Wednesday, May 22, 2024

Textile Exports Hit All-Time High of $14.26 Billion in 9 Months

On Tuesday, the data showed that the country’s textile exports hit a record $12.60 billion in the first eight months of the current fiscal year.

Textile’s profits rose 26 percent compared to $10 billion last year for the period. The strong growth in exports of textile products came mainly from the value-added sector.

The food exports group also saw sizeable growth of 20 percent to $3.43 billion in the first eight months of this fiscal year versus $2.83 billion.

The increase in food exports mainly came from the rice sector and some other foods. The country also saw growth in the export of petroleum products, which rose 59% in the months under review.

The export of sporting goods recorded a growth of 35%; Leather clothing at 9% each, shoes at 17%.

Total exports rose to $20.55 billion in the first eight months of the current fiscal year, compared with $16.332 million in the same period last fiscal year, a growth of almost 26 percent based on strong growth in apparel and other export groups.

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