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Textile exports up by 2.68% YoY to $1.53bn in September: PBS – Mettis Global Link

Oct 18, 2022 (MLN): Pakistan’s textile exports improved to $1.53bn in September’22, up by 2.68% YoY, whereas reveals a decrease of 3.07% Mom, the most recent knowledge introduced by the Pakistan Bureau of Data (PBS) showed.

As for every the knowledge, thirty day period on month foundation, the cotton carded phase remained a big outperformer with an maximize of 67.50% Mom to $.134mn, towels by 16.32% to $87.28mn and other textile products by 8.99% to $63.44mn.

Meanwhile, made-up article content also witnessed a leap of 5.96% Mom to $64.06mn.

On a YoY basis, raw cotton,  tents, canvas and tarpaulin and towels elevated by 100%, 18.26%, and 8.16% YoY, although cotton carded, other yarn and cotton yarn diminished by 80.94%, 11.92% and 20.39% respectively.

Likely by the info, food items exports from the place in September’22 stood at about $355 million, decrease by 1.26% YoY and 3.31% Mom from $359mn in September’21 and $367mn in August’21, respectively.

Commodity-smart, rice, fish & fish preparations, meat, oil seeds remained the major resources of international trade earnings through the evaluate time period as their exports were valued at $118.85mn, $41.85mn, $30.05mn and $29.88mn respectively.

The exports of fish, tobacco and veggies witnessed a soar of 30.73%, 29.39% and 14.62% YoY respectively in September, when fruit exports went down by 40.11% YoY.

Equally, the export of petroleum items declined by of 79.84% YoY to $5.49mn in September’22. It was primarily led by exports of petroleum crude, reduced by 100% YoY, and petroleum items (excl. Prime Naphta) at $5.49mn, elevated by 73.68% YoY.

Likely into aspects produced readily available by PBS, the other manufactures team observed a 5.59% YoY boost in exports throughout September’22 to $347.72mn. Less than this team, the trade value of sporting activities very good stood at $38.41mn, up by 40.50% YoY.  The country gained $55.37mn by way of the export of leather manufactures, marking a growth of 15.10% YoY.

Meanwhile, the exports of jewellary witnessed an raise of 434.48% YoY and 50%Mother to value at $.930mn throughout September’22. Engineering items exports elevated by 17.46%YoY to $17.73mn in September’22, the significant chunk of exports below the engineering items through the explained time period was mostly from the transport tools and other electrical equipment which clocked in at $.914mn, and $4.07mn.

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Posted on:2022-10-18T18:00:00+05:00