Sports goods exports surged by 6.44 percent in July

LAHORE: Pakistan exported sports goods worth US $ 26.169 million during July 2020 against the exports of US $ 24.585 million during same period in corresponding year showing increase of 6.44 percent.

As per data, the sports product that contributed in positive growth in trade included gloves, the exports of which increased from US $ 7.075 million in last July to US $ 7.118 million in July 2020, a 0.61 percent decrease.

However, the exports of footballs decreased by 9.12 percent in July by going down from US $ 13.797 million in July 2019 to US $ 12.539 million in July 2020.

The exports of all other sports goods grew by 75.38 percent, from US $ 3.713 million last July to US $ 6.512 million in July 2020.

On the other hand, the country's trade deficit witnessed reduction of 10.24 percent during the first month of current fiscal year July (2020-21) as compared to the deficit of the corresponding month of last year. The country's deficit during July 2020 stood at US $ 1.640 billion against the deficit of US $ 1.827 billion during July 2019.

Copyright Business Recorder, 2020