Textile, clothing exports fall 1.21pc

Published May 21, 2015
On a monthly basis, nominal growth of 2.94pc was witnessed in April 2015. In the last couple of months, exports of textile and clothing witnessed a negative growth.  — Reuters/file
On a monthly basis, nominal growth of 2.94pc was witnessed in April 2015. In the last couple of months, exports of textile and clothing witnessed a negative growth. — Reuters/file

ISLAMABAD: Pakistan’s exports of textile and clothing fell by 1.21 per cent in 10 months of the current fiscal year from a year ago.

Export proceeds of textile and clothing fell to $11.281 billion in July-April 2015 from $11.420bn over the corresponding period of last year, Pakistan Bureau of Statistics data showed.

On a monthly basis, nominal growth of 2.94pc was witnessed in April 2015. In the last couple of months, exports of textile and clothing witnessed a negative growth.

Export of low value-added products dipped by 7.50pc; cotton cloth 10.98pc; art, silk dropped by 12.02pc and other textile material 0.11pc. Raw cotton export witnessed a steep decline of 26.22pc during the months from a year ago.

Contrary to this, exports of cotton carded was up by 2.49pc; yarn other than cotton yarn 5.40pc; made-up textile, excluding towels by 0.09pc and tents, canvas 73.26pc.

Export of value-added products witnessed an increase during the months. Knitwear exports increased by 7.76pc and readymade garments by 9.14pc in July-April 2015 over last year.

Export of bedwear dipped by 1.13pc. However, export of towels witnessed a growth of 3.20pc. Total exports stood at $19.921bn in July-April 2014-15 as compared to $20.979bn in the same period last year, a decline of 5.04pc.

Oil and food: Import bill of oil and eatables in July-April 2014-15 witnessed a decline of 10.298pc to $14.06bn from $15.674bn in the same period last year.

However, total import bill during the period increased by 1.83pc to $37.763bn from $37.084bn a year ago.

The import bill of food products witnessed a surge of 21.76pc to $4.205bn as compared to $3.453bn.

The import of wheat witnessed an increase of 72.90pc; pulses 34pc and all other products 57.67pc. Import bill of sugar also increased by 11.34pc.

Oil import bill reached $9.855bn during the period under review as against $12.221bn in July-April 2014-15, a decline of 19.36pc.

Import of crude oil declined by 24.29pc and petroleum products by 16.26pc.

Published in Dawn, May 21th, 2015

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

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Canal politics
Updated 20 Apr, 2025

Canal politics

The consequences of the state taking decisions without regard for its people can be seen yet again in the form of widespread restlessness and anger.
Lesser citizens
20 Apr, 2025

Lesser citizens

CAN the state ever turn the dream of communal harmony into reality? A slew of injustices torment Pakistan’s...
Winning spree
20 Apr, 2025

Winning spree

AFTER sealing qualification for the ICC Women’s World Cup, Pakistan skipper Fatima Sana immediately set her sights...
Deadlocked
Updated 19 Apr, 2025

Deadlocked

Politicians’ refusal to talk to each other and resolve issues has created space for a different type of rulership to take over.
Trump vs Harvard
19 Apr, 2025

Trump vs Harvard

AMONGST the ‘enemies of the people’ in Trumpian America are elite universities seen as the bastions of liberal...
External account stability
19 Apr, 2025

External account stability

DRIVEN by a major spike in workers’ remittances last month, the country’s current account posted a record ...