Cotton yarn export increases 25.97pc in nine months

ISLAMABAD - Cotton yarn exports from the country during first nine months of current financial year registered about 25.97% growth as compared to exports of the corresponding period of last year. During the period from July-March, 2021-22, about 260,284 metric tons of cotton yarn valuing $908.487 million was exported as compared to exports of 293,161 metric tons worth $721.216 million of same period last year. Meanwhile, 2,752 metric tons of raw cotton worth $6.577 million was also exported during the period under review as compared toexports of 499 metric tons valuing $0.0593 million of same period last year. In first three quarters of current financial year, the exports of cotton cloth grew by 26.51% as 342,700 metric tons of cotton cloth valuing $1.795 billion was exported as compared to exports of 314,562 metric tons worth $1.419 billion of same period last year. During the period under review, the exports of cotton carded or combed grew by 100% as 1,211 metric tons of above mentioned commodity worth $1.632 million was exported as against the exports of 49 metric tons valuing $0.064 million of same period last year. It is worth mentioning here that cotton crop would be cultivated over 2.5333 million hectares of land during current Kharif season (2022-23) across the potential areas of the country to produce about 11.034 million bales for fulfilling the domestic demand for industrial raw material as well as for exporting. Meanwhile, the federal ministry in collaboration with provincial governments and other stakeholders was also working on multi-pronged strategy to bring maximum area under cotton production for achieving sustainable agriculture growth as well as enhancing farms income. The textile group exports from the country during first 09 months of current financial year witnessed about 25.97% growth and reached 14.242 billion as against the exports of $11.355 billion of same period last year.

 

 

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