Textile exports surge by 35pc to $13.8b

ISLAMABAD - The countrys textile exports increased by 35.06 per cent to $13.805 billion during the recently concluded fiscal year 2010-2011. According to the figures released by Federal Bureau of Statistics on Tuesday, the country exported textile commodities worth $13.805 billion in July-June period of the 2010-11 fiscal year against $10.221 billion in the same period of fiscal year 2009-10. The handsome increase in textile exports in last financial year was due to the rising demand for low value-added products and cotton prices in the international market. The textiles exports helped the country to achieve record level of exports worth $ 24.827 billion during the previous financial year. According to the figures, the product-wise details showed that raw cotton exports went up by 83.95 per cent, cotton yarn, 52.50 per cent, cotton cloth, 42.30 per cent, cotton carded, 50.01 per cent, yarn, 48.56 per cent, knitwear, 30.93 per cent, bed wear, 19.56 per cent, towels, 14.45 per cent, readymade garments, 39.73 per cent, art silk and synthetic textile, 50.42 per cent, made up articles 16.64 per cent and other textile materials exports increased by 36.37 per cent in July-June period of 2010-11 against July-June period of 2009-10. However, only tents, canvas and tarpaulin in textile sector showed negative growth of 20.74 per cent in the period under review. Meanwhile, the figures revealed that the countrys food exports also registered an increase of 36.46 per cent in July-June period of 2010-11. The break-up of food group exports revealed that rice exports went down by 1.27 per cent, fish exports increased by 30.59 per cent, fruits 20.08 per cent, vegetables 116.71 per cent, tobacco 87.91 per cent, spices 22.81 per cent, oil seeds export 2.03 per cent, meat 54.86 per cent and all other food items exports enhanced by 89.19 per cent in the period under review. In food group, sugars exports decreased by 100 per cent during the previous fiscal year. Meanwhile, other manufactures group also enhanced by 6.15 per cent. In this group, exports of carpets, rugs and mats decreased by 3.30 per cent, sports goods exports increased by 8.34 per cent, leather exports went up by 35.24 per cent during the previous financial year 2010-2011 as compared to the year 2009-10.

ePaper - Nawaiwaqt