Pakistan’s textile exports dropped 18 percent in November 2022 compared to the corresponding month last year. The July to November period of fiscal year 2023 witnessed a five percent reduction in textile exports against the same period in fiscal year 2022.

Exports of products like cotton cloth, knitwear, bedwear and towels decreased while readymade garments maintained the 2022 level. However, exports were up four percent over November 2021’s level. Cotton cloth exports dropped by 25 percent in November when compared with the same month last year. The decrease stood at nine percent over the previous month’s exports. However, knitwear exports were up two percent, bedwear two percent, towels 16 percent and readymade garments 18 percent when compared with October.But knitwear exports declined 12 percent over the corresponding month of last year followed by bedwear 29 percent and towels 12 percent in comparison with November 2022. Exports of readymade garments were the same as recorded in November 2021.

The textile sector is Pakistan’s top exporter with an over 60 percent share in the country’s total exports. In fiscal year 2022, total textile exports were at a record high after an increase of over 25 percent when compared with fiscal year 2021.