Due to a partial resuscitation of foreign orders and the government’s support schemes, Pakistan’s non-textile exports increased by 24.28 percent year on year to $9.11 billion in the first nine months of the current fiscal year (9MFY22).
The value-added sectors are driving overall growth in the non-textile industry. According to data compiled by the Pakistan Bureau of Statistics (PBS), the non-textile sector has yet to receive full orders to pre-Covid levels.
Despite lockdowns in several nations, three industries — leather clothing, surgical instruments, and engineering goods — maintained growth in export proceeds in FY21.
Exports of leather garments increased by 7.95 percent and leather gloves increased by 8.74 percent in the value-added leather sector. In contrast, raw leather exports climbed by almost 36.35 percent from a year ago in the first nine months (July-March).
Pakistan is a major provider of surgical instruments around the world. However, well-known brands re-market these instruments in Western countries. As a result, the export value of these goods is extremely low.
Surgical equipment exports decreased by 5.13 percent in 9MFY22 compared to the same period in FY21. Exports of pharmaceutical products grew at a negative rate of 3.25 percent over the same time period.
Exports of footwear climbed 17.92 percent year over year, with leather and canvas footwear leading the way. Engineering exports increased by 2.80% year over year in FY22. Electric fan exports, on the other hand, fell 2.12 percent in the year under review.
Carpet exports increased by 12.28 percent, while sports goods exports increased by 35.23 percent in the first nine months of this year compared to the same period last year. Football sales increased 40.33 percent from a year ago in the sports industry from July to March this year.
The government has suggested numerous measures in the budget for 2021-22, including a reduction in raw material duties to encourage the export of pharmaceutical, plastic, chemical, engineering, and value-added textile products.
According to PBS data, the food basket grew 18.92 percent year over year in the first nine months of the current fiscal year.
Rice exports increased 14.96 percent year over year to $1.79 billion in this category. In terms of volume, rice exports reached 3.54 million tones this year, up from 2.88 million tones the previous year.
Basmati exports climbed by 21.63 percent in value and 26.14 percent in quantity, while non-basmati exports increased by 12.60 percent in value and 22.19 percent in quantity.
Spice exports increased by 8.05 percent, followed by oilseeds, nuts (up 131.4 percent), and meat and goods (up 1.18 percent). During the period under review, exports of fish products increased by 2.04 percent. In contrast, vegetable exports increased by 1.09 percent, fruits by 4.22 percent, and tobacco by 59.35 percent.