ISLAMABAD, Jun 17 (TNS):The exports of textile commodities surged by 28.26 percent during the first eleven months of the current fiscal year (2021-22) as compared to the corresponding period of last year.<\/p>\n
The textile exports were recorded at $17,623.635 million in July-May (2021-22) against the exports of $13,740.113 million July-May (2020-21), showing growth of 28.26 percent, according to the latest data released by Pakistan Bureau of Statistics (PBS) on Friday.<\/p>\n
The textile commodities that contributed in trade growth included cotton cloth the exports of which increased by 30.24 percent to $2,236.855 million during the current year as compared to the exports of $1,716.216 million last year.<\/p>\n
The other commodities that witnessed growth in trade included cotton year, the exports of which grew by 24.18 percent, from $896.039 million to $1,112.713 million and raw cotton by 1009 percent from 0.593 million to $6.577 million.<\/p>\n
Likewise, the exports of cotton (carded or combed) increased by 1450 percent, from $0.064 million to $1.632 million, yarn (other than cotton yarn) by 109.68 percent, from $28.912 million to $60.624 million whereas the exports of knitwear increased by 36.44 percent, from $3,405.133 million to $4,646.029 million.<\/p>\n
Exports of bed wear increased by 21.68 percent, from $2,472,782 million to $3,008,838 million, towels by 21.66 percent, from $838.505 million to $1,020.111 million, ready made garments by 30.63 percent, from $2,706.902 million to $3,535.959 million, art, silk & synthetic textile by 29.34 percent, from $326,152 million to $421,860 million, made up articles (excluding towels and bead wear) by 15.19 percent, from $421.860 million to $780.180 million whereas the exports of all other export materials increased by 21.58 percent, from $780.180 million to $692797 million.<\/p>\n
The only commodity that witnessed negative growth in trade was tents, canvas and tarpaulin, the exports of which declined by 2.16 percent, from $101.653 million to $99.462 million.<\/p>\n
Meanwhile, on year-on-year basis, the textile exports from the country increased by 56.08 percent by growing from $1,051.933 million in May 2021 to $1,641.901 million in May 2022.<\/p>\n
However, on month-on-month basis the textile exports from the country declined by 5.59 percent during the month of May 2022 as compared to the exports of $1,739.122 million recorded in April 2022, the PBS data revealed.<\/p>\n
It is pertinent to mention here that the overall merchandize exports from the country witnessed an increase of 27.78 percent during the first eleven months of the current fiscal year (2021-22) as compared to the corresponding period of last year.<\/p>\n
According to PBS data, the exports from the country were recorded at $28.848 billion during July-May (2021-22) against the exports of $22.576 billion recorded during July-May (2020-21), showing growth of 27.78 percent.<\/p>\n
The imports during the months under review also went up by 44.28 percent by growing from $50.028 billion last year to $72.182 billion in July-May (2021-22).<\/p>\n
Based on the data, the trade deficit during the period under review was recorded at $43.334 billion, showing an increase of 57.85 percent over the deficit of $27.452 billion recorded during last year, the PBS data revealed.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Jun 17 (TNS):The exports of textile commodities surged by 28.26 percent during the first eleven months of the current fiscal year (2021-22) as compared to the corresponding period of last year. The textile exports were recorded at $17,623.635 million in July-May (2021-22) against the exports of $13,740.113 million July-May (2020-21), showing growth of 28.26 […]<\/p>\n","protected":false},"author":1,"featured_media":105988,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,54,23],"tags":[],"class_list":["post-105987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-islamabad","category-national"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/105987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105987"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/105987\/revisions"}],"predecessor-version":[{"id":105989,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/105987\/revisions\/105989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/105988"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}