Pakistan exports sports goods worth $332.5 million during FY-18: PBS

Pakistan exported sports goods worth $332.516 million during July-June (2017-18) against the trade of $308.361 million during July-June (2016-17), showing growth of 7.83 percent, the PBS data revealed.

Among the sports products, the exports of footballs increased by 9.38 percent by going up from $152.565 million last year to $166.881 million during the fiscal year under review.

The exports of gloves increased from $107.918 million to $111.740 million, showing growth of 3.54 percent while the exports of all other sports products went up from $47.878 million to $53.895 million, witnessing increase of 12.57 percent.

Meanwhile, on year-on-year basis, the exports of sports products during June 2018 increased by 3.89 percent to $29.275 million when compare to the exports of $28.180 million during June 2017.

On year-on-year basis, the exports of footballs decreased by 2.59 percent while the exports of gloves and other sports products increased by 11.44 percent and 8.78 percent respectively.

On month-on-month basis, the exports of sports products increased by 4.89 percent in June when compared to the exports of $27.909 million in May 2018, the data revealed.

During the month under review, the exports of footballs decreased by 11.14 percent while the exports of gloves and other sports products went up by 33.62 percent and 11.85 percent respectively.

It is pertinent to mention here that the overall merchandise imports into the country during the fiscal year 2017-18 increased by 15.10 percent by going up from $52.910 billion in FY 2016-17 to $60.898 billion.

On the other hand, the exports from the country surged by 13.74 percent from $20.422 billion to $23.228 billion.

Based on the figures, the external trade deficit during the outgoing fiscal year 2017-18 increased by 15.95 compared to last year.

The trade deficit during FY 2017-18 was recorded at $ 37.670 billion against the deficit of $32.488 billion in FY 2016-17.

(APP)