Pakistan’s exports of textile goods increased by three percent during the first quarter of the current fiscal year.

Among the textile products, exports of cotton cloth grew by four percent while exports of knit wear increased by 15 percent. Exports of tents, canvas and tarpaulin increased by 40 per cent, readymade garments by five percent, art, silk and synthetic textiles by 0.35 percent. Exports of cotton (carded or combed) declined by 85 percent, yarn (other than cotton yarn) by four percent, bedwear 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. Textile goods’ exports increased by two percent in September 2022 against exports in September 2021.Textile goods’ exports however 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 an upward trend in exports during the first quarter of the current fiscal year as compared to the corresponding period of last year. Exports during July to September grew by one percent.