LAHORE: During the first eight months (July to February) of the fiscal year 2022-23, the country’s export of sports goods witnessed an increase of 18.28 percent as compared to the export of corresponding months of last year.
During this period, sports goods worth US 270.158 million dollars were exported as against the export of $ 228.400 million during the same period of last fiscal year.
Among the sports products, the exports of footballs rose by 35.70 percent, surging from $ 114.521 million last year to $ 155.400 million during the current year.
The gloves exports, however, dropped by 6.28 percent by going down from $ 50.615 million last year to $ 47.435 million during the current year. The exports of all other sports goods increased by 6.42 percent to $ 67.322 million from $ 63.263 million last year, sources said.
Moreover, on a year-on-year basis, the sports goods export witnessed a decrease of 20.19 percent in February 2023 as opposed to the export of the same month of last year.
The sports goods exports in February 2023 were recorded at $ 28.352 million against exports of $ 35.526 million in February 2022. During the period under review, the export of footballs and gloves decreased by 23.30 and 33.86 percent respectively, whereas the exports of all other sports products also witnessed a nominal decline of 2.08 percent.
On a month-on-month basis, the exports of footballs and gloves decreased by 11.080 and 31.12 percent respectively, in addition to the drop in the exports of other sports commodities by 13.10 percent.
Copyright Business Recorder, 2023
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