In the inaugural month of fiscal year 2023-24, Pakistan’s exports to China surged by 35.1%, reaching a total of US$ 168.5 million. This marked a substantial growth compared to the same period in the previous year, where exports amounted to US$ 124.7 million.
These figures, sourced from the Trade Development Authority Pakistan (TDAP)’s most recent monthly report, indicate a robust start to the new fiscal year in terms of trade between the two nations, Gwadar Pro reported on Wednesday. According to the report, in July 2023, Pakistan’s exports to global destinations totaled US$ 2,057 million. This reflected a decrease of 8.57% compared to the same month in the preceding year, during which exports had reached US$ 2,250 million. Nevertheless, China stands at the forefront of the list of countries to which Pakistan’s exports have demonstrated remarkable growth. Additional nations that have witnessed a surge in Pakistan’s exports encompass the United Kingdom 4.9%, Spain 7.2%, Italy 8.6%, Saudi Arabia 8.4%, Kenya 19.8%, Turkey 26.7%, Malaysia 9.7%, Oman 22.5%, and Qatar 32.3%.
