PAKISTAN: Textile and clothing FY exports grow
Pakistan's textile and clothing exports grew 5.3% last fiscal
Pakistan's textile and clothing exports grew 5.3% to US$13.74bn in the last fiscal year, thanks primarily to the GSP Plus status granted to the country by the European Union (EU).
According to the latest data released by the country's bureau of statistics, exports of woven ready-made garments were up by 8.3% to $1.95bn in the period from July 2013 to June 2014, while knitted garments rose 10.8% to $2.26bn.
Exports of cotton cloth climbed 3% to $2.77bn, but synthetic textile items dropped 5.5% to $383.48m. Shipments of cotton yarns were also down, by 11.1% to $2bn.
Footwear exports, however, surged by 13.7% to $118.7m, boosted by a 17.5% rise in exports of leather footwear to $98.1m during the period.
Pakistan's accession to the EU's GSP Plus trade programme become effective on 1 January.
An interactive databank with intelligence on the major apparel sourcing countries
- Supply chain takeaways from Sourcing at MAGIC
- Cotton supply chain transparency an ongoing issue
- Why voters don’t want more global supply chains
- No simple way to be sustainable, says SAC CEO
- Denim and athleisure top picks for back-to-school
- H&M takes action over Myanmar child labour breach
- Vietnam garment industry calls for strategy update
- US Q2 in brief - Sears, Burlington, Tilly's
- Zara USA faces US$5m deceptive pricing lawsuit
- Li & Fung eyes supply chain speed in 3-year plan
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Myanmar's Garment Sector in 2015 - now with updated members' directory