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HomeNews & ViewsIndustry FocusA sharp growth in Pakistan Garment Export

A sharp growth in Pakistan Garment Export

During the first four months of the current financial year Pakistan’s exports of readymade garments grew by 12 per cent. Knitwear exports were up by 9.49 per cent. Bedwear exports were up 5.72 per cent. Textile exports were up 4.10 per cent. Exports of raw cotton during the period increased 0.78 per cent. Cotton carded or combed 100 per cent yarn other than cotton yarn grew by 21.24 per cent. However, exports of cotton yarn decreased by 2.14 per cent, cotton cloth by 4.83 per cent, and tents, canvas and tarpaulin by 1.58 per cent. The country’s merchandise trade deficit plunged by 33.52 per cent during the first four months of the current fiscal year. Exports during the period increased 3.81 per cent. On the other hand, imports of the country witnessed a decline of 19.21 per cent. On a month-on-month basis, exports of the country increased by 14.41 per cent in October 2019 when compared to September 2019. On the other hand, imports into the country witnessed an increase of 7.64 per cent. On a year-on-year basis, exports of the country increased by 6.75 per cent from October 2018 to October 2019. Imports declined by 15.14 per cent from October 2018 to October 2019.

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