Regional Economy: Pakistan'S Textile And Garment Exports Are Rising Steadily

2022/1/23 21:55:00 0

According to the latest data of Pakistan Bureau of statistics, in December 2021-22, the export volume of textiles and clothing reached 1.624 billion US dollars, a year-on-year increase of 15.92%, and a month on month decrease of 6.46%. Among them, 28400 tons of cotton yarn was exported, with a year-on-year decrease of 27.71% and a month on month decrease of 8.07%; The export of cotton cloth was 32 million square meters, down 49.17% year-on-year and 13.68% month on month. The export of knitwear was 440 million US dollars, down 3.93% month on month; The export of bed products was 253 million US dollars, down 19.68% month on month; The export of ready-made garments reached 347 million US dollars, up 5.47% month on month.

In the fiscal year 2021 / 22 (February 2021), Pakistan's total exports of goods reached US $15.13 billion, a year-on-year increase of 24.91%; Among them, the export of textiles and clothing reached 9.382 billion US dollars, up 25.98% year on year. A total of 181900 tons of cotton yarn were exported, with a year-on-year increase of 3.09%; The export of bedding reached 1.659 billion US dollars, up 19.01% year on year; Export towel was 52.366 million US dollars, up 17.5% year on year; The export of ready-made clothing reached 1.831 billion US dollars, up 22.89% year on year; Exports of art, silk and synthetic textiles amounted to 225 million US dollars, an increase of 34 25%; Exports of manufactured goods (excluding bedding and towels) amounted to $423 million, up 11.61% year-on-year; Export of other textile materials reached 384 million US dollars, up 24.68% year on year.

On the whole, Pakistan's exports of commodities, textiles and clothing in the fiscal year 2021 / 22 have increased steadily, with a year-on-year increase of nearly 30%. The main influencing factors are as follows: 1. The rupee depreciates sharply and the growth of global demand; 2. The government significantly reduces the import tariff of raw materials and refund tax in time; 3. Efficient customs procedures.