The textile sector must export goods worth $1 billion each month in the current year to achieve the export target of $12.2 billion, said in report of Berger's Technology Report.

The report says, Pakistan's poor performance in promoting textile products during the current financial year brought down the share of textiles in total exports to 61%, which used to be over 65%. It was due to factors such as high gas prices, which add around 2% to production cost of textile products; the increasing prices of raw cotton; and political turmoil after the assassination of Benazir Bhutto, resulted in export shipments decline.

However, according to the current situation, it appears that the target cannot be achieved and this would be the second consecutive year for the sector to miss its export target. In addition to Pakistan the Berger report also reported on a number of countries, including China. About China it said its GDP expanded 11.4% in 2007. It was the fastest rate of growth in 14 years. During the last five years, the GDP there grew by more than 10%.

Cloth exports of China reached $9.6 billion in December for 2007; the export figure grew 20.9% to 115 billion. The US and Japan remained the two top export destinations.

Exports to the US went up 19.5% to $24.6 billion while that to Japan grew 3% to $18.7 billion. Exports to EU dropped 0.5% to $26.5 billion; exports to Russia increased 105% while South East Asia was up 50% and the Middle East up by 47%.