The value of textile and garment exports from Pakistan increased by 28.41 percent year-on-year in dollar terms in the first five months of fiscal 2021-22. During the period, Pakistan earned $7.758 bn from textile and apparel exports, compared to exports of $6.041 bn in July-November 2020, according to data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 36.62 percent year-on-year to $2.059 bn during the five-month period, while exports of non-knit readymade garments were up 23.38 per cent to $1.48 bn. Among textiles, cotton yarn exports increased by 65.45 percent to $503.897 mn in July-November 2021, as against exports of $304.553 mn made during the corresponding period of 2020. Exports of cotton fabric also rose by 22.30 percent and were valued at $945.561 mn during the period under review. Bedwear exports jumped by 23.55 percent to $1.406 bn during the five-month period, the data showed.
On the expenditure side, synthetic fibre imports shot up by 53.64 percent year-on-year to $361.084 mn, while imports of synthetic and artificial silk yarn rose 34.80 percent to $344.121 mn during July-November this year. Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 97.93 percent year-on-year to $361.737 mn during the five-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 percent to $15.400 bn over $12.526 bn exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 bn.