The value of textile and garment exports from Pakistan increased by 26.55 per cent year on year in dollar terms in the first four months of fiscal 2021-22. Knitwear exports rose a sharp 35.45 per cent year on year during the four-month period while exports of non-knit readymade garments were up 22.34 per cent. Among textiles, cotton yarn exports increased 71.39 per cent. Exports of cotton fabric rose 18.54 per cent during the period under review. Bedwear exports jumped 21.30 per cent.
On expenditure side, synthetic fiber imports shot up by 58.56 per cent year on year while imports of synthetic and artificial silk yarn rose 42.80 per cent. Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 109.95 per cent year on year during the four-month period. In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent.
Pakistan’s overall exports increased 24.71 per cent in the first four months of the current financial year. Exports of men’s garments increased 32 per cent. Exports of home textiles increased 22 per cent. Cotton fabric exports grew 20 per cent. Cotton yarn exports increased 73 per cent.