Pakistan Textile Exports Grow 10% in 4MFY25, Boosting Industry Confidence

The Pakistan Bureau of Statistics (PBS) reported a 10.44% increase in the country’s textile exports during the first four months of the fiscal year 2024-25 (July-October), reaching $6.146 billion compared to $5.565 billion in the same period last year. Overall exports during this period rose by 13.55%, amounting to $10.889 billion, compared to $9.590 billion in the corresponding timeframe of the previous year.

In October 2024, exports totaled $2.984 billion, reflecting a 5.22% month-on-month (MoM) increase from $2.836 billion in September 2024 and a 10.97% year-on-year (YoY) increase from $2.689 billion in October 2023. Textile exports for October 2024 rose by 13.11% YoY to $1.625 billion, up from $1.437 billion in October 2023, and by 1.30% MoM from $1.604 billion in September 2024.

Cotton yarn exports showed a significant 45.59% decline in July-October 2024, reaching $221.759 million, down from $407.564 million in the same period last year. However, MoM growth was 13.83% in October 2024, totaling $59.180 million compared to $51.991 million in September 2024, despite a YoY decrease of 35.79% from $92.160 million in October 2023.

Rice exports registered robust growth, increasing by 52.53% YoY in July-October 2024 to $1.084 billion, up from $710.789 million in the same period last year. On a MoM basis, rice exports rose by 40.88%, reaching $362.329 million in October 2024, compared to $257.197 million in September 2024, and recorded a 19.03% YoY growth from $304.401 million in October 2023.

Key export commodities in October 2024 included Knitwear (Rs. 136,359 million), Readymade garments (Rs. 100,547 million), Rice (Rs. 81,544 million), Bed wear (Rs. 76,281 million), Cotton cloth (Rs. 43,251 million), and other significant items such as towels, oil seeds, nuts, kernels, and basmati rice.