Textile, food sectors top exports in 11 months

KARACHI: Pakistan textile and agro-food have topped overall exports of the country during 11 months of fiscal 2001-12, exporters said Tuesday.

According to the latest trade figures, exports from Pakistan during May 2011 were $2.3 billion, which is 32 percent higher than that of May of last year. The cumulative exports for the period July-May 2011 totalled $22.412 billion against $ 17.509 billion during the corresponding period of last year, showing an increase of 28 percent

Consolidated export figures for July-May period showed textile sector was the driving agent in reaching this level of export.

Cotton cloth and knitwear were the top export products and their export grew by 40.6 percent and 30 percent respectively.

Cotton yarn, bed wear and readymade garments were the products which have each crossed the $1.5 billion mark during the 11 months of the fiscal year 2010-11.

During the said period, rice export decreased slightly by 0.7 percent while chemicals grew by 24.2 percent, petroleum products by 41.2 percent, towels by 11.1 percent and art silk and synthetic textile rose by 50.9 percent.

On the other hand, growth in manufacturing sector decreased by 2.6 percent and petroleum group by 11.7 percent.

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