Textile exports increase by 10 percent

The official data shared by the Pakistan Bureau of Statistics (PBS) has shown a positive trend towards increase of exports of textile on a (Year on Year) YoY basis.

The data on exports and Imports released by PBS revealed that on a month-on-month (MoM) basis, textile exports registered 3.98per cent growth in January 2024 and stood at $1.455 billion compared to $1.399 billion in December 2023.

On a year-on-year (YoY) basis, textile exports increased by 10.10 per cent in January 2024 when compared to $1.321 billion in January 2023.

On a year-on-year basis, cotton yarn exports registered 19.78per cent growth and stood at $81.295 million when compared to $67.873 million in January 2023, while on a MoM basis, it registered 14.65 per cent negative growth when compared to $95.252 million in December 2023

The main commodities of exports during January 2024 were rice others (Rs108,803 million),knitwear (Rs102,331 million), readymade garments (Rs93,462 million), bed wear (Rs70,662 million),cotton cloth (Rs44,773 million), towels (Rs26,930 million), rice basmati (Rs25,055 million), cotton yarn(Rs22,789 million), vegetables (Rs20,449 million), and petroleum products (Rs19,362 million).