Pakistan’s exports of textile goods increased by three percent during the first quarter of the current fiscal year as compared to the corresponding period of last year.

Cotton cloth exports grew by four percent while exports of knitwear increased by 15 percent. Exports of tents, canvas and tarpaulin increased by 40 per cent, readymade garments by five percent, art, silk and synthetic textile by 0.35 percent.

Exports of raw cotton witnessed 100 percent growth. Exports of cotton yarn declined by 18 percent, exports of cotton (carded or combed) declined by 85 percent, yarn (other than cotton yarn) by four percent, bed-wear by two percent, towels by one percent, made-up articles (excluding towels, bedwear) by eight percent while exports of all other textile materials went down by one percent. Meanwhile, on a year on year basis, textile goods exports increased by two percent in September 2022 against exports in September 2021. On a month on month basis, textile goods exports declined by three percent in September 2022 when compared to exports in July 2022.

The overall trade deficit fell by 21 percent, with a considerable decline in imports and upward trend in exports, during the first quarter of the current fiscal year as compared to the corresponding period of last year.