One of the chief and foremost aims of all countries is economic development. Approximately all the countries strive in the best possible way to attain this aim. Among all the contributors to economic growth, exports are one of the main elements that enhance economic growth. Dissimilar research is conducted to organize the relationship between economic growth and exports from different countries.
No doubt, the sports goods manufacturing division of Pakistan has a rich history and a dynamic manufacturing base. At first, ascending as a cottage industry, the area now comprises developed manufacturing units in and around Sialkot City. Over time, this city and its adjacent zones have organized into a cluster for manufacturing sports goods, counts on record learning and accessibility of skilled labor. The leading product for this cluster is the inflatable ball which has had a broad influence in picking up the territory’s global recognition.
According to the data released by the Pakistan Bureau of Statistics (PBS), the sports goods exports during the first five months of the fiscal year of 2022-23 grew by 29.36 percent as against the exports of the commodity during the same period of the previous year.
| Pakistan: Export Receipts By Sports Goods ( Thousand US Dollar) | |||||||
|---|---|---|---|---|---|---|---|
| Details | July-June | Dec FY2022 | Nov FY2023 R | Dec FY2023 P | July-December | ||
| FY2021 | FY2022 | FY2022 | FY2023 P | ||||
| Sports Goods | 470,650 | 506,926 | 46,387 | 35,221 | 38,640 | 253,534 | 234,608 |
| A) Footballs | 157,904 | 203,308 | 16,540 | 18,957 | 19,177 | 87,611 | 118,541 |
| B) Gloves | 95,930 | 96,657 | 9,548 | 7,077 | 6,416 | 47,521 | 43,251 |
| C) Others | 216,816 | 206,961 | 20,298 | 9,187 | 13,047 | 118,402 | 72,816 |
During the period from July to November 2022, sports goods were recorded worth US$174,676,000 as against exports of US$135,034,000 during the corresponding period, the previous year. The exports of gloves also grew by 2.73 percent, worth US$30,857,000 in the current fiscal year, as against the exports of US$31,724,000 during the corresponding period of the previous year. Meanwhile, other exports also grew by 5.56 percent as the exports registered during the current fiscal year were registered at US$41,843,000 as against the exports during the corresponding period of last year which were registered at US$39,639,000.
Furthermore, Pakistan’s football exports during the first six months of the fiscal year of 2022-23 rose by 53.58 percent as against the exports of the commodity during the same period of the previous year. During the period from July to December 2022, footballs worth US$120,893,000 were exported as against the exports of US$63,671,000, during the corresponding period of last year.
According to PBS, the exports of sports goods rose by 27.40 percent, worth US$208,674,000 as against exports of US$163,797,000 during the corresponding period, last year. Meanwhile, other exports also rose by 5.33 percent as the exports registered during the current fiscal year were registered at US$50,077,000 as against the exports during the same period of last year which were recorded at US$47,544,000. During the period under review, gloves exports declined by 0.45 percent, worth US$37,704,000 in the current fiscal year, as against the exports of US$37,536,000 during the corresponding period of last year.
On the other hand, our country takes into account very about 70 percent of the global interest in inflatable balls. In Sialkot, dissimilar products are created just as cricket bats, hockey sticks, tennis rackets, indoor recreations and defensive rigging counting sports apparel, gloves, and pads etc. The city has been specialized to outsource world prestigious brands counting Nike and Adidas generating employment for many skilled and non-skilled professionals from everywhere throughout the nation.
Pakistan has been the official maker of match-ball since the 1982 FIFA World Cup. The nowcasts for the football exports is very remarkable as FIFA World Cup is set to commence in Doha, Qatar in November 2022. The ball named ‘Al-Rihla’ has been manufactured in Pakistan by Adidas.
According to the economic survey of Pakistan FY2022, gloves exports rose both in quantity and value by 132.5 percent and 16.4 percent, respectively during July-March FY2022. Gloves exports were registered at US$ 56.7 million. Another major sports good is football recorded a rise both in quantity and value by 37.8 percent and 40.3 percent, respectively. It is also recorded that the USA is the largest export market for Pakistan’s products with a 20 percent share in Pakistan’s total export in 2020-21. Different goods are being exported to the USA by Pakistan and furniture & sports goods is 2 percent.