Textile exports surge 17.35% to $12.692bn in 10 months; 213% in April.

ISLAMABAD -- The exports of textile commodities witnessed an increase of 17.35 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year and surged by 213 percent on year-on-year basis (YoY).

The textile exports were recorded at $12692.840 million in July-April (2020-21) against the exports of $10816.276 million in July-April (2019-20), showing growth of 17.35 percent, according to latest data of Pakistan Bureau of Statistics (PBS).

The textile commodities that contributed in trade growth included knitwear, exports of which increased from $2392.064 million last year to $3126.095 million during the current year, showing growth of 30.69 percent.

Likewise, the exports of yarn (other than cotton yarn) increased by 22.42 percent, from $22.051 million to $26.995 million whereas, exports of bed wear increased by 24.66 percent from $1838.449 million to $2291.779 million.

The exports of towels increased by 27.18 percent, from $610.696 million to $776.708 million; exports of tents, canvas and tarpulin grew by 21.86 percent, from $78.556 million to $95.725 million; readymade garments by 12.56 percent, from $2231.697 million to $2512.021 million; madeup articles, excluding towels and bedwear by 22.22 percent, from $513.405 million to $627.479 million while the exports of art, silk and synthetic textile increased from $272.919 to $301.634 million, showing growth of 10.52 percent.

Meanwhile, the commodities that witnessed negative growth in trade included raw cotton, exports of which decreased by 96.51 percent, from $17.002 million to $0.593 million; cotton yarn decreased by 4.03 percent, from $858.580 million to $823.948 million whereas the exports of cotton cloth also...