Friday, 04 October 2013 18:09
ISLAMABAD: Exports of sports goods increased by 1.7 percent during the first two months of the current fiscal year against the same months of last year.
The overall exports of sports good were recorded at $53.355 million in July-August (2013-14) against the exports of $52.465 million in July-August (2012-13), according to the data of Pakistan Bureau of Statistics (PBS).
The sports goods that contributed positively in trade included gloves, exports of which increased by 27.93 percent by going up from $18.839 million last year to $24.100 million during the ongoing year.
The exports of footballs duirng the period under review, however, decreased by 3.53 percent by falling from $22.914 million to $22.106 million, the PBS data revealed.
The exports of other sports products decreased by 33.26 percent by going down to $7.149 to $10.712 million.
Meanwhile, on year-on-year basis, the exports of sports goods decresed by 4.31 percent to reach at $25.288 million in August 2013 as compared to the exports of $26.428 million in August 2012.
On the other hand, on month-on-month basis, the exports of sports good in August 2013 witnessed negative growth of 9.9 percent as compared to the exports of $28.067 million during July 2013.
In August 2013, the exports of foot balls decreased by 10.77 percent and 15.68 percent when compared to the exports of August 2012 and July 2013 respectively.
The exports of gloves in August 2013 increased by 6.24 percent when compared to the exports of August 2012 but decreased by 6.60 percent when compared to the exports of July 2013.
Similarly, the exports of other sports products decreased by 14.57 percent and 2.13 percent in August 2013 when compared to August 2012 and July 2013 respectively.
It is pertinent to mention here that Pakistan's trade deficit narrowed by 3.07 percent during the first two months of the current fiscal year as exports expanded by 3.66 while imports witnessing nominal increase of 0.54 percent as compared to the same period of last year.
On year-on-year basis, the trade deficit decreased by 11.45 percent in August 2013 when compared to the deficit of the same month of last year.
According to break figures, the exports from the country during July-August (2013-14) were recorded at $4.091 billion against the exports of $3.946 billion recorded during July-August 2012-13).
On the other hand, the imports into the country during the first two months of the current fiscal year were recorded at $7.386 billion against the imports of $7.346 during the corresponding months of last year, showing nominal growth of 0.54 percent.
Based on the figures, the trade deficit during July-August (2013-14)
was recorded at $3.295 billion against the deficit of $3.400 billion in July-August (2012-13), showing negative growth of 3.07 percent. Copyright APP (Associated Press of Pakistan), 2013