There was a decline in major items of textile sector with export of cotton yearn declined to $1,042 million from $1,081 million, reflecting a decline of 3.68 per cent, and cotton cloth to $1,771 million from $1,879 million with a negative growth of 5.73 per cent. The exports of yarn other than cotton yarn decreased to $20.169 million from $28.602 million, showing a negative growth of 29.48 per cent, while exports of knitwear declined to $1,925 million from $1,929 million with a negative growth of 0.17 per cent. There was a decline of 4.38 per cent in exports of towels following $642.513 million exports as compared to $671.976 million for the period under review and exports of art, silk & synthetic textile declined to $171.819 million in July-April 2017 from $244.423 million for the same period of last fiscal year, registering a decline of 29.70 per cent.
However, exports of bed wear increased to $1,763 million from $1,678 million, showing an increase of 5.01 per cent while exports of tents, canvas & tarpulin increased to $119.470 million from $76.477 million and readymade garments $1,893 million from $1,797 million.
Provisional exports data of selected commodities showed that textile export have declined to $1,025 million in April 2017, 0.34 per cent less as compared to $1,064 for April 2016; exports of cotton cloth declined to $174.047 million from $188.674 million after a negative growth of 10.37 per cent and exports of towel decreased to $64.469 million from $70.354 million, showing a decline of 14.01 per cent. There was an increase of 8.39 per cent in export of cotton yarn after exports increased to $100.633 million in April 2017 from $97.421 million for the same month a year ago, and exports of knitwear raised to $186.945 million from $184.521 million with an increase of 2.52 per cent.
Copyright Business Recorder, 2017