Friday, June 14, 2024

Pakistani Exports to China Grow by 37.68% in 10 Months

Pakistan’s export of goods and services to China witnessed an increase of 37.68 percent during the first ten months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, the State Bank of Pakistan (SBP) said on Wednesday afternoon.

The overall exports to China were recorded at $2.341 billion during July-April (2023-24) against the exports of $1.700 billion during July-April (2022-23), SBP data revealed.

On a year-to-year basis, exports to China also surged by 13.56 percent from $175.542 million in April 2023 to $199.352 million in April 2024.

On a month-on-month basis, exports to China decreased by 18.97 percent during April 2024 as compared to the exports of $246.030 million in March 2024, the SBP data said.

Overall Pakistan’s exports to other countries witnessed an increase of 10.64 percent in the first ten months, from $23.199 billion to $25.669 billion, the SBP data added.

Imports from China into the country during the months under review were recorded at $10.648 billion against $8.343 billion last year, showing an increase of 27.61 percent in July-April (2023-24).

Overall imports into Pakistan witnessed a decrease of 5.27 percent, from $45.766 billion to $43.353 billion.

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