Category-wise, knitwear exports rose by 6.92 per cent year-on-year to $1,712.606 million during the period under review, while exports of non-knit readymade garments were up 2.46 per cent to $1,187.059 million.
As for textiles, cotton yarn exports decreased by 27.73 per cent to $285.315 million, while exports of cotton fabric rose by 1.27 per cent to reach $750.115 million in July-October 2022. Bedwear exports declined by 8.64 per cent to $996.840 million during this period, the data showed.
Pakistan’s exports of textiles and apparel slipped 15.23 per cent during October 2022 to $1.357 billion from $1.527 billion during October 2021.
Synthetic fibre imports decreased by 39.48 per cent year-on-year to $186.906 million, while imports of synthetic and artificial silk yarn dropped by 26.88 per cent to $1201.958 million during the same period.
Meanwhile, the value of textile machinery imports by Pakistan in July-October 2022 decreased significantly by 37.01 per cent year-on-year to $187.725 million.
In fiscal 2021-22 ended June 30, textile and garment exports from Pakistan increased by 25.53 per cent to $19.329 billion over $15.399 billion in the previous fiscal. In fiscal 2019-20, the exports amounted to $12.526 billion.
ALCHEMPro News Desk (KUL)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
