Trade between Pakistan and China during COVID-19: An Overview

Abstract

The economic relationship between Pakistan and China, which is founded on historical, geopolitical, and economic ties, has been substantially affected by the COVID-19 pandemic. This study analyzes the evolution of trade patterns between the two nations during the pandemic, casting light on how supply networks, trade volumes, and product compositions were impacted. From 2018 to 2022, exports and imports fluctuate, and Pakistan has a trade deficit with China, according to the data. The economic impact of COVID-19 on both nations is examined, as are government responses and relief measures. Despite the pandemic's effects on global trade and supply chains, trade volumes between Pakistan and China increased in 2021 due to the global economic recovery, rising Chinese demand for Pakistani products, and trade agreements. The research highlights the resiliency and adaptability of both nations during difficult periods. The findings highlight the significance of diversifying exports and imports, as well as the potential for future economic growth resulting from ongoing projects under the China-Pakistan Economic Corridor (CPEC) and efforts to balance their trade relationship. This research contributes to a comprehensive comprehension of the impact of the COVID-19 pandemic on Pakistan-China trade and the possibility of future economic cooperation.