Pakistan’s textile group exports declined by 14.2 percent during the first 10 months (July-April) of the current fiscal year 2022-23 (FY23) and stood at $13.71 billion as compared to $15.97 billion during the same period last year, according to data released by All Pakistan Textile Manufacturers Association (APTMA) on Tuesday.
The data revealed that the country’s textile group exports witnessed a decline of 28.7 percent in April 2023 on a year-on-year basis and remained at $1.24 billion when compared to $1.74 billion during the same month of last year.
Textile exports decreased by 28.7% YoY to USD 1.24bn during Apr’23, the 7th consecutive YoY decline in monthly textile exports
Apr’23: $ 1.24bn, -28.7% YoY, -1.6% MoM
10MFY23: $ 13.71bn, -14.2% YoY@PBSofficialpak @APTMAofficial @StateBank_Pak#PBS #Exports #Trade #Economy pic.twitter.com/uuLdGbPX97— Arif Habib Limited (@ArifHabibLtd) May 2, 2023
On a month-on-month (MoM) basis, the textile group registered a 1.6 percent decline compared to $1.30 billion in March 2023.
Overall Exports
Pakistan’s overall exports declined in April 2023 and stood at $2.12 billion compared to exports of $2.37 in the previous month (March 2023), registering a decrease of 10.5 percent.
The country’s exports during July-April of the current fiscal year 2022-23 (FY23) were recorded at $23.17 billion against the exports of $26.25 billion in July-April of FY22, showing a decline of 11.7 percent, according to the trade data by Pakistan Bureau of Statistics (PBS).
