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Pakistan’s textile and clothing exports rise 22.94% in FY2020-21

  

Pakistan’s textile and clothing exports grew by 22.94 per cent in the current financial year compared to the same period a year ago, shows data released by the Pakistan Bureau of Statistics. Pakistan’s total textile and clothing exports during 2020-21 grew to $15.4 billion against $12.526 billion of the previous year. As per a Dawn report, growth is attributed to an increase in overall exports from the sectors. One reason for growth in these sectors is because of low-base of last year when export-oriented industries remained closed due to the COVID-19 lockdown and cancellation of orders from international buyers.

RMG exports increased by18.83 per cent to $3.032 billion in FY21 against $2.552 billion over the corresponding months of previous year. Exports of knitwear increased 36.57 per cent to $3.816 billion against $2.794 billion over the corresponding months of last year. Exports of bedwear rose by 28.87 per cent to $2.771bn this year against $2.150 billion of the last year. Growth of 31.81 per cent was seen in export of towels to $937.536 million in FY21 against $711.265 million of the last year. Leather garment exports rose by 14.02 per cent while exports of raw leather declined by over 12.04 per cent.

The cotton cloth export posted a growth of 4.98pc in FY21 to $1.921bn, while the export of cotton yarn went up by 3.26pc to $1.016bn on a year on year basis. Export of raw cotton declined by 95.27 per cent this year over the last year.

 
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