The export of sports goods from the country witnessed an increase of 18.3 percent during the eight months of FY23 as compared to the export of corresponding months last year. The country exported sports goods worth US$ 270.2 million during July-February FY23 as opposed to the export of US$ 228.4 million during July-February FY22, showing growth of 18.3 percent, according to the data released by the Pakistan Bureau of Statistics (PBS). Among the sports products, the exports of footballs rose by 35.7 percent, surging from US$ 114.5 million last year to US$ 155.4 million during the current year. The gloves exports, however, dropped by 6.3 percent by going down from US$ 50.6 million last year to US$ 47.4 million during the current year, the PBS data revealed. Likewise, the exports of all other sports goods increased by 6.4 percent to US$ 67.3 million from US$ 63.3 million last year.
Meanwhile, on a year-on-year basis, the sports goods export witnessed a decrease of 20.19 percent in February 2023 as opposed to the export of the same month of last year. The sports goods exports in February 2023 were recorded at US$ 28.3 million against exports of US$ 35.5 million in February 2022. During the period under review, the export of footballs and gloves decreased by 23.3 and 33.9 percent respectively, whereas the exports of all other sports products also witnessed a nominal decline of 2.1 percent. Meanwhile, on a month-on-month basis, the exports of sports goods decreased by 15.1 percent during February 2023, in contrast to the exports of US$ 33.4 million in January 2023, the PBS data revealed. On a month-on-month basis, the exports of footballs and gloves decreased by 11.1 and 31.1 percent respectively, in addition to the drop in the exports of other sports commodities by 13.1 percent.
Source: IBP