Downward trend continues in Pakistan textile exports
The Pakistani textile exports showed around 9 % decline during July-December 2015 as compared to same period of previous year. Textile exports continue to decline except a minor improvement in some of the small segments, sources revealed
Raw cotton exports were 72 million during July December 2015, as compared to 114 million in previous year, a decline of 37 % and cotton yarn declined 30 percent as its exports in second half of 2015 dropped to 698 million from 992 million in 2014.
Cotton Cloth exports remained 1110 million as compare to 1237 million previous year, a decline of 10 percent. Knitwear garments exports were 1199 million in July-December 2015 as compare to 1236 million in July-December 2014.
Ready-made garments and towels showed a slight increase. Readymade garments exports in July-December 2015 were 1044 as compare to 1006 in same period of 2014, an increase of 4 %.
Towels showed an improvement of 5 % as its exports in last six months of 2015 jumped to 398 from 390 million in 2014 same period.
According to official, the overall export scenario remained same in the first month of January 2016, with some slight changes due to documentation process or some other procedures, but the overall picture is the same. However, the data has yet to be announced.