ISLAMABAD: Pakistan’s exports to China in September 2023 have surged by a powerful 100.5% in comparison with the corresponding month through the earlier monetary 12 months, in accordance with the Commerce Growth Authority Pakistan (TDAP)’s newest report.
The full worth of Pakistan’s exports to China in September 2023 amounted to $350.2 million, marking a sturdy 100.5% enhance in comparison with the exports valued at $174.7 million through the corresponding month within the earlier monetary 12 months.
In accordance with a Gwadar Professional’s report, in September, Pakistan’s whole exports to all associate nations of the world have been recorded at $2.465 billion, with China’s share amounting to $14.20 million.
In the course of the first quarter of FY 23- 24, Pakistan’s exports to all associate nations of the world reached $6.899 billion.
Of this whole, exports to China amounted to $729.7 million, accounting for about 10.57% of Pakistan’s general exports.
Pakistan’s exports to China remained regular at $168.5 million, $211 million, and $350.2 million for July, August, and September, respectively, as per the official statistics.
In September 2023, Pakistan’s exports to varied nations, exhibiting a rise, have been $111.0 million to the United Arab Emirates, $56.6 million to Saudi Arabia, $34.4 million to Malaysia, $33.6 million to Turkey, $33.2 million to Sri Lanka, $29.9 million to Viet Nam, $28.6 million to Poland, $27.3 million to South Korea, and $18.4 million to Yemen.
In September 2023, Pakistan’s imports from varied nations totaled $3.954 billion, marking a lower of 25.30% in comparison with the $5.293 billion recorded through the corresponding month within the earlier fiscal 12 months.
Pakistan’s imports from China in September 2023 amounted to $933 million, which is 1% lower than the $926.17 million imports through the corresponding month final 12 months.
Likewise, through the first quarter of FY23- 24, Pakistan’s whole imports have been recorded at $12.188 billion, reflecting a 25.36% lower from the $16.329 billion recorded through the corresponding interval within the earlier fiscal 12 months.