
Pakistan noted a significant growth in exports of knitwear, bedwear and readymade garments in November 2017. However, it noted a decline in cotton yarn exports in the same month.
Knitwear, bedwear and readymade garments noted a volumetric growth of 21, 7 and 9 per cent, respectively. Appreciation of Euro currency by 9 per cent and improved competitiveness post-implementation of the textile package (Rs. 180 billion) helped in the expansion of value-added segment exports.
On the other hand, rising raw material prices resulted in a 11 per cent decline in yarn exports as Pakistan reported lower than expected domestic crop and increase in support prices in the region (+12 per cent).
Pakistan Bureau of Statistics (PBS) provided an insight on this. The data by PBS shows that textile exports have clocked US $ 1.12 billion, up by 7 per cent on the year-on-year basis. The growth was primarily driven by the value-added segment, which noted a 12 per cent yearly growth during the reporting month.
The statistics state that total exports from the country during the same period stood at US $ 9.030 billion as against the exports of US $ 8.173 billion in the correspondent month of last year, reflecting a growth of 10.49 per cent.
Particularly during the July-November period, Pakistan’s textile exports remained US $ 5.510 billion, which is 7.66 per cent higher when compared to last year’s figure of US $ 5.118 billion.






