Pakistan exported textile products worth $5,565.079 million during the first four months of the current financial year, The exports of the product however witnessed a decline of 6.33 percent during July-October.
The textile commodities that witnessed positive growth in trade included raw cotton, the exports of which grew by 137.13 percent, $23.346 million this year.
Likewise, the exports of cotton yarn increased by 42.85 percent, from $285.315 million last year to $407.564 million this year, cotton carded or combed by 142.76 percent, from $0.213 million to $0.518 million, tents, canvas and Tarpulin by 1.09 percent, from $37.355 million to $37.763 million and towels, the exports of which grew by 6.67 percent, from $316.860 million to $337.987 million.
Likewise, the exports of cotton yarn increased by 42.85 percent, from $285.315 million last year to $407.564 million this year, cotton carded or combed by 142.76 percent, from $0.213 million to $0.518 million, tents, canvas and Tarpulin by 1.09 percent, from $37.355 million to $37.763 million and towels, the exports of which grew by 6.67 percent, from $316.860 million to $337.987 million.
Likewise, the exports of bed wear declined by 5.18 percent from $996.841 million to $945.182 million, ready-made garments by 8.71 percent, from $1,187.060 million to $1,083.683 million.
The exports of art, silk and synthetic textile also decreased by 19.85 percent, from $146.275 percent to $117.241 million, madeup articles by 1.45 percent, from $238.010 million to $234.555 million whereas the exports of all other textile materials also went down by 4.36 percent, from $245.777 million to $235.068 million.
Country’s merchandize trade deficit contracted by 34.70 per cent during the first four months of the current fiscal year compared to the corresponding period of last year.
The Trade deficit from July-October (2023-24) was recorded at $7.416 billion as against the deficit of $11.356 billion in July–October (2022-23), showing negative growth of 34.70 per cent.
