The value of textile and garment exports from Pakistan increased by 26.55 per cent year-on-year in dollar terms in the first four months of fiscal 2021-22. During the period, Pakistan earned $6.021 billion from textile and apparel exports, compared to exports of $4.758 billion in July-October 2020, according to data from Pakistan Bureau of Statistics.
Category-wise, knitwear exports rose by a sharp 35.45 per cent year-on-year to $1.610 billion during the four-month period, while exports of non-knit readymade garments were up 22.34 per cent to $1.158 billion.
Among textiles, cotton yarn exports increased by 71.39 per cent to $394.765 million in July-October 2021, as against exports of $230.329 million made during the corresponding period of 2020. Exports of cotton fabric also rose by 18.54 per cent and were valued at $740.710 million during the period under review.
Bedwear exports jumped by 21.30 per cent to $1.091 billion during the year, the data showed.
On the expenditure side, synthetic fibre imports shot up by 58.56 per cent year-on-year to $308.818 million, while imports of synthetic and artificial silk yarn rose 42.80 per cent to $276.189 million during July-October this year.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 109.95 per cent year-on-year to $296.779 million during the four-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.