The value of textile and garment exports from Pakistan increased by 26.05 percent year-on-year in dollar terms in the first six months of fiscal 2021-22. During the period, Pakistan earned $9.381 bn from textile and apparel exports, compared to exports of $7.442 bn in July-December 2020, according to data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 35.21 percent year-on-year to $2.5 bn during the six-month period, while exports of non-knit readymade garments were up 22.93 percent to $1.831 bn. Among textiles, cotton yarn exports increased by 52.33 percent to $610.427 mn in July-December 2021, as against exports of $400.733 mn made during the corresponding period of 2020. Exports of cotton fabric also rose by 21.35 percent and were valued at $1.134 bn during the period under review. Bedwear exports jumped by 19.04 percent to $1.659 bn during the six-month period, the data showed.
On the expenditure side, synthetic fibre imports shot up by 43.16 percent year-on-year to $404.535 mn, while imports of synthetic and artificial silk yarn rose 33.47 percent to $427.599 mn during July-December 2021. Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 88.24 percent year-on-year to $434.676 mn during the six-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.
