BEIJING: Pakistan export to China was increased by 68.9% in 2021 and crossed the historical figure of $3.58 billion while the total import and export between the two countries stood at $27.82 billion.
It was reported by Gwadar Pro on Saturday quoting official data from the General Administration of Customs (GACC) of China.
Pakistan’s export to China crossed $365.35 million in December 2021, up 17 percent, while in the same period of the previous year it was $312.33 million, which is the second-highest figure of the year. Pakistan’s exports made the highest gain in November 2021 when its export volume to China was $379.17 million.
Last year, the highest value was in December 2020 when its export volume was $312.33 million.
Overall, from January to December 2021, China’s imports from Pakistan totalled $3.58 billion irrespective of COVID-19, while in the same period of last year it was $2.12 billion.
This year China’s export to Pakistan was increased by 57.8% to $24.23 billion, while last year it was $15.36 billion and in 2019 it was $16.17 billion. Shan Saeed, Chief Economist at Juwai IQI, said trade between the two countries has made significant progress as both export and import volumes are on the rise.
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