Top 10 Pakistan Exporters in FY 2023

Learn about the top 10 exporters of Pakistan in 2023. Discover some interesting facts and insights.

Pakistan’s economy, with its diverse industry base, depends significantly on its export market. The nation’s economic development and stability are intricately linked to the performance of its major exporters. A detailed analysis of the top exporters of Pakistan, spanning over three fiscal years from FY21 to FY23, provides insightful revelations about export trends, the exporters’ performance trajectories, and the overall health of Pakistan’s export sector.

In the spotlight of this analysis are five of Pakistan’s major exporting powerhouses: Style Textile, Interloop Ltd., Nishat Mills Ltd., Artistic Milliners, and Gul Ahmed Textiles. Each has a unique story to tell, and together they paint a vivid picture of the robustness and resilience of Pakistan’s export industry.

Exporter	FY23, US$M	FY22, US$M	FY21, US$M	Change over FY21	Change over FY22
Style Textile	522	612	429	22%	-15%
Interloop Ltd.	423	405	332	27%	4%
Nishat Mills Ltd.	381	409	307	24%	-7%
Artistic Milliners	330	401	330	0%	-18%
Gul Ahmed Textiles	302	304	284	6%	-1%
Soorty Enterprises Ltd.	285	342	268	6%	-17%
Yunus Textile Mills Ltd.	270	346	312	-13%	-22%
Liberty Mills Ltd.	235	252	216	9%	-7%
Feroze 1888 Mills Ltd.	224	265	273	-18%	-15%
US Apparel & Textiles Ltd.	220	237	197	12%	-7%

Style Textile is the largest exporter of Pakistan with a value of $522 million in FY23. It exports textile products such as garments, knitwear, home textiles, and accessories to various markets such as the US, the EU, Canada, Australia, and Japan. Style Textile has increased its export value by 22% over FY21, but decreased it by 15% over FY22. This indicates that Style Textile has faced some challenges in maintaining its growth momentum in the global market due to factors such the exchange rate fluctuations, the energy crisis, and the competition from other countries. However, Style Textile also has some strengths and opportunities that can help it overcome these challenges and grow in the future. Some of these are:

• The adoption of sustainable and ethical practices in its production and supply chain.
• The investment in innovation and technology to improve its product quality and efficiency.
• The diversification of its product portfolio and market coverage to cater to different customer segments and preferences.
• The collaboration with international brands and retailers to enhance its brand image and reputation.

Interloop Ltd. is the second largest exporter of Pakistan with a value of $423 million in FY23. It exports textile products such as socks, hosiery, denim, activewear, and knitwear to various markets such as the US, the EU, Canada, Australia, Japan, China, etc. Interloop Ltd. is the only exporter among the top 10 that has increased its export value in both FY22 and FY23, showing a consistent growth of 27% over FY21 and 4% over FY22. This indicates that Interloop Ltd. has performed well in the global market despite the challenges and uncertainties caused by the COVID-19 pandemic and other factors. Interloop Ltd. has achieved this growth by leveraging its strengths and opportunities such as:

• The focus on value-added products and services that offer higher margins and customer satisfaction.
• The expansion of its production capacity and facilities to meet the growing demand for its products.
• The development of its own brands and labels to create a loyal customer base and differentiate itself from its competitors.
• The participation in social and environmental initiatives to demonstrate its corporate social responsibility and sustainability.

Nishat Mills Ltd. is the third largest exporter of Pakistan with a value of $381 million in FY23. It exports textile products such as fabrics, garments, home textiles, accessories, towels, bed linen, curtains, quilts etc. to various markets such as the US, the EU, Canada, Australia etc… Nishat Mills Ltd. has increased its export value by 24% over FY21, but decreased it by 7% over FY22. This indicates that Nishat Mills Ltd. has faced some difficulties in sustaining its growth rate in the global market due to factors such as the COVID-19 pandemic, the exchange rate volatility, the energy shortage etc… However, Nishat Mills Ltd. also has some strengths and opportunities that can help it overcome these difficulties and grow in the future. Some of these are:

• The vertical integration of its operations from spinning to weaving to processing to stitching to retailing.
• The diversification of its business segments into power generation, hospitality, banking etc…
• The establishment of joint ventures and strategic alliances with international partners such as Levi’s, IKEA etc…
• The enhancement of its online presence and e-commerce platforms to reach new customers and markets.

Artistic Milliners is the fourth largest exporter of Pakistan with a value of $330 million in FY23. It exports textile products such as denim fabrics, garments etc. to various markets such as the US, the EU etc… Artistic Milliners has maintained its export value at $330 million from FY21 to FY23, showing no growth or decline over these years. This indicates that Artistic Milliners has been stable in the global market despite the challenges and changes caused by the COVID-19 pandemic and other factors. Artistic Milliners has achieved this stability by relying on its strengths and opportunities such as:

• The specialization in denim products that have a high demand and popularity in the international market.
• The adoption of circular economy principles and practices to reduce its environmental impact and waste generation.
• The innovation and creativity in its product design and development to offer unique and customized solutions to its customers.
• The recognition and awards for its excellence and leadership in the textile industry.

