During the first five months of the current financial year (2022-23), the country exported 29.36 percent more sports goods than it did during the same time period last year.
According to the Pakistan Bureau of Statistics, the country exported sports goods worth $174.034 million from July to November (2022–23). This is up 29.36 percent from July to November 2021–22, when the country only exported $135.034 million worth of sports goods (PBS).
Footballs are one of the sports products whose exports went up by 60.16 percent, from $63.671 million last year to $101.976 million this year.
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The gloves’ exports, on the other hand, went down by 2.73 percent, from US $31.724 million last year to US $30.857 million this year, according to PBS data.
In the same way, exports of all other sports goods went up by 5.56 percent, from US$39.639 million to $41.843 million.
In November 2022, exports of sports goods were up 18.85% compared to the same month last year.
In November 2022, $35.458 million worth of sports goods were sent abroad, up from $29.835 million in November 2021.
During the time period we looked at, exports of footballs went up by 52.52 percent, but exports of gloves and all other sports products went down by 14.52 percent and 4.74 percent, respectively.
PBS data showed that month-to-month, exports of sports goods fell by 4.19 percent in November 2022 compared to October 2022, when $37.007 million worth of sports goods were shipped abroad.
When compared to the previous month, exports of footballs and gloves fell by 7.22 percent and 9.04 percent, respectively. Exports of other sports goods, on the other hand, went up by 8.27 percent.
The merchandise trade deficit fell by 30.14 percent in the first five months of the current fiscal year, from $ 20,621 million last year to $14,406 million this year.
According to data from PBS, exports from July to November 2022 were $11,932 million, which is 3.48 percent less than exports from July to November 2021–22, which were $12,362 million.
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Imports, on the other hand, fell by 20.15 percent over the same period, from $ 32,983 million last year to $ 26,338 million this year.
