The exports of sports goods witnessed a decrease of 5.85 percent during the first month of the current fiscal year against the exports during same month last year, Pakistan Bureau of Statistics (PBS) reported.
The country exported sports goods worth $21.898 million (during July 2018) against the trade of $23.258 million (during July 2017), showing a decrease of 5.85 percent, the PBS data revealed.
The major contributor in negative growth of sports goods was the trade of gloves, which declined by 20.34 percent. The country exported gloves of $6.699 million during July 2018 against the exports of $8.410 million in July 2017, according to PBS data.
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However, the exports of footballs during the month under review increased by 5.59 percent, growing from $11.005 million during July 2017 to $11.620 in July 2018.
The exports of all other sports products collectively decreased by 6.87 percent. These were recorded at $3.579 million in July 2018 as compared to the exports of $3.843 million in July 2017.
Meanwhile, on a month-on-month basis, the exports of sports products witnessed a negative growth of 25.20 percent in July 2018 when compared to the exports of $29.275 million in June 2018.
Similarly, the exports of footballs witnessed a negative growth of 16.36 percent in July 2018 when compared to the export of $13.893 million in June 2018 while the exports of gloves decreased by 34.01 percent during the month under review compared to the exports of $10.151 million in June 2018.
It is pertinent to mention here that the overall merchandise exported from the country witnessed an increase of 1.17 percent during the first month of the current fiscal year against the same month of last year.
The exports from the country during July 2018 stood at $1.646 billion against the exports of $1.627 billion in July 2017, showing a growth of 1.17 percent.
The imports into the country during the month under review witnessed an increase of 0.6 percent by growing from $4.809 billion last July to $4.838 billion.
Based on the figures, the trade deficit during the first month of the current year increased by 0.31 percent, growing from a deficit of $3.182 billion last July to a deficit of $3.192 billion during July 2018.
Meanwhile, on a month-on-month basis, the exports from the country decreased by 12.77 percent during the month of July.
Similarly, the imports into the country decreased by 15.03 percent in June 2018 when compared to the imports of $5.694 billion in April 2018.
