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Pakistan's textile & apparel exports drop 9.49% in July-Aug 2023

29 Sep '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Pakistan's textile and garment exports saw a ***.*% drop in the first two months of fiscal 2023-24, earning $******** billion compared to $******** billion in the same period last year.
  • Textiles made up ***.*% of the country's total goods exports.
  • While cotton yarn exports increased, knitwear and readymade garments faced significant declines.

Pakistan&#**;s textile and garment exports have faced numerous challenges since the last fiscal. The global economic slowdown has adversely affected textile exports for major supplier countries, including Pakistan. The country is working to streamline its textile exports amid ongoing economic crises. 

Textile exports contributed **.** per cent to Pakistan&#**;s total goods exports, which amounted to $*.*** billion in July-August ****. In comparison, the share of the textile group was **.** per cent in the total exports of $**.*** billion during the fiscal ****-**

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