Exports of sports goods drop by 1.6% in 11 months

Pakistan exported sports goods worth US $241.270 million

ISLAMABAD: The exports of sports goods have witnessed a decrease of 1.06 percent during the first eleven months of the fiscal year (2020-21) as compared to the exports of the corresponding period.

Official figures compiled by Pakistan Bureau of Statistics (PBS) reveals that sports goods worth US $241.270 million were exported during July-May (2020-21) against the exports of $243.853 million during July-May (2019-20), showing a decline of 1.06%.

Among the sports goods, the exports of footballs decreased by 11.86% as it went down from $133.163 million last year to $117.372 million during this fiscal year, while the gloves exports also declined by 9.11 percent by going down to US $61.365 million.

However, the exports of all other sports goods witnessed an increase of 44.85 percent by growing from US $43.171 million to US $62.533 million. Meanwhile, year-on-year basis, the sports goods’ export rose by 41.80 percent in May 2021.

During the period under review, the footballs and gloves exports also increased by 55.22 and 0.19 percent respectively, in addition, the exports of all other sports products rose by 80.36 percent.

Meanwhile, on a month-on-month basis, the exports of sports goods however decreased by 33.84 percent during May 2021, as compared to the exports of $29.561 million in April 2021, the PBS data revealed.

On month-on-month basis, the exports of footballs and gloves decreased by 34.17 percent and 38.16 percent respectively while the exports of other sports commodities also dropped by 29.13 percent.