China'S Orders Spillover Affect Pakistan Textile And Garment Exports Rebounding Continuously

A few days ago, the statistics released by the Pakistan Statistical Bureau showed that after a decline in the past year, textiles and

Rebounded for second consecutive months.

This growth is mainly driven by a sharp rise in demand from Europe and the US market, which has been hit by recession.

In absolute terms, exports of textiles and clothing increased by 10.50% over the same period in October 2012.

Export growth in September reached 12.91%.

This unprecedented growth is mainly affected by ready-made garments.

Towels and other low value added products export growth drivers, such as cotton yarn and cotton cloth.

Similarly, in October, exports of raw cotton also increased year on year.

Experts believe that the export growth of value added products is related to the spillover effect of labor issues in mainland China and Taiwan. The order from China alone is about 2-3%, which is enough for Pakistan exporters to meet.

The EU exempted Pakistan from 75 categories of products in November 15th and encouraged European buyers to redevelop contracts with Pakistan.

The main European buyers are ready to benefit from the EU's GSP+ status in Pakistan in 2014.

American buyers have also restructured contracts with textiles and clothing exporters in Pakistan after interrupting their purchase from Egypt.

In 7-10 months of this year, Pakistan

And clothing exports amounted to 4 billion 392 million US dollars, up 4.78% from the US $4 billion 192 million in the same period last year.

As a result of the export growth of textiles and clothing, total exports in the first four months of the fiscal year also increased by 4.98%, and exports amounted to US $8 billion 202 million, compared with exports of 7 billion 814 million US dollars in the same period last year.

Sector segmentation analysis showed that clothing exports increased by 29.29% in October compared with the same period last year, while the export of knitwear increased by 4.37% compared to the same period last year. The export of towels increased by 12.27% over the same period last year.

In October, exports of low value-added products, such as cotton yarn exports increased by 28.88%, cotton exports increased by 16.37%, exports of cotton yarn other than cotton yarn increased by 228.25%, tents exports increased by 17.61%, and the export of other house materials increased by 31.89%.

Industrial News said that the desire for sustained natural gas supply to the textile industry 5 days a week in 7-10 was the result of this desire.

The growth of yarn and fabric exports is mainly due to the improvement of energy supply.

The full use of installed capacity has led to an increase in exports of home textiles, towels and bedding.

This shows that once there is no interruption of energy supply, the export of textile products will increase exponentially.

Similarly, in October, exports of raw cotton increased by 23.06%.

Cotton production is expected to grow this year.