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Pakistan textile exports grow by 46% in August’21


Pakistan’s textile exports grew by 46 per cent in fiscal year August 2021-22 to as compared to $1.01 billion exports in fiscal year August 2020-21.

The average increase in the exports of textile products for the current fiscal year -- comprising two months recorded as 29 percent to $2.949 billion as compared to the $2.289 billion exports of corresponding period of the last financial year.

According to the latest data available with The News, exports of textile apparel, clothing accessories, knitted and crocheted in the month of August increased by 47 percent to $366.38 million as against the $248.82 million of exports during the same period of the last financial year. Likewise, the exports of textile apparel and clothing accessories showed 41pc growth in August to $285.67 million.

In addition, the exports of clothing, textile articles and rags picked up by 47 percent to $469.67 million in August as compared to $319.29 million of the last fiscal year.

The data also shows that exports of man-made filaments, strip and textile materials surged by 180per cent to $5.53 million during the second month of current fiscal year.

Staple fibers recorded a 63 percent growth to $37.75 million, carpets and textile floor coverings, 15 percent to $5.87 million, knitted or crocheted fabrics, 35 percent to $4.40 million and cotton products 46 percent to $ $297.78 million during August 2021.