Textile Exports Surge by 10% to $9.9bn in First Half of FY25

ISLAMABAD: Textile exports increased by 10% to $9.9 billion in the first half of the current fiscal year (FY25), up from $8.29 billion in the same period last year.

When compared to the $9.39 billion in exports recorded in FY22, the first half of FY25 showed a 3% decline.

New data from the textile trade shows that exports increased by 9% in 2024, reaching $17.47 billion, up from $16.07 billion in 2023.

According to trade data from the first half of the current fiscal year (FY25), textile exports fell 3% to $1.27 billion in July 2024 from $1.31 billion the previous year. The exports in July of FY25 were $1.47 billion, which is a 14% drop from the same month in FY22.

In addition, compared to $1.46 billion in August of FY24, exports in August of FY25 were $1.64 billion, an increase of 13%.

The textile exports saw a respectable 18% increase to $1.61 billion in September compared to $1.36 billion in the corresponding month of FY24. October exports remained at $1.63 billion, up 13% from $1.44 billion in the corresponding period of FY24.

November exports remained at $1.46 billion, an 11% rise from the same month in FY24 when they were $1.32 billion. But when compared to November FY22 exports of $1.74 billion, the same period in FY25 saw a 16% decline to $1.46 billion.

Additionally, December exports of $1.48 billion were up 11% from $1.40 billion in the same month of FY24, but down 9% from $1.62 billion in FY22.