Pakistan’s textile and apparel exports grow by 25.53% in FY 2021-22

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The value of Pakistan’s textiles and garments exports increased by 25.53% in the recently concluded fiscal year 2021-22 (July-June) compared to the last fiscal year 2020-21. During the period, Pakistan earned $19.329 billion from textile and garment exports, up from $15.399 billion in 2020-21, according to the latest data from the Pakistan Bureau of Statistics.

By category, knitwear exports grew 34.23% year-on-year to $5.120 billion during the period, while non-knit ready-to-wear apparel exports grew 28.75% to reach $3.904 billion.

The value of Pakistan’s textiles and garments exports increased by 25.53% in the recently concluded fiscal year 2021-22 (July-June) compared to the last fiscal year 2020-21. During the period, Pakistan earned $19.329 billion from textile and garment exports, up from $15.399 billion in 2020-21, according to the latest data from the Pakistan Bureau of Statistics.

Among textiles, exports of cotton yarn increased by 18.67% to reach $1,206.838 million in 2021-22, compared to exports of $1,016.970 million achieved in 2020-21. Cotton fabric exports also increased by 26.91 percent and were valued at $2.437 billion during the review period. Bedding exports jumped 34.23 percent to $3.292 billion during the period, the data showed.

On the other side, imports of synthetic fibers increased by 18.07% year-on-year to reach 742.802 million dollars, while imports of synthetic and artificial silk yarns increased by 34.01% to reach 878.756 million. dollars in 2021-22.

Meanwhile, Pakistan’s textile machinery import value increased significantly by 29.13% year-on-year to $764.441 million during the period.

In the 2020-21 financial year ending June 30, Pakistan’s textile and garment exports increased by 22.94% to $15.399 billion from $12.526 billion in the previous fiscal year. In fiscal year 2018-2019, the value was $13.327 billion.

Impressive growth in textile-related exports and imports shows a rapid recovery of Pakistan’s textile and apparel sector from the COVID-19 pandemic.

Fibre2Fashion Information Office (KUL)

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