Pakistan’s exports to China soared by 37.68% in the first ten months of fiscal year 2023-24, reaching $2.341 billion, according to State Bank of Pakistan data. Year-on-year exports to China increased by 13.56% in April 2024, although monthly exports saw a decline of 18.97%. Overall, Pakistan’s exports to other countries grew by 10.64%, while imports from China surged by 27.61% to $10.648 billion.
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.
