Textile And Clothing Exports In Pakistan Dropped Significantly

Tuesday,

As demand in the international market shrinks, especially in the eurozone crisis, European demand has declined, so Pakistan's textile and clothing exports began to decline in October.

But the industry seems to have no plans to deal with a downward trend in exports, and exports will deteriorate before the world market recovers.

Last year, international cotton prices rose and exports increased significantly. Demand for Pakistan's low value-added products recovered slightly, especially raw materials.

From the absolute quantity, textile exports amounted to US $819 million 172 thousand in November, compared with $1 billion 27 million in the same month last year, down 19.14% from the same period last year.

The decline in exports has worried policymakers that shrinking exports may lead to layoffs in the textile industry.

An industry wide analysis shows that raw cotton, cotton yarn, cotton cloth, cotton comb and

During this period, tent exports increased significantly compared with the same period last year.

In the past 5 months, the total export of textiles and clothing has seen a negative growth of 1.30%, because in July -11, the textile and garment industry exported 5 billion 20 million US dollars, compared with 5 billion 86 million US dollars in the same period last year.

Gohar Ijaz, former chairman of the Pakistan textile factory Association, once said that exports of textiles and clothing could reach US $20 billion in June 2012, but he said the premise was to satisfy the textile industry.

However, he did not expect the demand of the international market, because of the increasingly serious debt crisis, the demand for the international market dropped sharply.

As a result, Pakistan's exports to Europe have dropped sharply, although the government has lowered interest rates, and Pakistan has depreciated in recent months.

Last year, by the end of June 2011, exports of textiles and clothing reached about US $15 billion, but this increase was mainly due to soaring cotton prices in the international market.

At the same time, value-added machinery imported to improve product quality and production capacity has declined significantly.

Statistics show that in July -11, imports of textile machinery decreased by 26% over the same period last year, indicating that textile enterprises did not plan to expand production this year.

Contrary to the growth trend of textile and apparel industry, the export of traditional or non-woven products increased by 20.2% in July -11, reaching US $4 billion 367 million in the current fiscal year, compared with 3 billion 633 million US dollars in the same period last year.