Exports to South China increase by 16% in 2023

Pakistan’s exports to South China have witnessed a significant surge of 16% during the year 2023. This remarkable achievement comes as a result of the strengthened trade ties between the two countries and Pakistan’s ongoing efforts to diversify its export market, said Muhammad Irfan, Trade and Investment Counsellor Pakistan’s Consulate in Guangzhou, China.

According to the latest data released by the General Administration of Customs of China (GACC), the total value of exports from Pakistan to South China reached a record high of $973.21 million from January-December of 2023, compared to $836.645 million in the previous year. This upward trajectory is a testament to the resilience and competitiveness of Pakistan’s export sector.

“Guangdong Province imported $379.011 million worth of goods from Pakistan in 2023, while Fujian Province imported $367.30 million.â€ On the other hand, imports in the previous year were 248.532 million, up by 48%, followed by the Guangxi Zhuang Autonomous Region’s 86.790 million and $80.164 million, up by 8%, in 2022. In 2023, Hainan Province imported goods worth $85.883 million, with a 56% increase, and in 2022, its imports were $24.371 million, increased by 123% to $54.227 million, he told China Economic Net (CEN).