Pakistan's Textile Exports Dip in April 2024, Lowest in 12 Months

In April 2024, Pakistan’s textile exports experienced a decline of 4.84 percent, totaling $1.237 billion, compared to $1.300 billion reported in March of the same year. Despite a marginal increase of 0.37 percent in textile group exports on a month-on-month basis compared to April 2023’s figures, this April marked a 12-month low in textile exports.

For the first ten months (July-April) of fiscal year 2024, textile exports saw a decrease of 0.19 percent, with exports standing at $13.683 billion, down from $13.709 billion in the corresponding period of the previous fiscal year. However, the overall export scenario showed improvement, with Pakistan’s total exports during the first ten months of FY24 reaching $25.279 billion (provisional), marking a notable 9.10 percent increase compared to the same period in the previous year.

Cotton yarn exports demonstrated significant growth, soaring by 32.83 percent in the July-April period, amounting to $845.923 million. However, despite a 24.40 percent month-on-month growth in cotton yarn exports, the year-on-year comparison revealed a 15.11 percent negative growth.

While Pakistan’s overall exports in April 2024 stood at $2.352 billion (provisional), representing an 8.38 percent decrease compared to March 2024 figures, it showcased a 10.16 percent increase compared to April 2023. Key exports in April 2024 included knitwear, readymade garments, rice, bedwear, cotton cloth, towels, Basmati rice, cotton yarn, made-up articles, fish, and fish preparations, indicating the diversified export portfolio of the country.