Textile exports in first six months of FY25 up by 10% to $9.9bn

ISLAMABAD: The first half of the ongoing FY25 witnessed an increase of 10 percent in textile exports to $9.9 billion as compared to the exports of $8.29 billion in the same period of FY24.

However, FY25 showed a decrease of 3 percent in exports during the first six months if compared with exports of $9.39 billion registered in FY22. According to the latest textile trade figures, in the whole calendar year of 2024, the textile exports stood at $17.47 billion as against the exports of $16.07 billion during the calendar year 2023 showing an increase of 9 percent.

The trade data in the first 6 months of the current FY25 shows that in July 2024, the textile exports dipped by 3 percent to $1.27 billion as compared to exports of $1.31 billion in the same month of FY24.

However, if compared with the exports of $1.47 billion registered in the same month of FY22, the exports in July of FY25 tumbled by 14 percent.

However, in August of FY25, the exports increased by 13 percent to $1.64 billion as compared to exports of $1.46 billion in the same month of FY24. In September, the textile exports registered a reasonable hike by 18 percent to $1.61 billion as compared to $1.36 billion exports in the same month of FY24. In October, the exports stayed at $1.63 billion with an increase of 13 percent as against $1.44 billion in the same period of FY24.

In November, the exports stayed at $1.46 billion as compared to exports of $1.32 billion in the same month of FY24 showing an increase of 11 percent. However, if compared with exports of $1.74 billion registered in November of FY22, the exports in the same period of FY25 have decreased by 16 percent to $1.46 billion.

Likewise, the exports in the months of December have surged by 11 percent to $1.48 billion as against $1.40 billion exports in the same month of December of FY24, but the exports have decreased by 9 percent if compared with exports of $1.62 billion of FY22.