Pakistan:China imported more than $41.48 million worth of Pakistani pine nuts during the first seven months of this year, according to official figures from the General Administration of Customs of the People’s Republic of China (GACC).
According to GACC data, from January to July 2022, China imported 11,513.7 tonnes of pine nuts from around the world, valued at nearly $88.020 million, compared to 3,770.76 tonnes from Pakistan during the same period. Pine nuts have been imported into China for a total of $88.020 million, of which 47.12% came from Pakistan.According to Yar Muhammad Niazi, Chief Executive of Hangzhou Aiza Food and Shaoxing Aiza Trading, Pakistani pine nuts are regarded as high-end treats in the Chinese market and are subject to zero duties when exported to China.
“The cost of Pakistani pine nuts in general is rising on the Chinese market. The season for this year will begin in late September, and we want to sell 1,500 tonnes to China. China is a significant market, and in order to gain a bigger share, B2B cooperation is necessary, according to Niazi.He claimed that although the price has stayed low for the past two years, valued at between 130 and 140 pence per kilogramme, it is anticipated to increase somewhat this year. They are currently developing this product’s value and introducing a new brand. To enhance Pakistan’s exports to China, the governments of Pakistan and China should encourage Pakistani businesses to take part in these shows.
Pakistan’s Balochistan is where Qadir Baloch is from. For the past 55 years, he and his family have been involved in the pine nut industry. He claimed that they export pine nuts to several Arab nations, the USA, China, and Europe.The COVID-19 pandemic-related travel and trade restrictions have had a negative impact on his company’s operations. In addition, a fire that destroyed thousands of pine nut trees in Sherani, Balochistan last May cost him a significant amount of money.
