Pakistan’s textile exports declined by around eight percent during the first seven months of the current fiscal year as compared to the same period of the last fiscal year.

Textile exports fell by 14 percent in January 2023 on a year on year basis as compared to January 2022. On a month on month basis, textile exports fell by two percent compared to December 2022.

Cotton yarn exports fell by 34 percent in the seven month period. On a year on year basis, cotton yarn exports fell by 12 percent while on a month on month basis, they fell by 27 percent. Rice exports declined by 15 percent during the first seven months of the fiscal compared to the same period of the last fiscal year.The country’s overall exports fell by six percent.

Exports in January 2023 fell by two per cent compared to December 2022 and by 14 percent compared to January 2022. The country’s main commodities of exports during January 2023 were knitwear, readymade garments, bed wear, cotton cloth, rice and others, towels, cotton yarn, made-up articles (excluding towels and bedwear), rice basmati and surgical goods and medical instruments.