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Textile exports up 2.9pc to $3.37b during 1Q of FY2019-20

Textile exports up 2.9pc to $3.37b during 1Q of FY2019-20

ISLAMABAD: Textile exports from the country grew by 2.95pc during the first quarter of the current financial year (1QFY20) as compared to the exports of the corresponding period of last year.

Textile products worth $3,371,974 million were exported during the July-September period, as compared to $3,275,303 million worth of exports during the same period of last year.

According to data released by the Pakistan Bureau of Statistics, the export of raw cotton increased by 53.65pc, as around 6,980 metric tonnes of raw cotton (valued at $10,828 million) was exported as compared to the 4,619 metric tonnes ($7,047 million) exported in Q1FY19.

Meanwhile, 3,778 metric tonnes of yarn (other than cotton yarn), worth $9,462 million, was exported during the period under review, as compared to the exports of 2,457 metric tonnes, valuing $7,759 million, during the same period of last year. Knitwear exports recorded a growth of 11.14pc, from $701,393 million last year to $779,548 million.