Pakistan’s share in the bilateral trade with China was squeezed by over 3percent to just 14 percent during the fiscal year 2021-22 (FY22) ascompared to the fiscal year 2020-21 mainly due to the inability ofPakistani exporters to take advantage of available opportunities in theChinese market.
Sources in the Commerce Ministry told ProPakistani that bilateral tradebetween Pakistan and China increased by $4 billion to $20.08 billion duringthe fiscal year 2021-22 as compared to $16.08 billion during the fiscalyear 2020-21.
However, the volume of bilateral trade between both countries increasedfurther in favor of China. Pakistan exported different items worth $2.78billion (13.8 percent) to China during FY22. Whereas China’s exports toPakistan stood at $17.30 billion (86.1 percent) during the same period.
The bilateral trade between Pakistan and China stood at $16.08 billion inFY21. China’s exports to Pakistan stood at $13.3 billion (82.7 percent)while Pakistan’s export to China stood at $2.78 billion (17.3 percent)during FY21.
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It is pertinent to mention here that China’s imports climbed to over $2trillion in FY22, according to different estimates. Unfortunately,Pakistani exporters were unable to capture even one percent of the totalChinese market, the figures show.
