Exports Of Leather And Footwear Products Increased Year-On-Year In Pakistan

Pakistan Statistics Bureau recently announced that 2007-2008 textile and garment exports fell 2.5% to 10 billion 561 million US dollars, and exported 10 billion 787 million US dollars in the same period last year.

Although the overall performance of the textile and garment industry is very poor, the export target of US $19 billion 200 million has been completed because of unexpected growth in non textile exports.

Exports of non textile products increased 39.9% from last year's 6 billion 818 million 900 thousand US dollars to US $8 billion 659 million.

During the reporting period, exports increased by US $2 billion 240 million over the same period last year, making specific contributions to non textile exports.

In non textile products, rice exports increased by 61.53%, oil products increased by 40.06%, sports goods increased by 4.23%, leather products increased by 24.05%, shoes increased by 8.21%, engineering products increased by 42.23%, and cement increased by 181.69%.

This shows that the export of the country is diversified, and the proportion of textile and clothing exports is now down to 55%, compared with 64% last year, but the state has provided billions of rupees to the textile and garment industry.

In 2007-08, non textile products increased by 45%, up 36% last year, but the government did not provide any financial subsidies.

Analysts say this shows that subsidies are not a real problem, but the weakness of the textile industry structure must be solved.

This means that the production capacity of the textile industry has also reached a saturation point.

In addition to raw cotton and other textile materials, Chengdu, a major textile product group, has seen a negative growth.

Although the rupee has depreciated more than 20% this year, the currencies of other major competitive countries have risen sharply, such as India and China.

Moreover, the deterioration of the law and order environment is also the cause of export orders shifting to other countries.

The export situation of products was subdivided. In 2007-08, garment exports decreased by 3.16% to $1 billion 498 million, which was $1 billion 547 million last year, and cotton yarn decreased by 9.37% to $1 billion 294 million. Last year it was 1 billion 428 million US dollars, and bed sheets were reduced by 5.34% to 1 billion 887 million dollars. Last year it was 1 billion 995 million dollars, and cotton cloth was reduced by 4.64% to 1 billion 932 million dollars.

However, the export of knitted garments increased by 1.82% to $1 billion 831 million, up from $1 billion 789 million last year, and raw cotton increased by 38.85% to $69 million 737 thousand, up from 50 million 226 thousand dollars last year, and towel towels increased by 0.77% to 615 million 415 thousand dollars. Last year it was 610 million 720 thousand dollars, and the products of art, silk and textiles increased 16.74% to 489 million 982 thousand dollars. Last year it was US dollars, and finished products increased to US dollars.

From 2007 to 08, the export of cotton and combed yarn decreased by 21.76% from last year to 12 million 320 thousand US dollars, which was 15 million 746 thousand US dollars last year, and the non cotton yarn decreased 27.06% to 49 million 162 thousand US dollars, which was 67 million 397 thousand US dollars last year.