By Jawad Ahmed ISLAMABAD, March 30, (INP-WealthPK): Pakistan’s exports of goods and services to China have witnessed an increase of 57.9% during the eight months of the current fiscal year (2021-22) compared to the corresponding period of last year, according to WealthPK. According to the State Bank of Pakistan (SBP), the overall exports to China were recorded at $1.841 billion during July-February (2021-22) as against exports of $1.166 billion during the corresponding period of FY20-21, showing a growth of 57.9%. Meanwhile, on a YoY basis, exports to China in February 2022 also increased by 81.27% from $251.957 million against $138.998 million in February 2021. On a month-over-month (MoM) basis, exports declined by 1.73% to $251.957 million during February 2022 compared to $256.388 million in January 2022. On the other hand, imports from China during the period under review were recorded at $11.285 billion as against $7.863 billion last year, showing an increase of 43.52% in first eight months of the current fiscal year. Meanwhile, on a year-over-year basis, imports from China during February 2022 surged by 21.97% from $1.056 billion last year to $1.288 billion in FY21-22. On a month-over-month basis, imports from China fell by 10.68%, reaching $1.288 billion during February 2022 as against $1.442 billion in January 2022. According to the SBP statistics and WealthPK research, import volume has decreased over the previous two months after peaking at $1.599 billion in December 2021. Imports from China fell by 9.82 percent in January to $1.442 billion, marking the start of the second half of the fiscal year 2021-22. The downward trend persisted in the next month of February 2022. This trajectory is due to several actions made by the government and the State Bank to suppress large import flows. This trend is projected to continue in the near future. [caption id="attachment_65409" align="aligncenter" width="696"] Source: State Bank of Pakistan (SBP)/ WealthPK Research[/caption] Electronics, textiles, seafood, and agricultural items are among the key products exchanged between the two nations, which shows a strong economic recovery after the pandemic. Pakistan’s overall exports to all countries also witnessed an increase of 28.1% during July-February 2021. Exports of $20.617 billion are recorded in the first eight months of the current fiscal year 2021-22, compared to $16.093 billion in July-February 2020-21. On the other hand, imports surged to $47.902 billion from $32.123 billion during July-February 2022 compared to the same period of FY21.