Analyzing Impact of Pakistan Economic Corridor on Import and Export in Pakistan and China

China and Pakistan, among other countries, have a pressing need for a quicker, safer, and more cost-effective commerce route heading to the west, which encompasses Europe and the Middle East. This study's main goal is to determine whether the China-Pakistan Economic Corridor (CPEC) is a viable, long-term option for future market penetration and company growth. With an emphasis on shipping costs and transit times, it examines how the China-Pakistan commerce is affected by the China-Pakistan Economic Corridor (CPEC). The report also contrasts the effectiveness of the proposed CPEC route with that of the existing trade route. For this analysis, a qualitative and descriptive research style was used. The results show that significant cost reductions can result from following the suggested CPEC path. The cost of shipping between Gwadar, Pakistan, and Kashgar, China, might drop by 69% for Oman, 49% for Jeddah and Kuwait, and 38% for European ports. Additionally, transit times for ports in Europe, Jeddah, Kuwait, and Oman might be shortened by 10–11 days, 11–13 days, and 15–18 days, respectively.