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Textile group: H1FY23 exports decline 7.07pc to $8.72bn YoY

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ISLAMABAD: The country’s textile group exports declined by around 7.07 percent during the first half (July-December) of the current fiscal year 2022-23 and remained at $8.717 billion as compared to $9.381 billion during the same period of last year, the Pakistan Bureau of Statistics (PBS) said.

The data of exports and imports released by PBS revealed that the country’s textile group exports witnessed a decline of 16.47 percent in December 2022 on a year-on-year basis and remained at $1.356 billion when compared to $1.623 billion during the same month of last year.

On a month-on-month (MoM) basis, the textile group registered 4.56 per cent negative growth compared to $1.420 billion in November 2022.

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