Textile exports from Pakistan increased by 3.56 per cent Y-o-Y to $1.36 billion in Mar’24 as against $1.31 billion in Mar’23, as per data from the State Bank of Pakistan (SBP).
On a M-o-M basis, Pakistan’s textile exports increased by 4.45 per cent in Mar’24 compared to exports worth $1.3 billion in Feb’24.
Cumulatively in 9MFY24, the textile exports decreased by 5.31 per cent Y-o-Y to $12.25 billion compared to $12.94 billion in 9MFY23.
In Mar’ 24, textile group products accounted for 54.04 per cent of Pakistan’s total exports. Some of the most exported categories in this group included Knitwear with exports rising by 5.97 per cent to $326.19 million, Readymade Garments with exports increasing by 1.07 per cent to $301.45 million, and Bed Wear with exports expanding by 7.47 per cent to $229.95 million.
On the other hand, the exports of leather manufacturers declined by 1.07 per cent Y-o-Y to $49.42 million in Mar ‘24.