Textile exports show negative growth of 5.6 percent

ISLAMABAD, Mar 24 (APP): Export of textiles during the first eight months of current financial registered negative growth of 5.6 percent as against the exports recorded corresponding period of the last financial year. 

Exports during July-February (2008-09) totaled $ 6.47 billion against the exports of $6.85 billion recorded during July-February (2007-08), according to data by Federal Bureau of Statistics. 

During the time under review, the highest negative growth of 51.24 percent was recorded in the exports of yarn (other than cotton yarn) while exports of art, silk and synthetic textile were decreased by 23.45 percent. 

Similarly, exports of cotton yarn declined by 15.28 percent, cotton (carded or combed) by 13.81 percent, knitwear by 2.66 percent, bed wear by 10.44 percent, tents, canvas and trapulin by 21.18 percent, readymade garments by 12.43 percent, madeup articles by 0.3 percent while the exports of other textile materials declined by 15.28 percent during the period. 

However, the exports of raw cotton witnessed increase of 154.5 percent during the time under review while exports of cotton cloth increase by 5.57 percent and towels by 10.02 percent. 

During February 2009, exports of textile decreased by 13.42 percent as compared to the exports of January 2009. 

Exports during February 2009 were recorded at $ 652.813 million as against exports of $753.981 million recorded during January 2009. 

During the month under review, exports of raw cotton were declined by 26.82 percent, cotton cloth by 6.32 percent, cotton (carded or combed) by 50 percent and knitwear by 18.86 percent. 

Similarly, the exports of bed wear increase by 21.71 percent, towels by 18.81 percent, tents, canvas and trapulin by 14.89 percent, readymade garments by 8.32 percent, art, silk and synthetic textile by 20.72 percent while exports of made up articles witness negative growth of 19.48 percent during the month. 

On the other hand, exports of yarn (other than cotton yarn) grew by 25.02 percent cotton yearn by 0.81 percent while exports of other textile materials increased by 2.22 percent.