The exports of sports goods witnessed positive growth of 9.5 per cent during the first month of the current fiscal year as compared to the same month of last year.
According to the data of Pakistan Bureau of Statistics (PBS), the exports of sports goods were recorded at $32.953 million in July 2014 compared to the exports of $30.095 million in July 2013 showing increase of 9.50 per cent.
On month-on-month basis, the exports of sports goods, however, witnessed decrease of 2.70 per cent in July 2014 when compared to the exports of $33.869 million in June 2014, the data revealed.
Among the sports products, major increase in trade was witnessed in footballs, exports of which increased by 46.17 per cent. The exports of footballs stood at $17.526 million in July 2014 compared to the exports of $11.990 million in July 2013.
However, on month-on-month basis, the exports of footballs decreased by 7.62 per cent in July 2014 when compared to the exports of $18.971 million in June 2014.
Similarly, the exports of gloves increased by 5.92 per cent by going up from $10.546 million in July 2013 to $11.170 million in July 2014.
On month-on-month basis, the exports increased by 5.76 per cent in July 2014 when compared to the exports of $10.562 in June 2014. The exports of all other sports goods, however, decreased by 43.68 per cent by going down from $7.559 in July 2013 to $4.257 in July 2014.
On month-on-month basis, the exports of all other sports goods decreased by 1.82 in July 2014 per cent when compared to the exports $7.559 million in June 2014, the PBS data revealed.
It is pertinent to mention here that the country’s trade deficit narrowed by 16.58 per cent during the first month of the ongoing fiscal year (2014-15) compared to the same month of last year, mainly owing to decline in imports into the country. The imports into the country decreased by 11.80 per cent in July 2014 compared to the imports of July 2013.
The imports into the country were recorded at $3.364 billion in July 2014 compared to the imports of $3.814 billion in July 2013, the PBS data revealed. Exports from the country, however, also decreased by 7.88 per cent by going down from $2.095 billion in July 2013 to $1.930 billion in July 2014.
Based on the figures, the overall trade deficit in July 2014 was recorded at $1.434 billion compared to the deficit of $1.719 showing a deficit of 16.58 per cent.