Pakistan’s non-textile exports rose 27.40 percent year-on-year to $11.25 billion during the first 11 months of the outgoing fiscal year on account of a partial revival of international orders and the government’s support schemes.
According to the data compiled by the Pakistan Bureau of Statistics (PBS), generally, the growth in the non-textile sector is mostly led by the value-added sectors. The non-textile sector is still to receive full orders to pre-Covid levels.
In FY21, three sectors — surgical instruments, leather garments, and engineering goods — posted huge growth in export proceeds despite lockdowns in various countries.
In the value-added leather sector, exports of leather garments increased by 12.04 percent and leather gloves by 13 percent.
The export of surgical instruments showed a negative growth of 1.37 percent in 11MFY22 against the same period in FY21. But, the exports of pharmaceutical products recorded a positive growth of 1.64 percent growth during the period under review.
Read more: Pakistan’s non-textile exports jump by 24.28% to $9.11 billion in nine months
Moreover, footwear exports were up by 25.22 percent year-on-year led by leather and canvas footwear. The export of engineering products increased 7.23 percent year-on-year in FY22. Conversely, the export of electric fans rose 2.33 percent during the same period.
The export of carpets showed growth of 12.80 percent, whereas 32.37 percent export was recorded by sports goods in 11 months this year from a year ago.
Under the proposed budget 2021-22, the government has recommended some measures including a reduction in duty on raw materials to increase exports of plastic, pharmaceutical, engineering, chemicals, and value-added textile products.
Meanwhile, the food basket recorded a growth of 24.23 percent in the 11 months of the ongoing fiscal year from a year ago.
According to the data, exports of rice saw a growth of 22.62 percent year-on-year to $2.27 billion. Besides, basmati exports in value hiked up by 24.75 percent and 25.24 percent in quantity however non-basmati exports increased by 21.81 percent in value and 34.32 percent in quantity.
The export of spices increased 17.25 percent, followed by oilseeds, nuts (115.6 percent), and meat products (2.12 percent).
Furthermore, the export of fish products posted growth of 1.77 percent. Foreign sales of fruits and tobacco also increased 6.23 percent and 55.23 percent, respectively, during the period under review.
