Islamabad, 28 September 2022 (TDI): According to the data collected from China Customs, Pakistan’s agricultural export to China is expected to exceed a record of US $1 billion in 2022.
From January to August 2022 Pakistan’s agricultural products exported to China reached the US $730 million with an increase of 28.5 per cent. Moreover, Pakistan’s trade surplus with China in agricultural products also reached the US $527 million with a Y-on-Y increase of 48.48 per cent in the same period.
(1/2) According to the data from China Customs, Pakistan’s agricultural products exported to China from Jan to Aug 2022 reached US$ 730 m with a Y-on-Y increase of 28.59%. Pakistan’s agricultural exports to China are expected to exceed a record high of US$ 1 bln in 2022. pic.twitter.com/EIadPEOFK8
— Chinese Emb Pakistan (@CathayPak) September 28, 2022
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Dr Gu Wenliang, Agricultural Counsellor at the Embassy of the People’s Republic of China in Islamabad said that Pakistan’s agricultural exports to China will soon grow beyond US$ 1 billion per annum.
He added that China offers a huge and lucrative market for Pakistani agricultural goods including rice, cherries, dry chillies, onions, mangoes and pine nuts. Moreover, Pakistani cherries and pine nuts can be sold in China at much higher rates than in Pakistan, Dr Wenliang said.
Furthermore, the Agricultural Counsellor said that China and Pakistan had made several achievements in agricultural cooperation under the China-Pakistan Economic Corridor (CPEC) initiative. He mentioned several success stories including the chilli contract farming in Sindh and Punjab, which he said had now exceeded an area of more than 500 acres.
Chinese firms will set up an industry to extract precious chemicals from chillies after the contract farming reaches the desired level. Presently, the dry chillies produced through contract farming are being exported to China, Dr Wenliang said.
Enhanced agricultural cooperation
Previously in August, the Chinese Ambassador to Pakistan, Nong Rong said that Pakistan had immense potential in the agriculture sector, and Pakistani fruits can be exported to China after their value addition. He also suggested increasing the volume of chilli export.
Furthermore, the enhanced agricultural cooperation over the last two to three years between the two countries, especially in hybrid seeds, latest technologies, and pesticides has helped increase the production of crops and this surplus yield helped increase export to China.
