Textile export witnessed some recovery after a long time in October when its export increased by 19.42% over the same month of last year. This recovery was also seen in the export of textile goods during the month of October over the preceding month of September with the growth of 11.33%.

This improvement in the textile export also impacted the first four months’ export figures positively with the marginal fall of 4.72% in its overall export over the corresponding months of last year.

The recovery in textile export was mainly attributed to major export of raw cotton and cotton yarn during these months that has now days become a major source of concern for the value-added textile component because of high prices of these items in the local market affecting their performance.

Exporters commenting on the textile export growth said that it should not be viewed as a positive development as we are exporting raw material, which can fetch better price if exported after value addition. The unit price fetched by exporting raw cotton and cotton yarn is much lower than the price obtained by the value-added product.