Textile exports rise 4% YoY to $1.6bn in July

Mettis Global reported that Pakistan's textile exports climbed 3.91% on an annual basis, reaching $1.64bn in July, according to State Bank of Pakistan data. Knitwear and readymade garments led the growth, and textiles accounted for 54.36% of total exports. Shipments were also 4.99% higher than the $1.56bn recorded in June.

Knitwear exports advanced 4.96% to $441.43mn, while readymade garments gained 6.06% to $403.55mn. Bed wear receipts declined 6.19%, and the category was valued at $281.28mn. Leather manufactures also edged up 7.77% to $61.21mn.

Total exports under the balance of payments measure reached $3.01bn in July, up 9.38% year-on-year and 16.91% higher month-on-month. Food group shipments rose 7.96% to $452.14mn, and rice remained its largest earner at $211.99mn. Petroleum shipments totalled $89.28mn, up 44.65% year-on-year.