Exports of sports goods increase 5.39pc to $79.469mn

ISLAMABAD: The exports of various sports goods increased by 5.39 percent during the first quarter of the current fiscal year as against the same period of last year.

The overall sports goods’ exports during July-September (2011-12) stood at $79.469 million against the exports of $75.407 million during July -September (2010-11), Federal Bureau of Statistics reported.

Among the sports products, the exports of footballs surged by16.38 percent by increasing from $31.931 million in July-September (2010-11) to $37.161 million during the same period of current fiscal year.

The exports of gloves increased from $28.977 million last year to $.32.358 million this year, showing an increase of 11.67 percent, according to FBS provisional figures.

However, the exports of other sports good witnessed negative growth of 31.37 percent by falling from $14.499 million in 2010-11to $.0.862 million in 2011-12.

On the other hand, the exports of sports goods increased by0.88 percent during September 2011 as compared to the exports of the same month of last year.

The exports of sports goods were recorded at $23.024 million in September 2011 against the exports of $22.824 million in September 2010.

As compared to the exports of $27.765 million in August 2011, the exports in September 2011 decreased by 17.08, the FBS figures revealed.

Among the sports products, the exports of football during September 2011 increased by 17.44 percent as against September 2011and the exports of gloves increased by 8.59 percent while the exports of other sports goods decreased by 44.20 percent.

On the other hand, as compared to August 2011, the exports of footballs decreased by 16.54 percent in September 2011, gloves by14.71 percent while the exports of other sports products witnessed negative growth of 26.12 percent, the FBS reported.

It is pertinent to mention here that Exports during July-September, 2010 totalled $ 6,003 million as against $ 5,058 million during the corresponding period of last year, showing an increase of18.68%.

Imports during July -September, 2011 totalled Rs.963,841 million (provisional) as against Rs.773,076 million during the corresponding period of last year showing an increase of 24.68%.

Based on the provisional figures of imports and exports, the trade deficit during the first quarter of the current year stood at 5,114 million against the deficit of 3,971 million in same period of last year, showing increase of 28.78 percent in deficit.

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