28 percent rise in the textile exports

The last year’s exports for textile industry during July – November was 6.041 billion dollars as recorded by the Pakistan bureau of statistics (PBS). The export data recorded in the current year was 7.758 billion dollars, observing a 28.41 percent rise in the data as was released by the PBS. This data was calculated on a year to year basis.

On the month to month basis, the exports data released by the PBS showed a growth of 8.45 percent as compared the data for the previous month.

In the month of November, the textile industry witnessed a rise of 35.33 percent on a year-on-year basis.

A 65.45 percent boost in the exports was observed in the cotton yarn during July- November 2021 whereas raw cotton exports witnessed 100 percent decline on a month to month basis.

The petroleum industry imports showed a rise of 112.33 percent on a year to year basis whereas the imports went up 180.55 percent comparing the same month last year. On a month to month basis, the petroleum exports went up 36.04 percent.

The imports of construction and mining department went up 42.32 percent as compared to the same period last year whereas the exports of the department observed a 99.10 percent growth on a year to year basis

The overall export ratio of the country increased by 26.89 percent on a year to year basis whereas the exports were gained by 17.82 percent as compared to the month of October 2021.

The country’s imports witnessed a 69.57 percent increase from last year and a rise of 24.48 percent as compared to the data gained last month.

The trade deficit of the country widened by 112.43 percent within a year and widened by 136.92 percent as compared to the previous month.

Main commodities of exports during exports during November, 2021 were knitwear (Rs79,221 million made-up articles) (Rs14,560 million), rice basmati (Rs10,872 million), readymade garments (Rs56,877 million), bed wear (Rs54,516 million), cotton cloth (Rs35,444 million), rice others (Rs29,203 million), cotton yarn (Rs18,883 million), towels (Rs18,217 million),and  fish and fish preparations (Rs9,364 million).

Main commodities of imports during November 2021 were natural gas liquefied (Rs72,372 million), palm oil (Rs67,478 million), plastic materials (Rs51,515 million), iron and steel (Rs48,005 million) petroleum products (Rs218,224 million), medicinal products (Rs119,194 million), petroleum crude (Rs75,456 million),, iron and steel scrap (Rs47,603 million), mobile phone (Rs36,691 million), and electrical machinery and apparatus (Rs32,400 million).