Sports goods export increases by 9pc in 4 months

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The exports of sports products from the country witnessed an increase of 8.81 percent during the first four months of current fiscal year as compared to the corresponding period of last year.

The overall exports of sports goods were recorded at $108.366 million during July-October (2014-15) against $99.596 million duirng July-October (2013-14), according to the data of Pakistan Bureau of Statistics (PBS).

The sports products that contribute in promoting the country’s trade positively included footballs exports of which witnessed an increase of 10.34 percent.

The PBS data showed that the football exports during the four months under review were recorded at $52.451 million against $47.534 million during the same period of last year.

The exports of gloves also increased by 33.36 percent by going up from $29.061 million last year to $38.756 million during the current year. However, exports of all other sports products witnessed negative growth of 25.40 percent by falling from $23.001 million to $17.159 million, the data revealed.

Meanwhile, on year-on-year basis, the exports of sports products increased by 36.09 percent in October 2014 to $24.593 million as compared to the exports of $18.071 million in October 2013.

During the month of October, the exports of footballs increased by 638 percent while the exports of gloves decreased by 28.56 percent and other sports products by 2.71 compared to October 2013. On month-on-month basis, the exports of sports products, however, decreased by 1.95 percent by going down from $25.083 million in September 2014 to $24.593 million in October, according to the data.