Pakistan’s Textile Exports Surge by 10.51% to $7.607 Billion in Five Months

Textile exports experienced a 10.51 percent increase during the first five months of the current financial year (2024-25), compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS) report.

The textile exports from the country were recorded at $7,607.263 million during July-November 2024-25, compared to $6,883.595 million during the same period in 2023-24.

The textile commodities that contributed to trade growth included cotton cloth, with exports increasing by 4.18 percent to $815.849 million from $783.087 million. Additionally, knitwear exports surged by 18.42 percent to $2,173.933 million from $1,835.780 million.

Other commodities that saw growth in trade included bed wear, with exports rising by 15.05 percent to $1,324.011 million from $1,150.777 million. Towel exports increased by 7.08 percent to $441.746 million from $412.544 million. Additionally, exports of tents, canvas, and tarpaulins grew by 9.63 percent to $53.243 million this year, compared to $48.567 million last year.

Similarly, the export of readymade garments grew by 23.10 percent to $1,687.388 million from $1,370.732 million. Exports of art, silk, and synthetic textiles rose by 10.50 percent to $161.405 million from $146.067 million. Made-up articles (excluding towels and bed wear) saw an increase of 11.61 percent to $326.905 million from $292.890 million, while exports of other textile materials went up by 4.70 percent to $306.084 million from $292.331 million.

The textile commodities that witnessed negative trade growth included cotton yarn, with exports declining by 38.70 percent to $302.366 million from $493.278 million. The exports of raw cotton and cotton carded or combed both dropped by 100 percent, from $39.733 million and $0.586 million respectively, to zero during the review period. Additionally, exports of yarn other than cotton yarn decreased by 16.78 percent to $14.333 million from $17.223 million.

Meanwhile, on a year-on-year basis, textile exports saw an increase of 10.81 percent in November 2024 compared to the same month last year. The textile exports from the country in November 2024 were recorded at $1,461.072 million, up from $1,318.536 million in November 2023.

On a month-on-month basis, textile exports from the country witnessed a decrease of 10.14 percent in November 2024, compared to the exports of $1,625.875 million recorded in October 2024, according to the data.

It is pertinent to mention here that the overall merchandize exports from the country increased by 12.57 percent during the first five months of the current fiscal year as compared to the corresponding months of last year.

Exports during July-November (2024-25) were recorded at $13.691 billion against $12.162 billion during July-November (2023-24), according to PBS data. On the other hand, imports into the country also went up by 3.90 percent by growing from $21.503 million last year to $22.342 million during the first five months of the current year.

Based on the figures, the trade deficit during the months under review was recorded at $8.651 billion against the deficit of $9.341 billion last year, showing a decrease of 7.39 percent.