The value of textile and garment exports from Pakistan increased by 25.53 percent during recently concluded fiscal 2021-22 (July-June) over last fiscal 2020-21. During the period, Pakistan earned $19.329 bn from textile and apparel exports, compared to exports of $15.399 bn in 2020-21, according to latest data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 34.23 percent year-on-year to $5.120 bn during the period, while exports of non-knit readymade garments were up 28.75 percent to $3.904 bn. Among textiles, cotton yarn exports increased by 18.67 percent to $1206.838 mn in 2021-22, as against exports of $1016.970 mn made during 2020-21. Exports of cotton fabric also rose by 26.91 percent and were valued at $2.437 bn during the period under review. Bedwear exports jumped by 34.23 percent to $3.292 bn during the period, the data showed.
On the other side, synthetic fibre imports increased 18.07 percent year-on-year to $742.802 mn, while imports of synthetic and artificial silk yarn rose 34.01 percent to $878.756 mn during 2021-22. Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 29.13 percent year-on-year to $764.441 mn during the period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 percent to $15.399 bn over $12.526 bn exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 bn.
The impressive growth in textile related exports and imports shows fast recovery of Pakistan’s textile and apparel sector after the COVID-19 pandemic.