ISLAMABAD - Exports of sports goods witnessed negative growth of 1.55 per cent during the first three quarters of the current fiscal year against the same period of last year. The overall exports of sports goods from the country during July-March (2012-13) stood at $ 232.773 million against the exports of $ 236.434 million during July-March (2011-12), according to the data of PBS. The products that contributed in negative growth included footballs, exports of which decreased from $108.089 last year to $102.576 during the current year, showing decline of 5.10 percent.

However, the exports of gloves surged by 18.56 percent by going up from $75.984 last year to $90.083 during current year, the PBS data revealed.

The exports of other sports products during the period under review stood at $40.114 million against $52.361 million last year, showing decrease of 23.39 percent.

On year-on-year basis, the exports of sports goods increased by 21.72 percent in March 2013 against the exports of March 2012.

However, on month-on-month basis, the sports goods in March 2013 decreased by 8.14 percent when compared with exports of February 2013.

The exports of sports goods in March 2013 stood at $28.625 million against the exports of 23.517 million in March 2012 and $31.161 in February 2013.

The exports of footballs in March 2013 increased by 7.09 percent and 32.53 percent when compared to the exports of March 2012 and February 2013 respectively.

Similarly, exports of gloves increased by 0.44 percent and 9.49 percent in March 2013 against the exports of March 2012 and February 2013 respectively.

However, the exports of all other sports goods in March 2013 decreased by 53.71 percent against March 2012 and increased by 18.71 percent when compared with February 2012, the data revealed.

It is pertinent to mention here that the country’s overall trade deficit decreased by 4.86 percent during the first nine months of the current fiscal year as exports expanded by 5.36 percent and imports witnessed positive growth of 0.39 percent.

The exports from the country increased from $17.1 billion in July-March (2011-12) to US $18.02 billion during July-March (2012-13) while the imports increased from $33.285 billion last year to $33.414 billion during the current fiscal year.

According to the data, the trade deficit during the fist nine months of current fiscal year stood at $15.34 billion against the deficit of $16.2 billion last year, showing negative growth of 4.86 percent.