July 2019 has witnessed Pakistan’s textile exports go up by 3.12 per cent compared to what it was during the same period in the previous year.
The first month of the current fiscal year saw the country clock US $ 1.22 billion while it was US $ 1.18 billion in July 2018.
Among textile products, it was raw cotton that saw outstanding growth during the said period. It was a growth of 99 per cent to touch US $ 1.8 million in July 2019 compared to just US $ 918,000 in July last year.
Knitwear and towels also had a good month! The former clocked US $ 262.4 million (from US $ 249.4 million last year) and the latter witnessed its export increase to US $ 60.4 million (from US $ 58.6 million in July 2018).
The rising trend was seen for ready-made garments (RMG) too!
RMG export was US $ 242.7 million in July 2019, a 11 per cent rise from what it was in July 2018 (US $ 218.5 million).
Similarly, art, silk and synthetic textile too saw exports increase to US $ 25.4 million (from US $ 23.3 million).
Notably, cotton yarn was one of the main textile products that saw slump in exports – falling from US $ 121.1 million to US $ 111.1 million.