Sports goods’ exports drop 15pc in FY20

Pakistan's football exports fall from $160 million in FY19 to $144 million

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ISLAMABAD: The export of sports goods from the country witnessed a decrease of 14.97pc during the fiscal year 2019-20, as against the corresponding period of last year.

The country exported sports goods worth $262.370 million during FY20 as compared to the trade of $308.552 million during FY19, according to data released by the Pakistan Bureau of Statistics (PBS) reported.

During the period under review, the export of footballs decreased by 10.18pc, from $160.580 million last year to $144.235 million during the period under review, while the export of gloves declined by 26.47pc, from $96.56 million to $71.00 million.

In addition, the exports of all other sports goods went down from $51.412 million to $47.135 million, showing a decrease of 8.32pc.

Meanwhile, on a year-on-year basis, the export of sports products in June 2020 decreased by 20.30pc to $18.516 million when compared with the exports of $23.232 million in June 2019.

The export of footballs, gloves and all other sports products dipped by 12.60pc, 42.74pc and 11.60pc YoY, respectively.

On a month-on-month basis, however, the export of sports products increased by 34.24pc in June 2020 when compared with the exports of $13.793 million in May 2020.

The exports of footballs and other goods increased by 91.19pc and 24.33pc MoM, respectively, whereas the export of gloves decreased by 27.68pc MoM.

It is pertinent to mention that the country’s trade deficit witnessed a significant reduction during FY20, declining by 27.12pc as compared to the corresponding period of last year.

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