Pakistan’s textile and apparel revenue increased steadily year-on-month in December. Textile and apparel exports reached US$1.736 billion, a month-on-month increase of 8.45% and a year-on-year increase of 35.01%; exports of cotton yarn were 30,900 tons, a month-on-month decrease. 3.34%, a year-on-year decrease of 2.46%; cotton exports were 37 million square meters, a month-on-month increase of 17.21%.
In the 2021/11 fiscal year (July-22, 2021), Pakistan’s textile and apparel exports reached US$7.758 billion, a year-on-year increase of 28.32%; cotton yarn exports reached 153,500 tons, an increase of 22.92%; the export value and quantity of ready-made garments increased by 23.4% and 23.6% respectively; the export value and quantity of knitwear increased by 36.6% and decreased by 14% respectively; the export value and quantity of bedding products increased by 23.6% and 23.9% respectively; the export of towels The value and quantity of cotton cloth increased by 18% and 9.4% respectively; the export value and quantity of cotton cloth increased by 11.3% and 16.2% respectively; the export of raw cotton dropped by nearly 100%.
In the 2021/11 fiscal year (July-22, 2021), Pakistan’s textile equipment imports increased by 97.9% year-on-year; raw cotton imports increased by 31.2%; used clothing imports An increase of 220.4%; the import volume of synthetic fibers decreased by 4.7%; the import volume of synthetic and rayon threads decreased by 3.2%.
The Pakistan Bureau of Statistics pointed out that the main reasons for the growth of exports are: the sharp depreciation of the Pakistani rupee, the steady increase in global demand, the government’s significant reduction in taxes on imported raw materials, timely tax refunds and the payment of cash subsidies. These measures not only reduce input costs for enterprises but also improve capital liquidity. The main reasons for the growth in imports are: filling the gap in internal raw materials and expanding and upgrading the textile industry chain. </p
