The declining trend in the exports of textile products continues and they decreased by 3.14 percent in the first nine months of the current financial year as compared to the same period last year, figures released by the Federal Bureau of Statistics show.
The data released by Federal Bureau of Statistics on Tuesday showed that total textile exports were $7.765 billion in July-March period of 2007-08 compared to $8.017 billion in the same period of previous year. Almost all the products in the category of textile exports, particularly in value-added sector, performed poorly during the period under review, which turned the overall export of textile products to negative.
In month of February, the export of textile products registered a major decline of 5.74 percent to $923.730 million over $979.925 million the same month of last year, however, it was up by over 16.9 percent in the preceding month of February of this fiscal year, when 792.067 million worth of textile products were exported.
The break-up shows that exports of bedwear, knitwear, tents, canvas and tarpulin registered negative growth of 5.24, 7.97 and 3.11 percent respectively, during July-March of the current fiscal year. Export of cotton yarn, cotton cloth, cotton carded and yarn other than cotton declined by 8.27, 11.01, 23.75 and 20.46 percent respectively, during the period under review.
Towel export declined by 3.89 percent and other textile materials were down by 3.80 percent during the said period.
On the other hand, export of raw cotton grew by 18.15 percent, readymade garments up by 7.30 percent, art silk and synthetic textile up by almost 41 percent and made-up articles (excluding towels bedwear) were up by 12.60 percent.
Textile sector has been given billions of rupees cash incentives and subsidies in the last few years to compete with its regional competitors in the international market, however industry representatives said, despite this, the intense competition is depriving the country of its share in various markets because of uncompetitiveness of local products due to high cost of production.
However, questions have been raised over the quality of local products by different international organisations, which stressed on improvement in the quality of products along with cutting down the cost of production.
The data released by Federal Bureau of Statistics on Tuesday showed that total textile exports were $7.765 billion in July-March period of 2007-08 compared to $8.017 billion in the same period of previous year. Almost all the products in the category of textile exports, particularly in value-added sector, performed poorly during the period under review, which turned the overall export of textile products to negative.
In month of February, the export of textile products registered a major decline of 5.74 percent to $923.730 million over $979.925 million the same month of last year, however, it was up by over 16.9 percent in the preceding month of February of this fiscal year, when 792.067 million worth of textile products were exported.
The break-up shows that exports of bedwear, knitwear, tents, canvas and tarpulin registered negative growth of 5.24, 7.97 and 3.11 percent respectively, during July-March of the current fiscal year. Export of cotton yarn, cotton cloth, cotton carded and yarn other than cotton declined by 8.27, 11.01, 23.75 and 20.46 percent respectively, during the period under review.
Towel export declined by 3.89 percent and other textile materials were down by 3.80 percent during the said period.
On the other hand, export of raw cotton grew by 18.15 percent, readymade garments up by 7.30 percent, art silk and synthetic textile up by almost 41 percent and made-up articles (excluding towels bedwear) were up by 12.60 percent.
Textile sector has been given billions of rupees cash incentives and subsidies in the last few years to compete with its regional competitors in the international market, however industry representatives said, despite this, the intense competition is depriving the country of its share in various markets because of uncompetitiveness of local products due to high cost of production.
However, questions have been raised over the quality of local products by different international organisations, which stressed on improvement in the quality of products along with cutting down the cost of production.
