China large importer of Pakistani pine nuts

Pine nuts export to China hits $41.48m in Jan-Jul 2022

BEIJING:

Pakistani pine nuts’ exports to China in the first seven months of this year crossed US $41.48 million, according to the official data from the General Administration of Customs of the People’s Republic of China (GACC). Data from GACC showed that during January-July of 2022, China imported 3,770.76 tons of pine nuts from Pakistan worth $41.48 million while in the same period, China imported 11,513.7 tons of pine nuts around the world valuing about $88.020 million.

Overall, China has imported $88.020 million of pine nuts and out of that 47.12% is from Pakistan. Yar Muhammad Niazi, Chief Executive of Hangzhou Aiza Food, and Shaoxing Aiza Trading said that the export of Pakistani pine nuts to China enjoys zero tariffs and Pakistani pine nuts are classified as high-end snacks in the Chinese market, CEN reported. “The overall price of Pakistani pine nuts in the Chinese market is on the rise.

This year’s season will start in late September and our target is to export 1,500 tons to China. China is a big market and we need to do B2B cooperation to capture a larger part of this market,” Niazi said. He said that for the last two year the price remained low, valuing ¥130-140 per KG, while this year’s price is expected to go a little higher. They are now working on the value addition of this product and launching a new brand. Pakistani and Chinese governments should support Pakistani enterprises to participate in the exhibitions here to increase Pakistan’s exports to China, he added.

“China is one of the biggest buyers of pine nuts from Pakistan and even during the epidemic the Chinese government played a very vital role in having flexible policies in trade with Pakistan and that’s the reason why so far we have been successful to export pine nuts to China in huge quantity,” said Qadir Baloch, a pine nuts exporter hailing from Balochistan. Baloch, whose family has been associated with the pine nuts business for the last 55 years said that in the last few years China has become the main destination for Pakistani pine nuts and that is why local exporters are happy that they can earn a good profit from the neighbouring market