Home breadcru News breadcru Trade breadcru  | Pakistan sees 9.95% decline in textile & apparel exports in Q1 FY24

Prime Content | 
Pakistan sees 9.95% decline in textile & apparel exports in Q1 FY24

28 Oct '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Pakistan's textile and apparel exports dropped by ***.* per cent to $****.*** billion in Q1 FY24.
  • Factors like global economic slowdown contributed to this decline.
  • Category-wise, knitwear exports fell **.* per cent, while non-knit readymade garments declined by **.* per cent.
  • Textiles made up nearly **0** per cent of Pakistan's total exports for the period.

The textile sector has faced multiple challenges, including a global economic slowdown affecting key supplier countries like Pakistan. Textile and garment exports made up **.** per cent of Pakistan&#**;s total exports of $*.*** billion in July-September ****. In comparison, the textile group&#**;s share was **.** per cent of the total exports, which amounted to $**.*** billion, during fiscal ****-**

Category-wise, knitwear exports dropped by **.** per cent year-on-year to $*,***.** million, during the period under review. Exports of non-knit readymade garments also declined, falling by **.** per cent to $***.** million. 

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!