Textile, clothing exports soar to $13.7bn

Published June 20, 2021
Exports of ready-made garments were up by 14.35pc to $2.706bn in 11MFY21 against $2.367bn over the corresponding months of last year. — AFP/File
Exports of ready-made garments were up by 14.35pc to $2.706bn in 11MFY21 against $2.367bn over the corresponding months of last year. — AFP/File

ISLAMABAD: Pakistan’s exports of textile and clothing sectors posted nearly 19 per cent growth in the 11 months of current fiscal year (11MFY21) compared to the same period a year ago, data released by the Pakistan Bureau of Statistics showed on Saturday.

The growth in exports of value-added sectors contributed to an increase in overall exports from the sectors. One of the reasons for growth in these sectors is due to low-base of last year when export-oriented industries remained closed due to the Covid-19 lockdown and cancellation of orders from international buyers.

Total exports of textile and clothing were up 18.85pc to $13.748 billion between July and May this year against $11.567bn over the corresponding period in FY20.

On a monthly basis, export proceeds posted a growth of 41.14pc on a year-on-year basis to $1.06bn in May 2021.

Exports of ready-made garments were up by 14.35pc to $2.706bn in 11MFY21 against $2.367bn over the corresponding months of last year. Knitwear exports were up 32.70pc to $3.414bn against $2.572bn over the corresponding months of last year. Exports of bedwear increased by 24.60pc to $2.472bn this year against 1.984bn in FY20.

A growth of 28.54pc was seen in export of towels to $838.507m in 11MFY21 against $652.351m over the last year.

Similarly, in the value-added leather sector, exports of leather garments up by 9.92pc, leather gloves 19.08pc respectively. Exports of raw leather declined by over 17pc during these months.

In the non-value added sector, exports of cotton cloth posted a paltry growth of 0.97pc in 11MFY21 from a year ago. Similarly, exports of cotton yarn declined by 1.60pc and raw cotton 96.51pc. It clearly indicates that these raw materials were consumed mostly by the value-added sector as the government allowed duty-free import of these products.

Exports of cotton carded were up by 3.17pc and yarn other than cotton yarn by 20.24pc during the period under review.

Export proceeds of tents, canvas and tarpaulin are up by 15.54pc, art, silk and synthetic textile saw an increase of 12.26pc and made up articles excluding towels, bedwear went up by 23.43pc during the months under review.

Pakistan is one of the main suppliers of global surgical instruments. However, these instruments are re-marketed from western countries with famous brands. As a result, the export value of these products remain very less.

To bridge the shortfall in the domestic sector, the industry imported 775,428 tonnes of raw cotton between July to May against 472,015 tonnes last year, showing an increase of 69.52pc. Similarly, the import of synthetic fibre posted growth of 43.24pc as industry imports 419,459 tonnes this year as against 269,881 tonnes.

Published in Dawn, June 20th, 2021

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