Pakistan exported goods worth $2.38 billion ($2,375 million) to China during the fiscal year 2024–25, according to the Trade Development Authority of Pakistan (TDAP), reflecting continued strong trade volumes between the two countries. In June FY 2024–25 alone, exports to China reached $152 million, showing a slight increase of 1% compared to $150 million in the same month last year, Gwadar Pro reported on Monday.

Pakistan’s total exports for FY 2024–25 (July–June) were recorded at $32.11 billion ($32,106 million), reflecting a 4.67% year-on-year growth. During the same period, total imports stood at $58.38 billion ($58,380 million), resulting in a trade deficit of $26.27 billion ($26,274 million). China accounted for 7.4% of Pakistan’s total exports.

Pakistan’s main exports to China include textiles and garments, knitwear, cotton yarn and fabric, minerals, rice, sesame seeds, chilies, pink salt, and seafood. Most of these are raw or semi-processed goods, though value-added products are gradually gaining traction.

The growth in exports is partly attributed to the second phase of the China-Pakistan Free Trade Agreement (CPFTA-II), which came into effect on January 1, 2020. By reducing tariffs and enhancing market access, CPFTA-II has opened new opportunities for Pakistani exporters in the Chinese market.

Credit: Independent News Pakistan (INP) — Pak-China