Textile exports up 6.02pc in five months

[Edevelop]

ISLAMABAD - The textile exports from the country increased by 6.02 percent during the first five months of current fiscal year against the exports of same period of last year.


On year-on-year basis, textile exports during November 2013 increased by 0.93 percent when compared to the exports of November 2012.
The overall textile exports during July-November (2013-14) were recorded at $5.684 billion against the exports of $5.361 billion during July-November (2012- 13), according to Pakistan Bureau of Statistics (PBS).
The textile products that witnessed surge in trade included raw cotton, exports of which increased by 63.09 percent by going up from $68.657 million during the first five months of last year to $111.973 million during the current year.
Exports of cotton cloth also increased by 3.49 percent from $1.1 billion last year to $1.138 billion this year while the exports of bed wear increased by 20.37 percent from $732.768 million to $882.061 million.
According to PBS data, articles (excluding towels and bed wear) during the period under review increased by 13.68 percent to $237.92 million from $270.21 million during last year.
The exports of art, skill and synthetic textile also increased by 14.36 percent from $156.151 million during July-November 2012-13 to $178.579 million during July-November 2013-14, whereas the exports of knitwear increased by 2.4 percent from $898.255 million to $919.83 million.
Similarly the exports of readymade garments increased by 5.47 percent from $720.067m last year to $759.449m this year. The products that witnessed negative growth in exports included cotton (carded or combed), exports of which declined by 27.32 percent, from $571,000 to $415,000.
The exports of tents, canvas and tarpaulin decreased from $40.898 million to $33.205 million, showing a decrease of 18.81 million while exports of towels decreased from $315.05 million to $289.464 million, showing decrease of 8.12 percent.
Exports of Yarn other than cotton yarn also decreased from $20.572 million last year to $19.442 million this year, showing negative growth of 5.49 percent. The exports of all other textile commodities increased by 14.17 percent, from $161.918 million last year to $184.865 million this year.
Meanwhile on year-on-year basis, textile exports during November 2013 increased by 0.93 percent when compared to the exports of November 2012.
The Textile exports in November 2013 were recorded at $1.008 billion against the exports of $999.551 million during November 2012. .
However, on month-on-month basis, the textile exports decreased by 9.51 percent by going down from $1.114 billion in October 2013 to $1.008 billion in november 2013, the PBS data revealed.

Textile exports up 6.02pc in five months

 

[Dandpatta]

From someone who has been in the field of textiles and garments trade, I would also affirm that these figures DO MEASURE UP. Pakistan manufacturing facilities for textiles is an underdog but it has a LOT ( I repeat, a LOT of potential). In fact, a lot of made-up items (for home use like beddings/ towels et al) are increasingly made in Pakistan and can be found under many brands - Marks & Spencer included.

PVH - Peter Van Huesen , Gap, Nautica to name a few, are brands that have regularly placed orders with Pakistani textile companies as the raw material to finished goods cycle is shorter than that compared to India / Bangladesh. Added to that (and this is not mentioned in the above report), is the fact that many Chinese companies are shifting their attention to countries like Bangladesh / Sri Lanka and Pakistan - with Cambodia to set up T.M.Us (Textile Manufacturing Units).

I repeat again - guys, you have a lot of potential in this industry. Just, basic infrastructure and economic climate needs to be in your favor and you CAN be the powerhouse for textiles in South Asia.