Textile exports decline 16pc in March

Published April 21, 2015
The fall was witnessed for the second consecutive month, after posting a positive growth of 10.23pc in January 2015. —AP/File
The fall was witnessed for the second consecutive month, after posting a positive growth of 10.23pc in January 2015. —AP/File

ISLAMABAD: Exports of textile and clothing witnessed a negative growth of 16.23 per cent to $1.033 billion in March 2015 from $1.233bn in the same month last year, Pakistan Bureau of Statistics data showed on Monday.

The fall was witnessed for the second consecutive month, after posting a positive growth of 10.23pc in January 2015.

During the first nine months (July-March) of 2014-15, the exports of textile and clothing also witnessed a negative growth of 1.57pc.

Product-wise details show that export of low value-added products, such as cotton yarn, dipped by 29.36pc; yarn other than cotton yarn 31.04pc and made-up textile excluding towels by 13.62pc. The export of art, silk dropped by 24.87pc; cotton carded 35.77pc and cotton cloth by 14.45pc.

Moreover, raw cotton export witnessed a steep decline of 85.72pc during the month from a year ago.

Exports of value-added products also witnessed a decline during the month. Knitwear exports decreased by 7.41pc and readymade garments by 5.20pc. The exports of bedwear dipped by 16.84pc and towels by 19.03pc. However, only tents exports witnessed a growth of 42.38pc during the month.

Total exports stood at $17.930bn in July-March 2014-15 as compared to $19.072bn in the same period last year, a decline of 5.99pc.

OIL AND FOOD PRODUCTS: Import bill of oil and eatables in July-March 2014-15 witnessed a decline of 9.15pc to $12.758bn from $14.044bn in the same period last year.

However, total import bill during the period increased by 2.92pc to $33.997bn from $33.032bn a year ago.

The import bill of food products witnessed a surge of 24.61pc to $3.868bn as compared to $3.104bn.

The import of wheat witnessed an increase of 72.77pc; pulses 32.23pc and all other products 61pc. Import bill of sugar also increased by 12.61pc.

Oil import bill reached $8.890bn during the period under review as against $10.940bn in July-March 2013-14, a decline of 18.74pc. Import of crude oil declined by 25.60pc and petroleum products by 14.29pc.

Published in Dawn, April 21st, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Opinion

De-programming the robot
25 Jul 2021

De-programming the robot

The robot that is programmed to be a predator, to dominate, to hurt, to rape, to kill, will do as he pleases, where he pleases...
A toxic discourse
Updated 25 Jul 2021

A toxic discourse

Politics as it exists now is a catalyst for further divisions...
Cyberespionage
25 Jul 2021

Cyberespionage

Sellers of surveillance tools must be held accountable...
Managing human agency
24 Jul 2021

Managing human agency

Is the private sector able to manage the ‘human agency’ of teachers better than the public sector?...

Editorial

Noor murder case
Updated 25 Jul 2021

Noor murder case

IT would not be an exaggeration to describe Pakistan as no country for women. This truth was underscored yet again...
25 Jul 2021

Rental inflation

HOUSE rent prices soared in June by 6.21pc from 4.2pc a year ago, topping the list of 10 contributors to the urban...
Cyberattack on rights
Updated 24 Jul 2021

Cyberattack on rights

A COLLABORATIVE investigation into a data leak of software sold by the Israeli surveillance company NSO Group has ...
24 Jul 2021

Sleeper cells

THERE was a time not too long ago when militant groups had unleashed a reign of terror in Pakistan, resulting in...
24 Jul 2021

Prisoners’ return

THE families of 62 Pakistani prisoners who had been imprisoned in Saudi Arabia had reason to rejoice this Eid as...