AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Pakistan’s Exports To China Jump Nearly 11% In First Half 2022

admin-augaf by admin-augaf
July 23, 2022
in Business, International, National, News
Reading Time: 2 mins read
0
Pakistan’s Exports To China Jump Nearly 11% In First Half 2022
Share on FacebookShare on TwitterWhatsapp

Beijing July 23 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, shows the 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% amounting to $382.22 million; in February it was up by nearly 30% crossing $287.65 million; in March it increased 7.23% amounting to $367.71 million; COVID-19 impacted Pakistan’s exports in April causing a decrease of 21.15% standing at $283.53 million; in May it increased nearly 3% reaching $280.97 million while in June it increased by nearly 54% crossing $316.36 million.

Shan Saeed, Chief Economist at Juwai IQI told China Economic Net that the increasing exports from Pakistan to China is a good sign for both countries. It clearly signifies the deep-rooted trade and commerce momentum has been generated through China-Pakistan Economic Corridor (CPEC).

“China has really opened up the market for Pakistani goods. Both countries can benefit from long-term relationships. Pakistan can export further as China is the second largest economy in the world. Pakistan’s geography is very germane for China and the global macro-economic landscape,” Shan added.

He further said that Pakistan can become a food basket for China because the Chinese market is huge and has good buying power, therefore Pakistan should take advantage of its good relationship and China can help relocate its industries & technologies to Pakistan to increase its exports to China and around the globe.


It is to be noted that Pakistan is expected to achieve a figure of $32 billion in bilateral trade within the next two-three years and is likely to achieve a figure of $50 billion before 2030.

In the first six months of this year, among the growth of trade in major products between the two countries, rice, cotton yarn, refined copper products, sesame seeds, pine nuts, textiles, seafood, and other agricultural products have increased year on year, and this has encouraged Pakistan’s economic recovery and increased its exports to China.

Source: GACC

Related Posts

China’s Funding to Pakistan Stands at 30% of Foreign Debt

Streets Deserted In China’s Cities As New COVID Surge Looms

FX Contract and LCs Payment Soon be Back to Normal says SBP

Coal prices hits a three-year high due to higher demand


Tags: ChinaExportsgoodsTrade
admin-augaf

admin-augaf

Related Posts

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli
Business

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

January 29, 2023
Pakistan Never Default and Continue to Fulfill Commitments says Finance Minister
Business

Pakistan have to take Big Decisions to Come out of Economic Crisis: Ishaq Dar

January 29, 2023
SHIFA Hospital Fined for Medical Negligence and Malpractices
News

SHIFA Hospital Fined for Medical Negligence and Malpractices

January 29, 2023

Recent News

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

January 29, 2023
Pakistan Never Default and Continue to Fulfill Commitments says Finance Minister

Pakistan have to take Big Decisions to Come out of Economic Crisis: Ishaq Dar

January 29, 2023
Shah Mahmood Qureshi

Imran Khan will Contest by-elections on 33 Constituencies: Shah Mehmood Qureshi

January 29, 2023
SHIFA Hospital Fined for Medical Negligence and Malpractices

SHIFA Hospital Fined for Medical Negligence and Malpractices

January 29, 2023
India’s Fuel Demand Hits Eight-Month Peak In November

Government Increase Petrol and Diesel Prices Up to PKR 36 per Liter

January 29, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli
  • Pakistan have to take Big Decisions to Come out of Economic Crisis: Ishaq Dar
  • Imran Khan will Contest by-elections on 33 Constituencies: Shah Mehmood Qureshi

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

January 29, 2023
Pakistan Never Default and Continue to Fulfill Commitments says Finance Minister

Pakistan have to take Big Decisions to Come out of Economic Crisis: Ishaq Dar

January 29, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.