by
the Pakistan Bureau of Statistics (PBS).
The textile products that contributed in the negative growth
included cotton yarn, the trade of which decreased by 3.64 percent
by going down from the exports of $1,176.999 million last year to
$1,134.191 million during the current year.
The exports of cotton cloth also decreased from $2,065.794
million to $1,945.670 million, showing negative growth of 5.81
percent while the exports of raw cotton decreased by 47.14 percent,
from $75.996 million to $40.169 million.
The exports of yarn (other than cotton yarn) decreased by
27.32 percent by falling from $30.648 million to $22.274 million
while the exports of knitwear decreased by 1.84 percent from
$2,146.744 million to $2,107.612 million.
Exports of towels decreased from $739.986 million to $704.702
million, a decline of 4.77 million while the exports of arts, silk
and synthetic textile decreased by 32.99 percent, from $267.035
million last year to $259.127 million during the ongoing fiscal
year.
The made up articles (excluding towels and beadwear) witnessed
nominal decrease of 0.45 percent by going down from $586.093 million
to $583.480 million, according to PBS data.
The products that witnessed positive growth in the trade
included cotton (carded or combed), exports of which increased by
71.94 percent from $0.139 million last year to $0.239 million during
the ongoing year.
The exports of bed-wear increased by 3.22 percent by going up
from trade of $1,862.703 million to $1,922.648 million, exports of
tents, canvas and taruplin also increased by 4.1 percent by going up
from $81.336 million to $124.325 million while the exports of
readymade garments increased by 4.10 percent by growing from
$1,992.183 million to $2,073.943 million.
Meanwhile, On year-on-year basis, the textile exports during
May 2017 decreased by 12.24 percent as compared to the same months
of last year.
The textile exports during May 2017 were recorded at $938.589
million compared to the exports of 1,069.534 million during May
2016.
On month-on-month basis, the textile exports decreased by 8.47
percent in May 2017 when compared to the exports of $1,025.399
million during April 2017, the data revealed.