In December 2020, textile exports reached a historic high
ISLAMABAD: In the last month of December 2020, textile exports increased by 22.72 percent to a historic high of 1.40 billion as against 1.14 billion in the same month last year.
According to the Dawn newspaper, the latest data released by the Pakistan Bureau of Statistics shows that on a monthly basis, the country’s exports increased by 9.20% during the month.
According to the data, on a total basis, textile exports during July-August rose by 7.79 percent to 7.44 billion from 6 6.94 billion in the same period last year.
Textile goods, which contributed to the positive trade growth, included nightwear, exports of which reached 84 1.849 billion in the first half of FY21 over the same period last year. One billion 586 million dollars.
Similarly, bedwear exports also increased by 16.38% to 1.394 billion dollars, while towel exports increased by 17.47% to 445.79 million.
In addition, exports of tents, canvas, and tarpaulin increased by 57.77 percent to 62.47 million, while exports of readymade garments increased by 5.54 percent to 1.49 billion.
Statistics show that art, silk, and synthetic textiles grew 0.17 percent to 167.52 million, while made-up articles rose 17.46 percent to 379.229 million.
In addition, exports of raw cotton declined by 96.14 percent to 92 592,000, while cotton yarn declined by 26.36 percent to 407.3 million.
Exports of cotton cloth also declined by 7.73 percent to 935.09 million, while yarn (excluding cotton yarn) declined by 7.28 percent to 34 13.34 million.
It may be mentioned here that the country’s merchandise exports increased by 4.98% in the first half of the current financial year as compared to the same period last year.
According to the latest statistics of the Bureau of Statistics, the total exports from the country during July-December were recorded at 12.11 billion as against 11.52 billion in the same period last year.
However, the country’s imports during the same period under review also increased by 5.72% to 24 24.52 billion from 23 23.195 billion in the first half of last year.
Based on these figures, the country’s trade deficit increased by 6.44% in the first half of the year compared to the same period last year.
During the first six months of the current financial year, the trade deficit was recorded at 12.42 billion, compared to 11.67 billion in the same period last year.