Pakistan flag Pakistan: Visió econòmica i política

Xifres de comerç exterior de Pakistan

Foreign Trade in Figures

The share of foreign trade in Pakistan's GDP continues to be low, at 29% (World Bank, latest data available). Despite economic and political difficulties, Pakistan has taken steps to liberalise its trade and investment framework as part of commitments made with the WTO, IMF and the World Bank. Textile products accounted by far for the largest share of exports (around 60%, mostly comprising linen, clothing and cotton), followed by rice (9.4%). In regards to imports, the largest item was petroleum products, followed by palm oil, telephones and ferrous waste (Comtrade).

The United States is the top destination for Pakistani exports (18.6%, mainly textile), followed by China (8.4%), the United Kingdom (7.8%), and Germany (6.3%). China is by far the largest supplier of goods and services in Pakistan (27.3%), followed by the United Arab Emirates (9.8%), the United States (5.6%), Indonesia (5.3%), and Saudi Arabia (4.1%). The free trade agreement (FTA) with China has been detrimental to Pakistani manufacturing exports, which have declined continuously in recent years, and local businesses worry the completion of China–Pakistan Economic Corridor would further increase the share of Chinese products in the domestic market. As talks with the GCC stalled, Pakistan is now pursuing individual trade agreements with Saudi, the UAE and Oman. Moreover, Pakistan and Qatar have agreed in principle on a preferential trade agreement (PTA) and a free trade agreement (FTA) to enhance bilateral trade.

Pakistan's trade structure has been structurally in deficit, with exports remaining sluggish on the back of low global demand for Pakistani crops. Imports of goods reached USD 45.8 billion in 2020, while exports were only USD 21.9 billion. Concerning the trade of services, imports were USD 7.3 billion, whereas exports amounted to USD 4.3 billion. Overall imports decreased at a faster pace than exports, resulting in a reduced trade deficit of 7.4% of GDO (from 10.1% one year earlier – World Bank). The latest figures from the Bureau of Statistics show that in the first six months of FY2022 (Jul-Dec 2021), exports of goods reached USD 15.1 billion (+24.9% y-o-y), against USD 40.6 billion of imports (+66.2% y-o-y, driven by rising global fuel and food prices and purchases of COVID-19 vaccines).

 
Foreign Trade Values 20162017201820192020
Imports of Goods (million USD) 47,15557,74660,07850,33245,804
Exports of Goods (million USD) 20,43521,72523,42523,32921,961
Imports of Services (million USD) 7,9539,85811,1309,7247,306
Exports of Services (million USD) 4,9493,9144,6954,6564,378

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20162017201820192020
Foreign Trade (in % of GDP) 25.325.929.030.426.2
Trade Balance (million USD) -20,380-29,594-31,911-22,881-21,589
Trade Balance (Including Service) (million USD) -25,037-35,007-37,648-27,306-23,779
Imports of Goods and Services (Annual % Change) 16.021.217.64.3-11.1
Exports of Goods and Services (Annual % Change) -1.6-0.612.714.51.6
Imports of Goods and Services (in % of GDP) 16.217.620.120.316.6
Exports of Goods and Services (in % of GDP) 9.18.39.010.19.6

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20212022 (e)2023 (e)2024 (e)2025 (e)
Volume of exports of goods and services (Annual % change) 9.27.28.59.43.4
Volume of imports of goods and services (Annual % change) 4.7-5.98.38.65.5

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Pakistan does not belong to any Customs Union.

It is a member of the South Asian Association for Regional Cooperation (SAARC)

Pakistan has signed Bilateral Investment Treaties (BITs) with nearly 40 countries. It has also signed ‘Double Taxation Agreements’ with nearly 50 countries.

The country has signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).

For more details, visit:

Pakistani Government

Pakistani state

Federal Board of Revenue

 

Main Partner Countries

Main Customers
(% of Exports)
2021
United States 21.1%
China 10.5%
United Kingdom 7.3%
Germany 5.4%
Netherlands 4.9%
See More Countries 50.8%
Main Suppliers
(% of Imports)
2021
China 28.3%
United Arab Emirates 10.1%
Indonesia 5.8%
United States 5.3%
Saudi Arabia 5.2%
See More Countries 45.4%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

22.2 bn USD of products exported in 2020
Bed-linen, table linen, toilet linen and kitchen...Bed-linen, table linen, toilet linen and kitchen linen of all types of textile materials (excl. floor-cloths, polishing-cloths, dish-cloths and dusters) 14.6%
RiceRice 9.4%
Men's or boys' suits, ensembles, jackets, blazers,...Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, separate waistcoats, track suits, ski suits and swimwear) 9.4%
Cotton yarn other than sewing thread, containing >...Cotton yarn other than sewing thread, containing >= 85% cotton by weight (excl. that put up for retail sale) 3.6%
Woven fabrics of cotton, containing >= 85% cotton...Woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 200 g/m² 3.0%
See More Products 59.9%
45.8 bn USD of products imported in 2020
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 9.2%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 5.3%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 5.0%
Palm oil and its fractions, whether or not refined...Palm oil and its fractions, whether or not refined (excl. chemically modified) 4.6%
Electrical apparatus for line telephony or line...Electrical apparatus for line telephony or line telegraphy, incl. line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones; parts thereof 4.5%
See More Products 71.5%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import Export Flows.

 

Main Services

Source: United Nations Statistics Division, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

Return to top

Vols fer algun comentari sobre aquest contingut? Escriu-nos.

 

© Export Entreprises SA, Tots els drets reservats.
Actualitzacions: September 2022

Return to top