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.
- Levi Strauss raises the bar on sustainability
- Nike reaffirms US production commitment
- Gap and H&M back Myanmar path to labour reform
- H&M faces margin pressure on dollar impact
- Can the Gap brand reclaim its iconic status?
- Myanmar minimum wage set at US$3.2 per day
- Far Eastern to invest $323m in Vietnam textile hub
- Fast Retailing supplier continues strike talks
- China cotton stockpile auction may shake up market
- Under Armour unveils newest retail presence
- Global market review of lingerie - forecasts to 2020
- World Textile and Apparel Trade and Production Trends: The EU - May 2015
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Myanmar's Garment Sector - Opportunities & Challenges in 2015