The country’s textile group exports declined by around 14.72 percent during the first eleven months (July-May) of the current fiscal year 2022-23 (FY23) and remained at $15.029 billion as compared to $17.623 billion during the same period of last year, the Pakistan Bureau of Statistics (PBS) said.
The data of exports and imports released by PBS revealed that the country’s textile group exports witnessed a decline of 19.57 percent in May 2023 on a year-on-year basis and remained at $1.320 billion when compared to $1.641 billion during the same month of last year.
On a month-on-month (MoM) basis, the textile group registered a 7.12 percent growth compared to $1.232 billion in April 2023. Cotton yarn exports registered 33.75 percent negative growth in July-May and remained at $737.186 million compared to $1.112 billion during the same period of the last year. On a year-on-year basis, cotton yarn exports registered 5.83 percent growth, while on a MoM basis, they registered 57.43 percent growth.
Rice exports declined by 12.05 percent during the first eleven months of FY23 and remained at $2.001 billion compared to $2.276 billion during the same period of the last fiscal year.
The country’s exports during July-May FY23 totaled $25.380 billion (provisional) against $28.871 billion during the corresponding period of last year showing a decrease of 12.09 percent.
The exports in May 2023 were $2.2 billion (provisional) as compared to $2.137 billion in April 2023 showing an increase of 2.95 percent but decreased by 16.16 percent as compared to $2.624 billion in May 2022.
Main commodities of exports during May, 2023 were knitwear (Rs. 94,969 million), readymade garments (Rs. 76,422 million), bed wear (Rs. 57,521 million), cotton cloth (Rs. 49,865 million), rice others (Rs.32,197 million), Cotton Yarn (Rs.28,650 million), towels (Rs.24,975 million), rice basmati (Rs.19,074 million), fish & fish preparations (Rs.14,439 million) and madeup articles (excl. towels & bedwear.) (Rs.14,367 million).
