Exports of several textile items from Pakistan including towels, synthetic textiles and cotton yarns are showing negative growth. This, despite the duty-free market access granted to Pakistan by EU countries from January 2014.
For fiscal year 2013-14 exports of synthetic and silk textiles fell 5.63 per cent compared to 2012-13. However, exports of all other textile products increased by 20.74 per cent during the first eleven months of financial year 2013-14. Textile products that saw negative growth in trade included cotton yarn exports, which decreased by 9.91 per cent. Exports of towels showed negative growth of 1.94 per cent whereas exports of tents, canvas and tarpaulin decreased by 26.41 per cent.
Raw cotton exports grew by 38.84 per cent. Exports of cotton cloth increased by 4.46 per cent while exports of cotton (carded or combed) increased by 2.86 per cent. Exports of yarn other than cotton yarn increased by 11.87 per cent while exports of knitwear increased by 11.35 per cent.
Exports of made-up articles (excluding towels) increased by 12.39 per cent. On a year-on-year basis, textile exports increased by 1.99 per cent in May 2014 as compared to May 2013. On a month-on-month basis, textile exports in May 2014 increased by 13.78 per cent compared to April 2014.