Pakistan’s exports to China surge by 40 percent in 6 months: SBP

Pakistan’s export of goods and services to China witnessed an increase of 40.01 per cent dur­ing the first six months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall ex­ports to China were recorded at $1481.499 million during July-December (2023-24) against exports of $1058.088 million during July- December (2022-23), SBP data revealed.

On a year-to-year basis, the exports to China also surged by 42.80 per cent from $180.643 million in December 2022, against the exports of $257.966 million in December 2023. Meanwhile, on a month-on-month basis, the exports to China decreased by 4.92 per cent during December 2023 as compared to the exports of $271.316 million in November 2023, the SBP data revealed.

Overall Pakistan’s exports to other countries witnessed an increase of 7.49 per cent in the first six months, from $14.222 billion to $15.288 billion, the SBP data revealed. On the other hand, the imports from China into the country during the months under review were recorded at $5782.371 million against $5849.382 million last year, showing a nominal de­cline of 1.14 per cent in July-December (2023-24).

Read more: https://www.nation.com.pk/03-Feb-2024/pakistan-s-exports-to-china-surge-by-40-percent-in-6-months-sbp