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Reading: Pakistan’s ten-month exports to China have increased by 37%.
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Baner Club > Blog > Business > Pakistan’s ten-month exports to China have increased by 37%.
BusinessPakistan

Pakistan’s ten-month exports to China have increased by 37%.

According to a report by the State Bank of Pakistan (SBP), Pakistan's exports of products and services to China increased by 37.68 percent in the first ten months of the current fiscal year (2023–24) as compared to the same time the previous year.

Last updated: 2024/05/29 at 6:30 PM
Published May 29, 2024
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According to SBP data, total exports to China from July to April of 2023–24 were US $2.341 billion, compared to US $1.700 billion in exports from the same period in 2022–23.

Year over year, the amount of goods sent to China increased by 13.56 percent, from $175.542 million in April 2023 to $199.352 million in April 2024.
Conversely, when comparing April 2024 exports to March 2024 exports of $246.030 million, the month-over-month decline was 18.97 percent.

According to SBP data, Pakistan’s total exports to foreign nations increased by 10.64 percent in the first ten months, from US $23.199 billion to US $25.669 billion.

However, compared to US $8.343 billion in the previous year, imports from China into the nation during the reviewed months totaled US $10.648 billion, indicating a 27.61 percent rise in July through April (2023–24).

Comparing April 2024 imports of US $1.285 billion to April 2023 imports of US $598.196 million, China’s imports increased by 114.92 percent year over year.

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BanerClub May 29, 2024 May 29, 2024
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