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Textile exports decline in July-August

Textile exports have declined by 8.36 percent during the first two months of the current fiscal as compared to the same period of last year. Provisional trade figures, released by the Federal Bureau of Statistics (FBS) on Thursday, showed that the textile exports during July-August 2009-10 had declined to 1.617 billion dollars as compared to 1.765 billion dollars during the same period of last year.

Detailed analysis of the data showed negative growth in six of the total 13 exporting sub-sectors of textile group. Cotton cloth showed a negative growth of 27.30 percent during the period under review; cotton corded or combed: 80.87 percent; knitwear: 12.44 percent: bed wear: 11.30 percent; towels: 10.68 percent; and tents, canvas and tarpaulin: 37.40 percent.

Export of cotton cloth declined during the first two months of current fiscal to 225.081 million dollars from 350.884 million dollars for the same period of last year, exports of knitwear declined to 320 million dollars from 365 million dollars and bed wear to 259 million dollars from 292 million dollars.

The exports of towels dipped to 103 million dollars during July-August to 115 million dollars whereas tents, canvas and tarpaulin to 6.68 million dollars from 10.673 million dollars for the same period of last year. According to FBS figures, the export of cotton raw cotton showed 33.50 percent growth to 19.653 million dollars during the first two month of the current fiscal from 14.721 million dollars for the same period of last year.

For full news visit: www.prgmea.org

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