ISLAMABAD: The textile exports from Pakistan witnessed negative growth of 7.72 per cent during the first ten months of the current fiscal year compared to the corresponding period of last year.The textile exports during July-April (2015-16) were recorded at $10.395 billion compared to the exports of $11.265 billion during July-April (2014-15), according to the data of Pakistan Bureau of Statistics (PBS).The textile products that contributed in negative growth of textile trade included cotton yarn, exports of which dropped by 32 per cent from, $1.590 billion last year to $1.081 billion during the current fiscal year.
Similarly, the exports of cotton cloth declined by 9.89 percent, from $2.086 billion to $1.879 billion while the exports of raw cotton decreased by 47.70 percent, from $144.693 million to $75.672 million.The other products that contributed in negative growth of textile trade included cotton (carded of combed), exports of which decreased by 97.71 per cent and yearn (other than cotton yarn) which witnessed decrease of 23.17 per cent in exports.
Likewise, the exports of knitwear decreased by 1.91 per cent, bed wear by 4.34 per cent, tents, canvas and tarpaulin by 25.08 per cent, art, silk and synthetic textile by 12.61 per cent, made up articles (excluding towel) by 1.67 per cent.The textile products that witnessed increase in exports during the period under review included towels, exports of which grew by 0.37 per cent while the exports of all other textile products increased by 7.73 per cent. Meanwhile, on year-on-year basis, the textile exports during April 2016 decreased by 3.48 per cent.
The textile exports in April were recorded at $1.033 billion compared to the exports of $1.070 billion in April 2015. On month-on-month basis, the textile exports from the country decreased increased by 3.07 per cent in April 2016 when compared to the exports of $1.002 billion in March 2016, the data revealed.