Sports goods’ export surge 20.73% in 4 months

APP News Agency

25th Nov, 2021. 03:32 pm
Sports

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ISLAMABAD: The exports of sports goods witnessed an increase of 20.73 percent during the first four months of the current financial year (2021-22) as compared to the exports of the corresponding period of last year.

Pakistan exported sports goods worth $105.120 million during July-October (2021-22) against the exports of $87.070 million during July-October (2020-21), showing a growth of 20.73 percent, according to the Pakistan Bureau of Statistics (PBS).

Among the sports products, the exports of footballs increased by 17.22 percent as these surged from $42.780 million last year to $50.148 million during the current year.

The gloves’ exports rose by 6 percent by going up from $23.163 million last year to $24.552 million during the current year, the PBS data revealed.

Likewise, the exports of all other sports goods increased by 43.99 percent from $21.127 million last year to $30.420 million during the current year.

Meanwhile, year-on-year basis the sports goods’ export witnessed an increase of 33.55 percent in October 2021 as compared with the export of the same month of last year. The sport goods exports in October 2021 were recorded at $27.228 million against exports of $20.388 million in October 2020.

During the period under review, the exports of footballs, gloves and other sports products increased by 25.45 percent, 18.92 percent and 69.58 percent respectively.

However, on a month-on-month basis, the exports of sports goods decreased by 1.78 percent during October 2021, as compared to the exports of $27.335 million in September 2021, the PBS data revealed.

On a month-on-month basis, the exports of gloves and other sports commodities increased by 9.27 percent and 7.47 percent respectively while the exports of footballs declined by 6.45 percent.

It is pertinent to mention here that the country’s total merchandise exports surged by 24.94 during the first four-month of the current fiscal year compared to the corresponding period of last year.

The exports during July-October (2021-22) were recorded at $9.462 billion against the exports of $7.573 billion during July-October (2020-21). On the other hand, the imports into the country also surged by 65.40 percent by growing from $15.176 billion last year to $25.101 billion during the current fiscal year, the PBS data added.