Towels worth $396.196 million exported in six months

ISLAMABAD : Towel exports from the country during first half of current financial year registered an increase of 4.56 percent as towel worth US$ 396.196 million exported as compared to the corresponding period of last financial year.

Towel export was recorded at US$ 380.823 million during first six months of last financial year, said figures of Pakistan Bureau of Statistics. During the period from July-December, 2015, about 87,413 metric tons of towel exported as compared the export of 81,112 metric tons of same period last year, the data added. Meanwhile, exports of ready made garments grew by 3.85 percent as compared to the corresponding period of last year, the data revealed. In first six-months ready made garments worth $1.006 billion exported as compared the exports of $1.004 billion of same period of last year.

During the period under review, about 15,027 thousand dozen of ready made garments were exported as compared to 15,094 thousand dozen exported during same period of last financial year, said the data of Pakistan Bureau of Statistics. On month-on-month basis, the textile group exports increased by 8.2 percent to $1.04 billion in December as compared to the previous month’s (November, 2016) exports of $961.455 million. However, the data revealed that textile group exports fell by 8.93 percent to $6.269 billion in first half of current fiscal year as compared to the exports of $6.884 billion in same period of last year.

During first half of current financial year, the textile group items which recorded negative growth in their exports including cotton yarn by 29.66 percent, cotton cloth exports by 10.24 percent and knitwear 3.05 percent. However, other textile material exports witnessed 0.73 percent growth in first two-quarters of current financial year as textile material worth of $233.285 million exported as compared to $231.885 million of same period of last financial year.

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