Pakistan’s exports of textiles and clothing reached US$1.356 billion in December, down 4.57% month-on-month and 16.50% year-on-year, marking the third consecutive month of year-on-year decline this fiscal year; exports of cotton yarn were 17,300 tons. , a month-on-month increase of 39.16%, a year-on-year decrease of 38.99%; the export of cotton cloth was 27 million square meters, a month-on-month increase of 6.39%, a year-on-year decrease of 13.13%.
In the 2022/23 fiscal year (July-December 2022), Pakistan’s exports of textiles and clothing reached US$8.717 billion, a year-on-year decrease of 7.09%, accounting for 58.63% of total merchandise exports %; exports of cotton yarn were 105,800 tons, a year-on-year decrease of 41.85%; exports of cotton cloth were 174 million square meters, a year-on-year decrease of 21.62%.
It can be seen that due to the global economic downturn and weak procurement demand at the end of the year, Pakistan’s textile and apparel exports declined slightly year-on-year this fiscal year. Pakistan’s cotton yarn exports increased significantly month-on-month in December, due to the moderate improvement in downstream demand. Due to the high inventory of finished products in spinning mills, reducing inventories to raise funds has become the mainstream of operations. Some companies have slightly increased yarn prices, and downstream companies mostly replenish inventories at high prices for rigid needs. host. In terms of exports, demand has improved slightly, and inquiries from the Chinese market have improved, but most of them are low-priced and small-volume purchases.
