Sports goods exports increased by 20.73 percent during the first four months of the current fiscal year (2021-22) when compared to the corresponding period last year.
According to the Pakistan Bureau of Statistics, Pakistan exported sports goods worth $105.120 million from July to October (2021-22) compared to $87.070 million from July to October (2020-21), representing a 20.73 percent increase (PBS).
Football exports increased by 17.22 percent, rising from $42.780 million last year to $50.148 million this year, according to data from the International Football Association.
The exports of gloves increased by 6%, from $23.163 million last year to $24.552 million this year, according to PBS data.
Similarly, total sports goods exports increased by 43.99 percent from $21.127 million last year to $30.420 million this year.
Meanwhile, sports goods exports increased by 33.55 percent year on year in October 2021 when compared to the same month the previous year. Sport goods exports in October 2021 totaled $27.228 million, up from $20.388 million in October 2020.
Football, glove, and other sports product exports increased by 25.45 percent, 18.92 percent, and 69.58 percent, respectively, during the period under review.
However, sports goods exports fell 1.78 percent month on month in October 2021, compared to $27.335 million in September 2021, according to PBS data.
Exports of gloves and other sports commodities increased by 9.27 percent and 7.47 percent, respectively, while exports of footballs decreased by 6.45 percent.
It is worth noting that the country’s total merchandise exports increased by 24.94 percent during the first four months of the current fiscal year compared to the same period last year.
The exports during July-October (2021-22) were $9.462 billion, compared to $7.573 billion during the same period last year (2020-21). Imports into the country, on the other hand, increased by 65.40 percent, rising from $15.176 billion last year to $25.101 billion this fiscal year, according to PBS data.