Pakistan exports 10,000 tons of cotton yarn
Exports of textiles and clothing in December reached US$1.624 billion, a month-on-month decrease of 6.46% and a year-on-year increase of 15.92%. Among them, the export of cotton yarn was 28,400 tons, a decrease of 8.07% from the previous month, and a decrease of 27.71% from the same period last year; the export of cotton cloth was 0.32 million square meters, a decrease of 13.68% from the previous month, and a decrease of 49.17% from the same period last year; the export of knitwear was US$440 million, a decrease of 3.93% from the previous month; the export of bedding products was 2.53 billion US dollars, a month-on-month decrease of 19.68%; exports of ready-made garments were US$347 million, a month-on-month increase of 5.47%.
Pakistan’s total merchandise exports in the 2021/22 fiscal year (July-December 2021) reached US$15.13 billion, a year-on-year increase of 24.91%. Among them, exports of textiles and clothing were US$9.382 billion, a year-on-year increase of 25.98%; exports of cotton yarn were 181,900 tons, a year-on-year increase of 3.09%; exports of bedding reached US$1.659 billion, a year-on-year increase of 19.01%; exports of towels were US$52.366 million, a year-on-year increase of 17.5%; exports of ready-made clothing US$1.831 billion, a year-on-year increase of 22.89%; exports of art, silk and synthetic textiles were US$225 million, a year-on-year increase of 34.25%; exports of manufactured products (excluding bedding and towels) were US$423 million, a year-on-year increase of 11.61%; exports of other textiles Materials amounted to US$384 million, a year-on-year increase of 24.68%.
Overall, Pakistan’s exports of goods, textiles and clothing increased steadily in the 2021/22 fiscal year, with a year-on-year increase of nearly 30%. The main influencing factors are as follows: 1. The sharp depreciation of the rupee and the growth of global demand; 2. The government significantly reduces import tariffs on raw materials and provides timely tax refunds; 3. Efficient customs procedures.
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