Garment export to United States, European Union and Canada

Pakistan's garment export to European Union and Canada registered a decline while to the US market, the garment export posted a slight increase, an IMF report revealed. The garment export to EU market declined from 1.7% in 2003 to 1.5% in 2007.

The share of Bangladesh in garment export to the EU has increased to 7.1% in 2007 as compared to 6.6% of 2003. This is 5.4% higher than that of Pakistan. The report further revealed that export of garments from India have also increased by 1.2% in 2007 as compared to 2003 while these were about 4.7% more than that of Pakistan.

Similarly, during 2003, the garment exports to Canadian market were around 1.5% that decreased to 1.0% in 2007 which shows a decline of 0.5%. The garment export of Bangladesh to the Canadian market has increased from 5.3% in 2003 to 6.4% in 2007 showing an increase of 1.1% while it was 5.4 %more than that of Pakistan.

India exports show the same trend vis-à-vis Pakistan as its garments export to the Canadian market decreased from 7.3% in 2003 to 4.7% in 2007.

According to the IMF report, the garment export of Pakistan to US market increased to 2% in 2007 from 1.6% in 2003 showing a decrease of 0.4%. On the other hand, the garment exports of Bangladesh and India to the US markets are showing an upward trend in 2007 being 4% and 4.3% respectively.