“As per US textile import data released by US Census Bureau in January-April 2006, Pakistani textiles registered a growth of 16% and reached US$1,020 million as compared to US$877million in January-April 2005. This has resulted in improvement of Pakistan’s share in the overall textile import of US to 3.5% as compared to 3.0% in the same period of 2005. In calendar year 2005, Pakistan’s market share was 3.2%. .US have remained the huge market for Pakistan textile exports. Although in the period January-April 2006 Pakistan textile export to US surged by 16% over the corresponding period in 2005, its overall textile export grew by only 7%. Hence, this represents the higher growth momentum for Pakistani textile products to US especially in the post WTO regime. Pakistan’s total textile exports have increased by 18% in the first 11 months of FY06 (Jul-May 2006). .But the local manufacturers have shown concern on increasing cost of businesses and if the government does not allow incentive package for the garments, it will be difficult to fulfill the increasing demand in the US market. India and China will take away its share. .Pakistan has now become the 5th largest textile exporter to US. It has 7th position in calendar year 2005. China, even after witnessing a decline of 2% in its textile export to US, has maintained its top position of being the largest textile exporter to US. Restriction imposed on import of China-made textile by US could be the reason for declining exports. .Following the end of global quota regime US put a 7.5% cap on annual rise of China-made textile import. India has also gained its market share significantly from 5.9% to 7.0% in January-April 2006 .Source: YarnsandFibers.com .
Date:7/13/2006
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