Non-textile exports jump by over 24pc

Published April 19, 2022
WORKERS process hides at a tannery in Sialkot. Pakistan’s exports of raw leather increased by over 36.35 per cent during 9MFY22 from a year ago.—APP file photo
WORKERS process hides at a tannery in Sialkot. Pakistan’s exports of raw leather increased by over 36.35 per cent during 9MFY22 from a year ago.—APP file photo

ISLAMABAD: Pakistan’s non-textile exports grew 24.28 per cent year-on-year to $9.11 billion in the first nine months of the current fiscal year (9MFY22) owing to a partial revival of international orders and the government’s support schemes.

Overall growth in the non-textile sector is mainly led by the value-added sectors. The non-textile sector has yet to receive full orders to pre-Covid levels, data compiled by the Pakistan Bureau of Statistics (PBS) showed.

In FY21, three sectors — leather garments, surgical instruments and engineering goods — have mainta­ined growth in export proceeds des­pite lockdowns in many countries.

In the value-added leather sector, exports of leather garments up by 7.95pc and leather gloves 8.74pc respectively. Contrary to this, the exports of raw leather increased by over 36.35pc during the first nine months (July-March) from a year ago.

Surgical and pharma sectors post negative growth in July-March

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

The export of surgical instruments posted a negative growth of 5.13pc in 9MFY22 over the same period in FY21. The exports of pharmaceutical products also posted negative growth of 3.25pc growth during the period under review.

The export of footwear increased by 17.92pc year-on-year led by leather and canvas footwear. The export of engineering products was up 2.80pc year-on-year in FY22. However, the export of electric fans dipped 2.12pc during the year under review.

The export of carpets went up by 12.28pc, while that of sports goods up 35.23pc during first nine months this year from a year ago. In the sports sector, the sales of footballs up 40.33pc in July-March this year from a year ago.

In the budget 2021-22, the government has proposed several measures including a reduction in duty on raw materials to promote exports of pharmaceutical, plastic, chemicals, engineering, and value-added textile products.

Data compiled by the PBS showed the food basket posted growth of 18.92pc in the first nine months of the current fiscal year from a year ago.

Under this category, exports of rice witnessed a growth of 14.96pc year-on-year to $1.79bn. In quantity terms, the exports of rice reached to 3.54m tonnes this year against 2.88m tonnes over the corresponding period of last year.

The break up showed that basmati exports in value increased 21.63pc and 26.14pc in quantity while non-basmati exports were up by 12.60pc in value and 22.19pc in quantity.

The export of spices was up by 8.05pc, followed by oilseeds, nuts 131.4pc, meat and products 1.18pc. The export of fish products incre­ased by 2.04pc during the period under review. Contrary to this, the export of vegetables up by 1.09pc, fruits 4.22pc and tobacco 59.35pc.

Published in Dawn, April 19th, 2022

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

Opinion

Editorial

Course correction
Updated 24 Feb, 2024

Course correction

PTI should not abandon its power and responsibility while expecting an external stakeholder to set things right.
The plot thickens
Updated 24 Feb, 2024

The plot thickens

THE recent explosive allegations by Liaquat Ali Chattha, the former commissioner of Rawalpindi, have thrust the...
Trigger-happy police
24 Feb, 2024

Trigger-happy police

ARE the citizens of Karachi becoming fair game again? There were some grisly signs of a rapid return to living...
What next for PTI?
Updated 23 Feb, 2024

What next for PTI?

THE incoming government has been carved up. With the major offices apportioned between the PML-N and PPP, the...
Tackling debt
23 Feb, 2024

Tackling debt

MANY would tend to describe a new report warning that the country is headed for “inevitable default”, which will...
Imprisoned abroad
23 Feb, 2024

Imprisoned abroad

THE issue of Pakistani prisoners imprisoned in foreign jails crops up regularly, particularly during parliamentary...