Gul Ahmed Textiles is the fifth largest exporter of Pakistan with a value of $302 million in FY23. It exports textile products such as fabrics, garments, home textiles etc. to various markets such as the US, the EU, Canada, Australia etc… Gul Ahmed Textiles has increased its export value by 6% over FY21, but decreased it by 1% over FY22. This indicates that Gul Ahmed Textiles has experienced a modest growth in the global market despite the challenges and uncertainties caused by the COVID-19 pandemic and other factors. Gul Ahmed Textiles has achieved this growth by utilizing its strengths and opportunities such as:

• The legacy and reputation of being one of the oldest and most established textile companies in Pakistan.
• The integration of its operations from spinning to weaving to processing to stitching to retailing.
• The expansion of its product portfolio and market coverage to cater to different customer segments and preferences.
• The promotion of its own brands and labels such as Ideas, Gul Ahmed, Signature etc. to create a loyal customer base and differentiate itself from its competitors.

Soorty Enterprises Ltd. is the sixth largest exporter of Pakistan with a value of $285 million in FY23. It exports textile products such as denim fabrics, garments etc. to various markets such as the US, the EU etc… Soorty Enterprises Ltd. has increased its export value by 6% over FY21, but decreased it by 17% over FY22. This indicates that Soorty Enterprises Ltd. has faced some challenges in maintaining its growth momentum in the global market due to factors such as the COVID-19 pandemic, the exchange rate fluctuations, the energy crisis etc… However, Soorty Enterprises Ltd. also has some strengths and opportunities that can help it overcome these challenges and grow in the future. Some of these are:

• The focus on sustainability and social responsibility in its production and supply chain.
• The investment in research and development to improve its product quality and efficiency.
• The collaboration with international brands and retailers such as Gap, Zara, H&M etc. to enhance its brand image and reputation.
• The exploration of new markets and regions such as Africa, Latin America etc. to increase its market share and diversify its risks.

Yunus Textile Mills Ltd. is the seventh largest exporter of Pakistan with a value of $270 million in FY23. It exports textile products such as home textiles, bed linen, curtains etc. to various markets such as the US, the EU etc… Yunus Textile Mills Ltd. has decreased its export value by 13% over FY21 and by 22% over FY22. This indicates that Yunus Textile Mills Ltd. has suffered a significant decline in the global market due to factors such as the COVID-19 pandemic, the exchange rate volatility, the energy shortage etc… However, Yunus Textile Mills Ltd. also has some strengths and opportunities that can help it recover from this decline and grow in the future. Some of these are:

• The expertise and experience in home textiles that have a high demand and profitability in the international market.
• The diversification of its product portfolio and market coverage to cater to different customer segments and preferences.
• The development of its own brands and labels such as YTM Home, YTM Living etc. to create a loyal customer base and differentiate itself from its competitors.
• The participation in trade fairs and exhibitions to showcase its products and services to potential customers and partners.

Liberty Mills Ltd. is the eighth largest exporter of Pakistan with a value of $235 million in FY23. It exports textile products such as fabrics, garments etc. to various markets such as the US, the EU etc… Liberty Mills Ltd. has increased its export value by 9% over FY21, but decreased it by 7% over FY22. This indicates that Liberty Mills Ltd. has faced some difficulties in sustaining its growth rate in the global market due to factors such as the COVID-19 pandemic, the exchange rate volatility, the energy shortage etc… However, Liberty Mills Ltd. also has some strengths and opportunities that can help it overcome these difficulties and grow in the future. Some of these are:

• The vertical integration of its operations from spinning to weaving to processing to stitching.
• The specialization in knitted fabrics and garments that have a high demand and popularity in the international market.
• The diversification of its product portfolio and market coverage to cater to different customer segments and preferences.
• The promotion of its own brands and labels such as Liberty, Libas, Libasco etc. to create a loyal customer base and differentiate itself from its competitors.

Feroze 1888 Mills Ltd. is the ninth largest exporter of Pakistan with a value of $224 million in FY23. It exports textile products such as towels, bathrobes, bed sheets etc. to various markets such as the US, the EU, Canada, Australia etc… Feroze 1888 Mills Ltd. has decreased its export value by 18% over FY21 and by 15% over FY22. This indicates that Feroze 1888 Mills Ltd. has suffered a significant decline in the global market due to factors such as the COVID-19 pandemic, the exchange rate volatility, the energy shortage etc… However, Feroze 1888 Mills Ltd. also has some strengths and opportunities that can help it recover from this decline and grow in the future. Some of these are:

• The expertise and experience in towel products that have a high demand and profitability in the international market.
• The certification and accreditation from various international standards and organizations such as ISO, Oeko-Tex, BSCI etc…
• The innovation and creativity in its product design and development to offer unique and customized solutions to its customers.
• The diversification of its business segments into power generation, real estate, education etc…

US Apparel & Textiles Ltd. is the tenth largest exporter of Pakistan with a value of $220 million in FY23. It exports textile products such as garments, knitwear etc. to various markets such as the US, the EU etc… US Apparel & Textiles Ltd. has increased its export value by 12% over FY21, but decreased it by 7% over FY22. This indicates that US Apparel & Textiles Ltd. has faced some challenges in maintaining its growth momentum in the global market due to factors such as the COVID-19 pandemic, the exchange rate fluctuations, the energy crisis etc… However, US Apparel & Textiles Ltd. also has some strengths and opportunities that can help it overcome these challenges and grow in the future. Some of these are:

• The focus on quality and compliance in its production and supply chain.
• The investment in modern machinery and equipment to improve its product quality and efficiency.
• The collaboration with international brands and retailers such as Nike, Adidas, Gap etc. to enhance its brand image and reputation.
• The exploration of new markets and regions such as Africa, Latin America etc. to increase its market share and diversify its risks.