Textile exports declined by 7.58 percent

Posted on May 6, 2009

ISLAMABAD: Textile exports during the first nine months of the current financial year witnessed negative growth of 7.58 percent as compared to the corresponding period of the last year. Textile exports during July-March (2008-09) were recorded at $7.193 billion as compared to the exports of $7.783 billion during July-March (2007-08), according to Federal Bureau of Statistics. During the period under review, exports of cotton yearn declined by 15.52 percent, cotton carded or combed by 5.62 percent, yarn other than cotton yarn by 53.30 percent while the exports of knitwear declined by 4.80 percent. Similarly, exports of beadwear witnessed negative growth of 11.68 percent, tents, canvas and tripulin 19.29 percent, ready made garments 13.10 percent, art, silk and synthetic textile 32.50 percent, made up articles (excluding towels and bead wear) 2.69 percent while the exports of other textile materials witnessed negative growth of 16.37 percent. However, the exports of raw cotton during the period under review witnessed increase of 73.57 percent, exports of towels by 7 percent and exports of cotton cloth 3.53 percent as compared to the same period of last financial year.