Pakistan’s Exports To China Up Nearly 10.97pc Year-On-Year In H1 Of 2022

Pakistan’s export to China crossed $1.918 billion in the first half (H1) of this year, up 10.97 percent from $1.728 billion in the same period of the previous year, which continue to increase on yearly basis, China Economic Net (CEN) reported on Saturday quoting official data from the General Administration of Customs of the People’s Republic of China (GACC).

According to sources, despite the epidemic of COVID-19, bilateral trade has increased significantly. In the first half of this year, the total volume of trade between China and Pakistan increased nearly 15 percent amounting to $14.39 billion as compared with the same period in 2021 which was $12.55 billion due to COVID-19.

Compared with data of the first half of 2021, this year Pakistan’s exports to China in January increased by 17.80 percent amounting to $382.22 million; in February it was up by nearly 30 percent crossing $287.65 million; in March it increased 7.23 percent amounting to $367.71 million; COVID-19 impacted Pakistan’s exports in April causing a decrease of 21.15 percent standing at $283.53 million; in May it increased nearly 3 percent reaching $280.97 million while in June it increased by nearly 54 percent crossing $316.36 million.