Exports of PFY to India plunged on the year in Mar

Among the top 10 export destinations in Mar, only exports to Pakistan saw a positive growth. Demand from Pakistan boomed in 2022, with exports of China-made PFY to Pakistan hitting historic high at 85.8kt in Q1 2022, a year-on-year increase of 19.8%. Exports of PFY to Pakistan were mainly DTY, with some FDY. Exports of PFY to India plunged on the year in Mar, while inquiries and orders from India started growing from Mar and there were many orders placed in Apr. Therefore, PFY exports to India is likely to advance on the month in Apr