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Pakistan’s Cotton exports fall 9.93%

 

Export of raw cotton by Pakistan during the first 11 months of FY20 declined by 9.93 per cent compared to raw cotton exports of the corresponding period of last year. Feom July 2019 to May 2020, the country exported around 12,776 metric tons of raw cotton worth $17.005 million, compared to its export of 11,790 metric tons of raw cotton worth $18.879 million in the same period of last year.

During the period under review, the export of cotton yarn declined by 13.12 per cent to 376,286 metric tons compared to the exports of 403,580 metric tons of cotton yarn in the same period of last year. Overall textile exports by the country during the eleven months of FY20 declined by 6.06 per cent and were recorded at $11.567 billion compared to $12.313 billion during the same period of last year.

The negative growth in textile sector exports was mainly due to the global spread of COVID-19 pandemic which has negatively affected foreign economies as well as the local economy.

 
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