Textile imports into the country fell by 11.7% in July-August 2012 against the same period of the preceding year. Overall imports of textiles clocked in at $374.34 million during the first two months of the current fiscal year, against imports of $421.43 million during the same period last year.
According to data compiled by the Pakistan Bureau of Statistics, imports of synthetic fibre shrank by 28.51% during the period under review. Synthetic fibre imports into the country were recorded at $62.73 million in July-August 2012, against imports of $87.75 million during July-August 2011. Meanwhile, imports of raw cotton increased by 22.24%, growing from $92.25 million to $112.77 million. Additionally, imports of worn clothing increased 23.79%, going up from $20.29 million to $25.12 million.
Imports of synthetic and artificial silk yarn were recorded at $84.75 million during the period under review, against imports of $111.86 million in the previous year, translating into negative growth of 24.24%. Similarly, imports of all other textile items registered negative growth of 18.58%, decreasing from $109.28 million to $88.97 million.
Meanwhile, during the month of August 2012, textile imports into the country declined by 1.85% and 10.78%, if compared to import figures from August 2011 and July 2012 respectively. Textile imports in August 2012 stood at $176.51 million, against imports of $179.83 million and $197.83 million in August 2011 and July 2012 respectively.
It is pertinent to mention here that overall imports into the country during the period under review have witnessed a decrease of 1.99%. Total imports were recorded at $7.35 billion in the first two months of fiscal 2013, against imports of $7.50 billion in the preceding year, the statistics agency’s data revealed.
Published in The Express Tribune, September 26th, 2012.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