Pakistan’s exports to China increase by 42% in 8 months

Pakistan’s export of goods and services to China witnessed an increase of 42.02 per cent during the first eight 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 US $1895.720 million during July-February (2023-24) against exports of US $1334.804 million during July-February (2022-23), SBP data revealed.

On a year-to-year basis, the exports to China also surged by 20.60 per cent from $140.166 million in February 2023, against the exports of $169.041 million in February 2024.

Meanwhile, on a month-on-month basis, the exports to China decreased by 31.05 per cent during February 2024 as compared to the exports of $245.169 million in January 2024, the SBP data revealed.