ISLAMABAD -  Textile exports went down by 1.94 percent during five months (July-November) of the current financial year.

The country exported textile goods worth of $5.1 billion during July-November period of the FY2017 as against $5.2 billion of the corresponding period of the last year. The country's overall exports are continuously declining from last couple of years due to internal as well as external issue.

Overall exports recorded at $8.2 billion during July-November period of the FY2016-17 as against $8.5 billion of the corresponding period of the previous year, according to the fresh data of Pakistan Bureau of Statistics (PBS).

According to the PBS data, the break-up of textile's exports showed that export of cotton yarn declined to $545 million during July-November of FY2017 from $593 million of the same period of last year, showing a decline of 8.09 percent. Cotton cloth export came down to $896.8 million from $923.7 million, registering 2.9 percent fall.

Meanwhile, yarn's export (cotton yarn excluded) recorded a decline of 30 percent. Towels exports reduced by 8.63 percent to $310.8 million in July-November period of the FY2017 from $340 million of the corresponding period of the last year. Knitwear export during the period under review went up by 0.03 percent to $996 million. Exports of towels, tents, canvas and tarpaulin and readymade garments recorded an increase of 70.49 percent to $55 million in the first five months of the FY2017 from $32.3 million of the same period of the previous year.

Meanwhile, exports of bed wear showed growth of 3.57 percent to reach at $873.3 million from $843.3 million. Exports of made-up articles (excluding towels bed-wear) also showed growth of 5.11 percent. Meanwhile, food sector exports reduced by 10.42 percent to $1.3 billion during July-November period of FY2016-17 from $1.48 million of the last year.

In food group, rice exports went down by 18.99 percent to $557.6 million during five months of the current fiscal year as against $688 million of previous year. The vegetables exports recorded decline of 29.1 percent and remained at $47.8 million. Interestingly, there is no growth or decline in exports of pulses as they remained at zero level. Wheat exports registered an increase of 100 percent, as the country exported wheat worth $191 million. Sugar's exports declined by 100 percent and meat and its products exports also tumbled by over 19 percent during July-November period.

Meanwhile, the exports of petroleum and coal products decreased by 20.17 percent, manufacturing products by 6.12 percent, while the exports of leather products dropped by 5.63 percent during July-November period of FY 2017.

Meanwhile, the country's imports recorded an increase of 8.83 percent during July-November period of the FY2017. Pakistan imported goods worth $19.96 billion during the five months of the ongoing financial year as compared to $18.35 billion of the same period of the last year.

In imports, the country imported oil products worth of $4.08 billion during July-November of the ongoing financial year as against $3.86 billion of the same period of the previous year showing an increase of 5.59 percent.