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 weaker domestic currency. The Pakistani rupee has depreciated against the US dollar, making exports more competitive in international markets.
In July, the country exported 145.2 million square meters of cotton, marking a 14.9% increase compared to the same period last year. From January to July, cumulative cotton exports rose by 10.8% year-on-year. Meanwhile, apparel exports reached 13.8 million dozen in July, up 21.6% from the previous year. Knitwear exports increased by 23.3%, while woven garments saw a 15.6% growth.
Analysts suggest that the depreciation of the Pakistani rupee 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 and global demand stays strong.
Looking ahead, experts predict that Pakistan’s cotton and clothing exports will maintain their upward trajectory in the 2010/11 season, supported by favorable exchange rates and sustained international demand. With continued efforts to improve production efficiency and expand market access, the textile sector is well-positioned for further growth in the coming months.
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