Showing a notable increase, Pakistan’s textile exports grew by 10.44 per cent to $6.146 billion in the first four months of FY’24-25, spanning July-Oct as against $5.565 billion in the same period last year, as per figures by the Pakistan Bureau of Statistics (PBS). This increase highlights the resilience of the country's textile industry despite facing difficulties in certain raw material exports.
In Oct’24. Pakistan’s textile exports increased by 13.11 per cent to $1.625 billion as against $1.437 billion in Oct’ 23. On a M-o-M basis, textile exports rose by 1.30 per cent from $1.604 billion in Sep’ 24.
However, Pakistan’s cotton yarn exports contracted by 45.59 per cent during the first four months of FY25 to $221.76 million from $240.76 million in the same period last year. Although cotton yarn exports increased by 13.83 per cent M-o-M in Oct’24 to $59.18 million compared to $51.99 million in Sep’ 24, the Y-o-Y decline widened to 35.79 per cent compared to $92.16 million in Oct’ 23.
Key textile commodities exported by Pakistan in Oct’ 24 included knitwear with exports worth Rs 136.36 billion, RMG with exports of Rs. 100.55 billion and bedwear with Rs. 76.28 billion exports. The strong performance in these value-added products compensated for the challenges in raw material exports like cotton yarn, reinforcing Pakistan's competitive edge in the textiles sector.
The consistent growth trend in Pakistan's textile exports, particularly in garments and value-added products, reflects the sector’s adaptability and strategic shift towards high-value commodities, despite ongoing challenges in the raw material segment.