Islamabad -  The exports of sports products from the country witnessed increase of 14.57 percent during the first five months of the current fiscal year compared to the corresponding period of last year.

The overall exports of sports goods were recorded at $136.166 million during July-November (2014-15) compared to the exports of $118.853 million duirng July-November (2013-14), according to the data of Pakistan Bureau of Statistics (PBS).

The sports products that contributed in promoting country’s  trade positively included footballs, exports of which witnessed increase of  12.36 percent. The PBS data shows that the football exports duirng the five months under review were recorded at $64.217 million compared to the exports of $57.154 million duirng the same period of last year. The exports of gloves also increased 34.15 percent by going up from $36.540 million last year to $49.018 million during the current year.

However, exports of all other sports products witnessed negative growth of 8.86 percent by falling from $25.159 million to $22.931 million, the data revealed.

Meanwhile, on year-on-year basis, the exports of sports products increased by 29.84 percent in November 2014 to $25.004 million compared to the exports of $19.257 million in November 2013. During the month of November the exports of footballs increased by 26.45 percent from $9.619 million during November 2013 to $12.163 while the exports of gloves increased by 26.48 percent from $7.480 million to $9.461 million.

The exports of all other sports products also increased by 56.63 percent by going up from $2.158 million in November 2013 to $3.380 million in November 2014, the PBS data revealed.

On month-on-month basis, the exports of sports products increased by

1.67 percent in November 2013 compared to the exports of $24.593 million in October 2014.

During November the exports of footballs increased by 3.12 percent compared to the exports of October. However the exports of gloves decreased by 0.30 percent while the exports of all other sports products increased by 2.15 percent.

It is pertinent to mention here that the overall exports from the country decreased by 4.19 percent during first five months of current financial year as during the period from July-November exports were recorded at US$ 9.92 billion compared to US$ 10.356 billion during the same period of last year.

Imports into the country stood at US$ 20.373 billion as compared to the imports of US$ 18.110 billion last financial year.

Based on the figures, the over all trade deficit during first five months of current financial year increased by 34.78 percent when compared to the deficit of first five months of last financial year.