The exports of textile articles from the country grew by 3.16 percent during the first month of current financial year 2019-20 as compared to the corresponding month of last year. During the month of July, 2019, the export of textile and its articles was recorded at $1233.636 mn as against $1195.820 mn exports recorded during the same month of last year, showing growth of 3.16 percent, according to the data issued by the State Bank of Pakistan. The commodities that contributed in growth were carpets and other textile floor coverings, export of which grew from $6.414 mn last year to $6.978 mn during the period under review, showing growth of 8.79 percent.
The exports of articles of apparel and clothing accessories (knitted or crocheted) grew by 6.57 percent from $258.274 mn to $275.258 mn while the exports of articles of apparel or clothing accessories (not knitted or crocheted) also increased by 11.08 percent from $218.072 mn to $242.245 mn. During the period under review, the export of knitted or crocheted fabrics increased by 116 percent from $1.787 mn to $3.860 mn whereas the export of other made-up textile articles increased by 3.85 percent from $337.453 mn to $350.465 mn, the data revealed.
The export of man-made filaments increased by 22.89 percent from $2.223 mn to $2.732 mn while the exports of man-made staple fibers also increased by 8.08 percent from $24.972 mn to $26.992 mn. Meanwhile, the export of other vegetable textile fibers (paper yarn etc.) increased by 145.28 percent from $0.371 mn to $0.910 mn, the data added.
On the other hand, the commodities that contributed in negative growth included silk, exports of which declined by 44 percent from $0.525 mn to $0.294 mn while the export of wool, fine or coarse animal hair, horse hair yarn also decreased by 80 percent from $0.501 mn to $0.100 mn.
During first month of current financial year, the exports cotton dipped by 2.99 percent from $327.557 mn to $317.743 mn while the exports of wadding, felt and non-woven, special yarn, twine also decreased by 97.11 percent, from $14.588 mn to $1.880 mn, the data revealed.