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Pakistan's textile & apparel exports drop 4.97% in Jul-Dec 2023

17 Feb '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Pakistan's textile and apparel exports fell ****.** per cent to $****.*** billion in July-December 2023, contributing **.** per cent to total exports.
  • Knitwear, non-knit garments declined, while cotton yarn rose.
  • Textile machinery imports dropped **.** per cent, showing reduced sector investment.
  • Synthetic fibre and yarn imports also saw a decrease.

The textile sector, which is facing challenges such as a global economic slowdown, contributed **.** per cent to Pakistan’s overall exports of $**.*** billion from July to December ****. This is a decline from its **.** per cent share in the same period of fiscal ****-**.

In terms of categories, knitwear exports dropped **.** per cent year-on-year to $*,***.** million. Non-knit ready-made garments also saw a decline, falling *.** per cent to $*,***.** million. However, cotton yarn exports increased by **.** per cent to $***.** million, while cotton fabric exports fell **.** per cent to $***.** million. Bedwear exports declined by *.** per cent to $*,***.** million.

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