Export of leather goods from Pakistan increased by 7.99 percent during the first 11 months of the fiscal year 2017-18 compared to the same period of last year.
The exports during this period rose to $478.85 million in July-May (2017-18) compared to exports worth $443.43 million in the same period of previous year.
According to data released by Pakistan Bureau of Statistics (PBS) on Thursday, export of leather garments also rose by 2.05 percent to $269.128 million in July-May (2017-18) compared to an export of $263.7 million in July-May (2016-17).
Similarly, leather gloves’ export also surged by 17.64 percent as it soared to $198.18 million during the corresponding period from $168.46 million in the same period of previous year.
Leather footwear export during the period under review was recorded at $86.18 million compared to an export of $74.03 million in first 11 months of previous year, thus showing an increase of 16.4 percent.
On a yearly and monthly basis, the leather manufacturers’ export in May 2018 increased by 21.6 percent and 1.22 percent when compared with the export during May 2017 and April 2018 respectively.
The leather manufacturers’ export rose from $36 million in May 2017 and $43.3 million in April 2018 to $43.84 million in May this year.
Leather garments’ export in May also witnessed an increase of 15 percent and 10.42 percent when compared with the export during May 2017 and April 2018 respectively. The export increased from $21.7 million in May 2017 and $22.6 million in April 2018 to $25 million in May this year.
The overall exports from the country witnessed an increase of 15.28 percent during first eleven months of the current fiscal year as compared to the corresponding period of last year. The exports from the country during July-May (2017-18) stood at $21.346 billion against the exports of $18.516 billion in July-May (2016-17), showing growth of 15.28 percent.
On a year-on-year (YOY) basis, the exports from the country surged by 32.35 percent during the month of May 2018 against the exports of May 2017.
The exports during May 2018 were recorded at $2.144 billion compared to the exports of $1.620 billion in May 2017, the PBS data revealed.
On a month-on-month (MOM) basis, the exports from the country increased by 0.52 percent during the month of May 2018 when compared to the exports of $2.133 billion in April 2018.