ISLAMABAD – Pakistan exports to China have registered significant increaseduring the first quarter of FY 2018-19.

The country’s export of goods to China during the first quarter of thefiscal year 2018-19 increased by 17.75 percent to US$430.3 million againstthe export of goods worth $353.892 million in the same period of thepreceding year.

The import of goods from China also witnessed an increase of 10.3 percentas it rose to $10.384 billion in the first quarter of the current fiscalyear from $9.314 billion in July-September (2017-18), said latest datareleased by State Bank of Pakistan (SBP).

On a yearly basis, the export of goods to China increased to $139.7 millionin September 2018, against the exports of $116.83 million in the same monthof previous year, showing an increase of 16.37 percent.

The imports also witnessed an increase of 1.38 percent which rose to $1.01billion in September 2018 against the imports worth of $996 million inthe same month last year.

The export of services to China, during the period under review, decreasedby 2.64 percent to $52.04 billion during July-September (2018-19) againstan export of services worth $53.416 million during the same period of lastyear.