Pakistan’s textile and clothing exports increased 22.94 per cent to $15.4 billion in FY2020-21 as compared to $12.526 billion in the previous year, shows the latest data by the Pakistan Bureau of Statistics. Most of this growth was fueled by the expansion in export of value-added sectors. In addition, in the last financial year export-oriented industries remained closed due to COVID-19 lockdown and cancellation of orders from global buyers, which also contributed to the steep rise of exports.

In FY21, Pakistan’s RMG exports increased 18.83 per cent to $3.032 billion in FY21 as compared to $2.552 billion in the previous year. Exports of home textiles increased 28.87 per cent to $2.771 billion this year compared to $2.150 billion in the previous year. Towel exports grew 31.81 per cent to 937.536 million in FY21 in comparison to $711.265 million in the previous year. Export of leather-based clothes increased 14.02 per cent while leather-based gloves surged 22.26 per cent. Exports of uncooked leather-based declined by over 12.04 per cent. Export of cotton materials grew 4.98 per cent in FY21 to $1.921billion, whereas the export of cotton yarn increased by 3.26 per cent to $1.016 billion on a year on year basis.

The exports of tents, canvas and tarpaulin went up by 12.10 per cent, while those of artwork, silk and artificial textile surged by 17.68 per cent and that of made up articles, excluding towels and mattress increased by 28.08 per cent.

By Fashionating World
https://www.fashionatingworld.com/new1-2/pakistan-s-textile-and-clothing-exports-rise-22-94-per-cent