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The cotton and textile industries play a dominant role in exports; [14] cotton accounts for 55 percent of the country's export earnings, and Pakistan has a 14% share of the world's cloth exports. [2] The European Union (EU) granted Generalized System of Preferences "Plus" status to Pakistan in 2013, which has promoted textile exports to the EU.
Cotton is the largest segment of textile production. Other fibers produced include synthetic fiber, filament yarn, art silk, wool, and jute. [8] Cotton: Cotton spinning is perhaps the most important segment in the Pakistan textile industry with 521 units installed and operational. [8]
Cotton textile production is the single most important industry, accounting for about 19 percent of large-scale industrial employment. Cotton yarn, cotton cloth, made-up textiles, ready-made garments, and knitwear collectively accounted for nearly 60 percent of Pakistan's exports in 1999-2000.
Pakistan has also cut the use of dangerous pesticides dramatically. [13] Pakistan is a net food exporter, except in occasional years, when its harvest is adversely affected by droughts. Pakistan exports rice, cotton, fish, fruits (especially Oranges and Mangoes), and vegetables and imports vegetable oil, wheat, pulses and consumer foods.
The following is a list of countries by raw cotton exports. Data is for 2022, in millions of United States dollars, as reported by The International Trade Centre. Currently the top fifteen countries are listed. #
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The industry's contribution in the nation's exports account for 8.5% of the total GDP. Textile exports stood at $4.4 billion in 2017–18. The industry employs a large section of the labour force in the country. Pakistan is the 4th largest producer of cotton with the third largest spinning capacity in Asia.
Mian Muhammad Mansha, a business tycoon and one of the richest man in Pakistan, [4] is the most famous personality in this industry. Pakistan is the 5th largest producer of cotton in the world and the 8th largest exporter of textile products in Asia. [5] [6]