7-11 Pakistan Textile And Clothing Export Growth

Pakistan Bureau of statistics data show that in the first 5 months of 2019/20 fiscal year (7-11 months), Pakistan's textile and clothing exports reached 5 billion 760 million US dollars, an increase of 4.68% over the same period last year. After five years' gap, the overall improvement of current account is mainly due to the increase in textile and clothing exports and the decline in oil and food imports.

In November, Pakistan's textile and clothing exports amounted to US $1 billion 170 million, an increase of 7.03% over the same period last year, up from 1 billion 90 million US dollars in the same period last year. Among them, the export volume and export volume of knitwear increased by 8.69% and 6.05% respectively, followed by bedding items, which increased by 4.69% and 14.37% respectively. Exports of garments increased by 13.19%, exports increased by 35.95%, and towel exports increased by 1%.

Cotton exports increased by 2.87%, raw cotton exports increased by 3.67%, non cotton yarn exports increased by 2.81%, art and silk grew by 10.7%, and cotton cloth exports decreased by 3.74%. The total export volume from July to November this year amounted to US $9 billion 540 million, an increase of 4.79% over the same period last year.