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ISLAMABAD, (LAIBA): Experts in Pakistani cotton expressed optimism about the growth of the country’s cotton sector and yarn exports to China and other countries, which are rising annually despite floods and other challenges.
According to the Ministry of Commerce, sources said that as per the General Administration of Customs of the People’s Republic of China (GACC), China imported more than $617.62 million worth of cotton yarn from Pakistan in the first eleven months of 2023.
Uncombed single cotton yarn containing 85% or above, (commodity code 52051200) crossed $ 414.70 million from January – November of 2023.
Data further showed that cotton yarn (commodity code 52051100) crossed $195.097 million in the first eleven months of 2023, while last year in the same period it was $106.76 million.
Uncombed cabled cotton yarn (commodity code 52053200) crossed $5.27 million from January to November 2023.
In the first eleven months of 2023, more than 237964.907 tons of cotton yarn in the top three items was imported from Pakistan.
Sajjad Mazahir, General Manager of China Operations Keywin Trading Ltd, told China Economic Net that Cotton yarn exports from Pakistan to China are one of the very organized export sectors.
Suppliers have built their brands and reputation over quality, pricing, and above all strong connections over the year.
He further said that Pakistan’s local textile industry has been blessed with tremendous opportunities post flood with many sectors showing strong exports, denim, towels, home textiles, and made-ups.
That situation has changed Pakistan’s surplus exports to local consumption and the price quantities being exported to China is sliding gradually, Gwadar Pro reported on Monday.