Export to China crosses last year’s total
Merchandise export to China in the first 10 months of the current fiscal year has already crossed the total annual export of the past fiscal year.
Statistics available with the Export Promotion Bureau (EPB) showed that export to China stood at $809.82 million in July-April period of the current fiscal year (FY17).
On the other hand, total annual export to China was $808.14 million in the last fiscal year (FY16).
Thus, current fiscal year’s 10-month export surpassed the total annual export to China by 0.20 per cent.
According to the official data of the country’s export promotion agency, export to China was $625.32 million in the first 10 months of FY16.
Thus, export to China in the first 10 months of current fiscal year increased by 29.50 per cent over the same period of past year.
If the growth trend continues for the next two months, annual export to china will cross $1 billion level for the first time in the history of two countries bilateral trade.