Pakistan's Sports goods exports witness positive growth

alimohsan52

Chief Minister (5k+ posts)
Source of the News: http://www.brecorder.com/pakistan/b...7-sports-exports-witness-positive-growth.html

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ISLAMABAD: Exports of sports goods witnessed positive growth of 0.31 percent during the first seven months of the current fiscal year and 3.57 percent in January 2013.Exports of sports goods were recorded at $177.055 million in July-January (2012-13) against the exports of $176.505 million registered in July-January (2011-12), according to the data of Pakistan Bureau of Statistics (PBS).

Among the sports goods, the highest increase of 25.06 was witnessed in the trade of gloves, exports of which increased from $57.796 million last year to $72.280 million during the current year.

However, the exports of footballs decreased by 2.81 percent during the period under review by going down from $79.206 million to $76.679 million.

The exports of other sports goods also decreased from $39.503 million in 2011-12 to US$ 27.796 million in 2012-13, showing negative growth of 29.64 percent, the PBS data revealed.

Meanwhile, on year-on-year basis, the export of sports goods witnessed increase of 3.57 percent during January 2013 when compared to the same month of last year.

The sports goods exports during January 2013 stood at $27.382 million against the exports of $26.437 million during January 2012.

During the month under, the exports of gloves increased by 28.79 percent while the exports of football and other sports good decreased by 38.69 percentand 12.66 percent respectively as compared to the same month of last year.

On month-on-month basis, the exports of sports goods increased by 7.09 percent January 2013 as compared to the exports of $25.569 million in December 2012, the data said.

During the month, the exports of gloves increased by 4.52 percent while exports of footballs and other sports goods decreased by 15.22 percent and 14.01 percent respectively.

It is pertinent to mention here that the country's trade deficit decreased by 12.05 percent during the first seven months of the current fiscal year as exports expanded by 7.24 percent and imports witnessed negative growth of 2.44 percent.

The overall exports from the country increased from $13.118 billion in July-December 2011-12 to US$14.068 billion during July-December (2012-13).

On the other hand, the imports decreased from $26.327 billion last year to $25.685 billion during the current fiscal year, showing negative growth of 2.44 percent, the data revealed.

According to the data, the trade deficit during the fist seven months of current fiscal stood at $11.617 billion against the deficit of $13.209 billion last year, showing negative growth of 12.05 percent.
 

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