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Thursday, September 29, 2022

Pakistan’s Textile Exports To USA increased by 50% to $15 billion, surpassing India And Bangladesh

All Pakistan Textile Mills Association (APTMA) South Zone chariman Asif Inam, stated that practically all textile items shipped to the United States had increased.

It should be noted that, as a result of the growth in US exports to Pakistan, Pakistan’s total exports have climbed as well, with more than $15 billion exported in the first six months of the current fiscal year.

Pakistan rice exports increased by 10.73pc to $1.066 Billion in 1st half of financial year 2021-22

Pakistan’s main export market, according to Razzaq Dawood, trade adviser to the Prime Minister of Pakistan, is the United States, with exports exceeding $600 million in December alone.

Textile exporter and former president of the Karachi Chamber of Commerce and Industry Zubair Motiwala claims that the industry was still running in Pakistan when India and Bangladesh were shut down owing to the coronavirus.

Pakistan’s exports to China increased by 69% to $3.58 billion in year 2021

Because the US market required supplies at a time when India and Bangladesh were closed, international purchasers looked to Pakistan. After turning to the Pakistani market, American buyers have continued to place orders with Pakistan.

Pakistan hits highest ever IT Exports in 6 months, expected to reach $3.5 billion in this financial year

According to a survey published earlier this year by Apparel Resources, a website dedicated to the apparel and textiles industry, Pakistan has surpassed India in terms of apparel exports to the United States.

“My factory-made textile exports to the United States are increasing. When you look at exports in the first six months of current fiscal year, you’ll notice a 50 percent increase.

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