Textile exports up 7.55pc in July-October (2013-14), 0.4pc in October

Pub: Sat, 30/11/2013 - 15:38

The overall textile exports during July-October (2013-14) were recorded at $4.69 billion against the exports of $4.361 billion during July-October (2012- 13), according to Pakistan Bureau of Statistics (PBS).

The textile exports from the country increased by 7.55 percent during the first four months of current fiscal year against the exports of same period of last year.

On year-on-year basis, textile exports during October 2013 increased by 0.40 percent when compared to the exports of October 2012.

The overall textile exports during July-October (2013-14) were recorded at $4.69 billion against the exports of $4.361 billion during July-October (2012- 13), according to Pakistan Bureau of Statistics (PBS).

The textile products that witnessed surge in trade included raw cotton,exports of which increased by 43.27 percent by going up from $56.924 million during the first four months of last year to $81.556 million during the currentyear.

Exports of cotton yarn also increased by 6.39 percent from $712.845 million last year to $758.363 million this year while the exports of cotton cloth increased by 5.2 percent from $899.835 million to $946.601 million.

Exports of yarn other than cotton yarn increased by 5.64 percent to reach at $16.984 from $16.077 last year while the exports of bed wear increased by 21.08 percent from $600.696 million to $727.306 million.

According to PBS data, articles (excluding towels and bedwear) during the period under review increased by 9.34 percent to $214.134 million from $195.843 million during last year.

The exports of art, skill and synthetic textile also increased by 18.09 percent from $122.571 million during July-October 2012-13 to $144.738 million during July-October 2013-14, whereas the exports of knitwear increased by 1.07 percent from $752.494 million to $763.865 million.

The products that witnessed negative growth in exports included cotton (carded or combed), exports of which declined by 70.77 percent, from $568,000 to $166,000.

The exports of tents, canvas and tarpaulin decreased from $32.708 million to $27.131 million, showing a decrease of 17.05 million while exports of readymade garments increased from $575.01 million to $620.763 million, showing increase of 7.96 percent.

Exports of towels also decreased from $260.673 million last year to $243.862 million this year, showing negative growth of 6.39 percent.

The exports of all other textile commodities increased by 7.28 percent, from $135.768 million last year to $145.657 million this year.

Meanwhile on year-on-year basis, textile exports during October 2013 increased by 0.4 percent when compared to the exports of October 2012. The Textile exports in October 2013 were recorded at $1.115 billion against the exports of $1.11 billion.

However, on month-on-month basis, the textile exports decreased by 12.27 percent by going down from $1.27 billion in September 2013 to $1.115 billion in October 2013, the PBS data revealed.

It is pertinent to mention here that the overall trade deficit narrowed by 9.27 percent during the first four months of the current fiscal year as exports expanded by 5.11 percent while imports witnessing decrease of 1.26 percent as compared to the same period of last year.

On year-on-year basis, the trade deficit decreased by 20.17 percent in October 2013 when compared to the deficit of the same month of last year, according to the latest data of Pakistan Bureau of Statistics (PBS).

The exports from the country during July-October (2013-14) were recorded at $8.576 billion against the exports of $8.159 billion recorded during July-October (2012-13).

On the other hand, the imports into the country during the first four months of the current fiscal year were recorded at $14.459 billion against the imports of $14.643 billion during the corresponding months of last year.

Based on the figures, the trade deficit during July-October (2013-14) was recorded at $5.883 billion against the deficit of $6.484 billion in July-October (2012-13), showing negative growth of 9.27 percent.

Ref:
http://www.brecorder.com/pakistan/business-a-economy/145747-textile-exports-up-755pc-in-july-october-%282013-14%29-04pc-in-october.html