“Analysis of Pakistan’s Textile Exports: Trends and Fluctuations in FY 2023-24”

According to the Pakistan Bureau of Statistics (PBS), textile product exports from Pakistan amounted to $11,145.661 million during the initial eight months of the current fiscal year (2023-24). This represents a slight decrease of 0.65 percent compared to the earnings of $11,218.644 million during the same period of the previous fiscal year (2022-23). Among the textile commodities, several experienced positive trade growth. For example, exports of raw cotton surged by 353.78 percent, rising from $12.286 million last year to $55.752 million this year. Similarly, cotton yarn exports increased by 48.18 percent, from $505.015 million to $748.307 million, while towel exports grew by 3.64 percent, from $666.497 million to $690.745 million. Bed wear exports also saw a rise of 2.08 percent, climbing from $1,834.903 million to $1,873.008 million. However, some textile products faced a decline in exports. Cotton cloth exports decreased by 8.71 percent, dropping from $1,380.075 million to $1,259.897 million, and cotton carded or combed exports decreased by 32.55 percent, from $0.970 million to $0.654 million. Other products experiencing negative growth include yarn other than cotton yarn (down 18.06 percent), knitwear (down 5.69 percent), tents, canvas, and tarpaulin (down 10.72 percent), and ready-made garments (down 2.99 percent). These figures depict fluctuations in Pakistan’s textile export industry, indicating various factors influencing trade dynamics in the sector.

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