Sports Goods' Export Surge 20.73% In 4 Months
Fahad Shabbir (@FahadShabbir) Published November 28, 2021 | 12:50 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 28th Nov, 2021 ) :The exports of sports goods witnessed an increase of 20.73 percent during the first four months of current financial year (2021-22) as compared to the exports of corresponding period of last year.
Pakistan exported sport goods worth $105.120 million during July-October (2021-22) against the exports of $87.070 million during July-October (2020-21), showing growth of 20.73 percent, according to the Pakistan Bureau of Statistics (PBS).
Among the sports products, the exports of footballs increased by 17.22 percent as these surge from $42.780 million last year to $50.148 million during the current year.
The gloves' exports rose by 6 percent by going up from $23.163 million last year to $24.552 million during the current year, the PBS data revealed.
Likewise, the exports of all other sports goods increased by 43.99 percent from $21.127 million last year to $30.420 million during the current year.
Meanwhile, year-on-year basis the sports goods' export witnessed an increase of 33.55 percent in October 2021 as compared with the export of the same month of last year. The sport goods exports in October 2021 were recorded at $27.
228 million against exports of $20.388 million in October 2020.
During the period under review, the exports of footballs, gloves and other sports products increased by 25.45 percent, 18.92 percent and 69.58 percent respectively.
However, on month-on-month basis, the exports of sports goods decreased by 1.78 percent during October 2021, as compared to the exports of $27.335 million in September 2021, the PBS data revealed.
On month-on-month basis, the exports of gloves and other sports commodities increased by 9.27 percent and 7.47 percent respectively while the exports of footballs declined by 6.45 percent.
It is pertinent to mention here that the country's total merchandise exports surged by 24.94 during the first four month of the current fiscal year compared to the corresponding period of last year.
The exports during July-October (2021-22) were recorded at $9.462 billion against the exports of $7.573 billion during July-October (2020-21). On the other hand, the imports into the country also surged by 65.40 percent by growing from $15.176 billion last year to $25.101 billion during the current fiscal year, the PBS data added.
/778/
Recent Stories
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
DC chairs review meeting of DEG
Turkey accuses Israel's Netanyahu of using war 'to stay in power'
Pakistan ranked 5th most vulnerable country to climate change. Tirmizi
Nadal comeback ends in Barcelona Open second round
More Stories From Business
-
Minister appreciate UAE’s support for Pakistan economic challenges
21 minutes ago -
MIGA's support Pakistan in attracting foreign investments: Federal Minister for Finance, Muhammad Au ..
21 minutes ago -
International financial partners to invest $1.8 bln in KP: Advisor
1 hour ago -
Uzbek envoy invites FPCCI leadership to attend Tashkent Int'l Investment forum
2 hours ago -
Women development imperative for sustainable economic prosperity: Lansana Wonneh
2 hours ago -
Finance Minister, highlights geo-economic fragmentation, its impact on Pakistan
2 hours ago
-
High Tobacco tax prevails over propaganda, reduces cigarette consumption
4 hours ago -
SECP grants registration to first digital insurer
4 hours ago -
European stock markets rebound after heavy losses
4 hours ago -
SECP files complaint against two individuals on violation of trading
4 hours ago -
Govt prioritize to peruse economic reform agenda for sustainable economic development: Minister
4 hours ago -
IMF says global debt levels face 'Great Election Year' risk
5 hours ago