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Pakistan’s export to China up 4% in 8 months

March 31, 2019: Pakistan’s exports to China during first eight months (Jul-Feb) of current fiscal year increased by 3.97 percent as compared to same period of last year.

The exports from Pakistan to China during the period under review increased to $1.15 billion compared to the exports of $1.106 billion recorded during Jul-Feb (2017-18), according to latest data released by State Bank of Pakistan (SBP). 

The imports went down to $6.628 billion in July-February 2018-19 from $7.32 billion in same period of last year. 

On year-on-year basis, the imports went down to $686.078 million in February 2019 against the imports worth of $780.621 million recorded during same month of last year. 

While the exports of goods and services from Pakistan to China also decreased from $127.308 million in February 2018 to $118.707 million in same month of current year. 

The trade deficit between Pakistan and China, during first eight months (Jul-Feb) of current fiscal year, shrank by 11.93 percent. 

The trade deficit between the two countries decreased to $5.478 billion in July-February (2018-19) compared to the trade deficit of $6.22 billion in same period of the preceding year. 

(APP)

Posted on: 2019-03-31T14:46:00+05:00

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