Pakistan Textile Export Declining

Pakistan Textile Export Declining

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The Pakistan garment and textiles exports sector has undergone a decline of 4.96 percent to 16.005 billion US$ in July-February 2014-15 compared to the 16.840 billion US$ in the same period of the previous year.

The textile and clothing exports in Pakistan during July-February of fiscal year 2014-15 had experienced a titular growth of just 0.47 percent as it reached 9.179 billion US$ as compared to 9.136 billion US$ in the corresponding period of previous fiscal year. According to the report of Pakistan Bureau of Statistics data, in February 2015 textile export has dropped down to 1.087 billion US$ compared to 1.119 billion US$ in the corresponding period of previous fiscal year, which is a decline of 2.91 percent.

After analysing the figures, it is seen that exports of cotton fabric decreased 12.35 percent to 1.646 billion US$ during the period under review, while linen exports declined by 0.33 percent to 1.418 billion US$.

Although exports of value-added products experienced a raise during February 2015. Exports of ready-made garments witnessed a growth of 20.22 percent and knitwear of 3.57 percent. In February 2015 exports of towels declined 8.34 percent and raw cotton export witnessed a decline of 25.58 percent. This downward trend is however a worldwide trend currently for many developing economies.