Knitwear Exports Grew 8.69% in The First Five Months of FY 2019-20

During the first five months (July-Nov 2019-20) of the current financial year, knitwear exports from the country grew 8.69% compared to exports in the corresponding period last year.

According to data from the Pakistan Bureau of Statistics, approximately 51,240 thousand dozens of knitwear worth $1.320 billion were exported compared to 48,315 thousand dozens valuing $1.215 billion exported last year.

Readymade garment exports grew by 13.19% in the first five months, worth $1.156 billion, by exporting about 26,181 thousand dozen readymade garments as compared to 19,225 thousand dozens worth $1.021 billion in the same period of last year.

During the period under review, textile group exports from the country increased by 4.68% worth over $5.763 billion as compared to exports of $5.506 billion of the same period of last year.

Meanwhile, on a month on month basis, textile exports from the country grew by 7.03% in November 2019 as it was recorded at $1.177 billion against exports of $1.099 billion in November 2018. However, it was down by 3.10% as compared with October 2019.

During the period under review, 206,971 metric tons of bed wear worth $1.013 billion were exported compared to exports of 180,960 metric tons valued at $968.151 million last year.

Whereas about 76,210 metric tons of towels worth $317.484 million were exported during the period under review against exports of 74,657 metric tons valuing $314.348 million last year.

In the last five months, cotton cloth worth $847.106 million were exported compared to the exports of $880.050 million in the same period of last year, decreasing by 3.74%.

Other textile commodities that witnessed an increase in their respective exports included raw cotton 3.67%, cotton yarn 2.87%, cotton carded or combed 100% and yarn other than cotton 2.81%.

Textile products which observed a negative trend in their exports during the period under review included cotton cloth 3.74%, tents, and canvas 1.41% and made up articles decreased by 6.25%.



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