Export of sports goods increases 11% in November, 0.17% in 5 months


ISLAMABAD, Jan 17 : Exports of sports good from the country witnessed slight increase of 0.17 percent during the first five months of the current fiscal year as against the same period of last year.

However, on year-on-year basis, the exports of sports good increased by 10.93 percent during November 2012 as compared to the same month of last year, Pakistan Bureau of Statistics (PBS) reported.

Exports of sports good were recorded at $124.277 million during July-November (2012-13) against the exports of $124.070 during July-November (2011-12), according to PBS data.

Among the products that contributed towards positive growth included gloves, exports of which increased by 29.47 percent. The exports of gloves increased from $40.394 million during the first five months of last fiscal year to $52.297 million during the current year, the data revealed.

However, the exports of footballs decreased from $56.305 million last year to $52.804 million during the current year, showing negative growth of 6.22 percent. Exports of all other sports goods decreased by 29.94 percent by going down from $27.371 million last year to $19.176 million this year. On year-on-year basis, the overall exports of sports goods in November 2012 increased by 10.93 percent by going up from $19.739 million during November 2011 to $21.897 million during the month under review.

However, as compared to the exports of $26.388 million during October 2012, the sports good exports in November 2012 decreased by 17.02 percent, the PBS data revealed. As compared to November 2011 and October 2012, the exports of footballs increased by 21.56 percent but decreased by 8.36 percent respectively. The exports of footballs in November stood at $9.438 million against the exports of $7.764 in November 2011 and $10.299 million in October 2012. The exports of gloves in November 2012 increased 19.99 percent when compared to the exports of November 2011 but decreased by 29.85 percent when compared to the exports of October 2012.

The exports of gloves in November were recorded at $9.042 million against the exports of $7.716 million in November 2011 and $12.890 million in October 2012. Meanwhile, exports of all other sports good in November decreased by 19.77 percent as compared to November 2011 but increased by 6.81 percent when compared to October 2012.

The exports of other sports good during November 2011 stood at $3.417 million against the exports of $4.259 million in November 2011 and $3.199 million in October 2012, the data revealed. It is pertinent to mention here that in a positive development, the country’s trade deficit decreased by 14 percent during the first half of the current fiscal year as exports expanded by 7.58 percent and imports witnessed negative growth of 3.33 percent.

The overall exports from the country increased from $11.202 billion in July-December 2011-12 to US$12.051 billion during July-December (2012-13). On the other hand, the imports decreased from $22.678 billion last year to $21.922 billion during the current fiscal year, showing negative growth of 3.33 percent, the data revealed. According to the data, the trade deficit during the fist six months of current fiscal stood at $9.871 billion against the deficit of $11.476 billion, showing negative growth of 13.99 percent.