BEIJING: Pakistan’s exports to China in June 2022 have increased by 8% to US$251.30 million as compared to the corresponding month of the previous year when it was recorded at US$232.74 million in June 2021.
Also, as compared to May 2022, Pakistan’s exports to China have shown positive signs by gaining a value of US$22.38 million. In May, the total exports to China were recorded as US$228.92 million, China Economic Net reported.
Pakistan’s exports to UAE, Italy, Netherlands, UK, Spain, Bangladesh, Thailand, Canada, and France have also increased as compared to the corresponding month of June 2021.
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Pakistan’s exports to all destinations of the world during June 2022 were recorded at US$2,887 million, which is 5.83% more than the corresponding month of June 2021 when the total figure was US$2,728 million.
Regarding imports, China is one of the top partner countries which shows a decrease during June as compared to the corresponding month of the previous fiscal year.
In June 2022, Pakistan’s imports from China decreased by 14% to US$1625.21 million compared to June 2021, US$1894.16 million imports. This is a good sign for Pakistan to minimise its trade deficit.
