Pakistan'S Textile Exports Increased By 7.79% In The First Half Of Fiscal Year

Pakistan's "national daily" reported on January 16 that the latest data of Pakistan's Statistics Bureau showed that in the first half of this fiscal year (2020.07-2020.12), Pakistan's total export of goods was US $12.098 billion, a year-on-year increase of 4.98%; the total import volume was $24.521 billion, with a year-on-year growth of 5.72%. The trade deficit was US $12.423 billion, up 6.44% year on year.

In the first half of fiscal year, the main industry driving export was textile industry, with a total export volume of 7.44 billion US dollars, a year-on-year increase of 7.79%, of which the export of knitwear increased from 1.587 billion US dollars in the same period of last fiscal year to 1.850 billion US dollars, with a year-on-year growth of 16.55%; the export of towel was 446 million US dollars, with a year-on-year increase of 17.47%; and the export of ready-made clothes was 1.497 billion US dollars, with a year-on-year increase of.

In the first half of the fiscal year, the export of textile commodities decreased mainly as follows: raw cotton export decreased by 96.14%, cotton yarn export decreased by 26.36%.