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Increased demand leads to a surge in exports of Pakistani cotton and garments

According to recent foreign reports, Pakistan's cotton fabric and clothing exports have seen a significant rise, driven by growing global demand for textiles and a decline in the value of the local currency. This combination has created favorable conditions for export growth. In July alone, Pakistan exported 145.2 million square meters of cotton, marking a 14.9% increase compared to the same period last year. From January to July, total cotton exports rose by 10.8% year-on-year. Meanwhile, apparel exports reached 13.8 million dozen in July, reflecting a strong 21.6% annual growth. Notably, exports of knitted garments increased by 23.3%, while woven garments saw a 15.6% rise. Analysts suggest that the weakening of the Pakistani rupee against the US dollar has helped offset rising yarn costs, leading to lower average export prices. In July, the average cost per dozen of exported garments dropped to $24.34, the lowest level in three years. This trend is expected to continue as the rupee remains under pressure, while international demand for Pakistani textiles remains robust. Looking ahead, with these favorable factors in place, Pakistan’s cotton and clothing exports are projected to maintain their upward trajectory in the 2010/11 season. The combination of competitive pricing and strong global demand positions the country well for sustained growth in the textile sector.

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