The textile and apparel sector contributed 54.60 per cent to Pakistan’s total exports of $16.639 billion in July-December 2024, down from its 55.28 per cent share in the same period of fiscal 2023-24.
In terms of categories, knitwear exports increased by 16.49 per cent year-on-year to $2,565.64 million, while exports of non-knit readymade garments (RMG) rose by 22.48 per cent to $2,044.42 million. Cotton yarn exports declined by 37.96 per cent to $365.13 million, whereas cotton fabric exports increased by 4.10 per cent to $964.66 million. Bedwear exports grew by 14.75 per cent to $1,580.20 million.
Regarding imports, synthetic fibre imports decreased by 3.67 per cent year-on-year to $225.93 million. Imports of synthetic and artificial silk yarn rose by 9.86 per cent to $340.98 million. However, Pakistan’s imports of textile machinery in July-December 2024 surged by 53.90 per cent year-on-year to $105.90 million, indicating a revival of new investments in the sector.
In fiscal 2023-24, Pakistan’s textile and apparel exports edged up by 0.93 per cent to $16.655 billion. In contrast, exports in fiscal 2022-23 had declined by 14.63 per cent to $16.501 billion, compared to $19.329 billion in fiscal 2021-22.
ALCHEMPro News Desk (KUL)
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