Pakistan: Textile Exports Soared In December, Cotton Demand Is Strong

In December 2020, Pakistan's textile and clothing exports reached 1.4 billion US dollars, with a year-on-year growth of 22.72%. All sectors of the industrial chain performed well.

In the same month, Pakistan's cotton yarn export was 39320 tons, up 64.84% year-on-year, and the export volume was 96.177 million US dollars. Cotton exports rebounded to 162 million US dollars, a year-on-year decrease of 2.63%, knitwear exports of 342 million US dollars, a year-on-year increase of 28.5%, bedding exports of 256 million US dollars, a year-on-year increase of 38.82%, towel exports of 83 million US dollars, a year-on-year increase of 34.02%, tents and canvas exports of 12.238 million US dollars, a year-on-year increase of 51.64%, clothing exports of 285 million US dollars, a year-on-year increase of 11.05%, and manufactured goods exports of 7.70% 2133000 US dollars, up 26.45% year on year. From July to December 2020, Pakistan's textile and clothing exports reached 7.4425 billion US dollars, a year-on-year increase of 7.79%.

As of January 15, 2021, the market volume of Pakistan's new cotton is only 5.493 million bales (155 kg / bag), and the output is expected to be 5.75 million bales. In addition to the 500000 bales not officially counted, the total output is 6.25 million bales. Last week, Pakistan cotton imports were still active, American cotton was still the most popular, Brazil cotton and West Africa low-cost varieties were also traded.

Pakistan's cotton consumption and imports are expected to increase further as international buyers and brands continue to shift their supply channels from China to other regions.