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According to statistics from the Pakistan Bureau of Statistics, Pakistan’s textile exports in February this year were US$1.2 billion, a year-on-year decrease of 3.1% and a month-on-month decrease of 6.8%. The reason was that there were fewer working days in February and high cotton yarn prices.
In the same month, Pakistan’s basic textile exports continued to grow. The export of cotton yarn, cotton cloth, non-cotton yarn and raw cotton increased by 13% month-on-month, while high-value-added products and other textiles fell by 11% and 10%, respectively. Exports of towels and garments fell 10%, 7%, 11% and 15% year-on-year respectively.
In the first eight months of fiscal 2021, Pakistan’s textile exports amounted to US$10 billion, a year-on-year increase of 6.6% and an increase of 11% in rupee terms, mainly due to the transfer of orders from India and Bangladesh to Pakistan. At the same time, the Sino-US trade war has also promoted Pakistan’s textile exports. Pakistan’s high value-added textile exports reached US$6.9 billion in the first eight months of fiscal 2021, a year-on-year increase of 12%.
Currently, cotton planting in Pakistan is about to begin. In the past two years, a decrease in planting area, a sharp drop in yield, poor quality of cotton seeds, variable weather, diseases and insect pests and other factors have led to a decline in total cotton production. Up to now, Pakistan has imported 1.52 million bales of U.S. cotton in 2020/21. In addition to American cotton and Brazilian cotton, the country also imported a small amount of Australian cotton, Central Asian cotton and West African cotton. If India-Pakistan bilateral trade can resume, Pakistan still has room to import Indian cotton.
Xuzhou Heping Chemical Fiber Co., Ltd. is a professional production and sales of polypropylene high-strength yarns, polypropylene industrial yarns, polypropylene high-strength yarns, high-strength polypropylene network yarns, split film industrial yarns and other polypropylene products, which are well received by the market.
If you want to know more product information, please contact: Mr. Wang 187 5178 8889 Website: http://www.cdot.net.cn/