Foreign trade of Pakistan

World trade
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Policy Import Export Balance of trade Trade law Trade pact Trade bloc Trade creation Trade diversion Export orientation Import substitution Trade finance Trade facilitation Trade route Domestic trade Tax
Restrictions Trade barriers Tariffs Non-tariff barriers Import quotas Tariff-rate quotas Import licenses Customs duties Export subsidies Technical barriers Bribery Exchange rate controls Embargo Safeguards Countervailing duties Anti-dumping duties Voluntary export restraints
History Mercantilism Protectionism Laissez-faire Free trade Economic nationalism Economic integration
Organizations International Monetary Fund International Trade Centre World Trade Organization World Customs Organization International Chamber of Commerce
Economic integration Preferential trading area Free-trade area Currency union Customs union Single market Economic union Fiscal union Customs and monetary union Economic and monetary union
Issues Intellectual property rights Smuggling Competition policy Government procurement Outsourcing Globalization Fair trade Trade justice Emissions trading Trade sanctions War Currency war Trade costs Trade war Trade and development
Lists Imports Exports Tariffs Largest consumer markets Leading trade partners
By country Trade mission Trading nation United States Argentina Pakistan Romania Vietnam India
Theory Comparative advantage Competitive advantage Heckscher–Ohlin model New trade theory Economic geography Intra-industry trade Gravity model of trade Ricardian trade theories Balassa–Samuelson effect Linder hypothesis Leontief paradox Lerner symmetry theorem Terms of trade
v t e

Pakistani exports in 2005

World trade
Part of a series on

Policy Import Export Balance of trade Trade law Trade pact Trade bloc Trade creation Trade diversion Export orientation Import substitution Trade finance Trade facilitation Trade route Domestic trade Tax
Restrictions Trade barriers Tariffs Non-tariff barriers Import quotas Tariff-rate quotas Import licenses Customs duties Export subsidies Technical barriers Bribery Exchange rate controls Embargo Safeguards Countervailing duties Anti-dumping duties Voluntary export restraints
History Mercantilism Protectionism Laissez-faire Free trade Economic nationalism Economic integration
Organizations International Monetary Fund International Trade Centre World Trade Organization World Customs Organization International Chamber of Commerce
Economic integration Preferential trading area Free-trade area Currency union Customs union Single market Economic union Fiscal union Customs and monetary union Economic and monetary union
Issues Intellectual property rights Smuggling Competition policy Government procurement Outsourcing Globalization Fair trade Trade justice Emissions trading Trade sanctions War Currency war Trade costs Trade war Trade and development
Lists Imports Exports Tariffs Largest consumer markets Leading trade partners
By country Trade mission Trading nation United States Argentina Pakistan Romania Vietnam India
Theory Comparative advantage Competitive advantage Heckscher–Ohlin model New trade theory Economic geography Intra-industry trade Gravity model of trade Ricardian trade theories Balassa–Samuelson effect Linder hypothesis Leontief paradox Lerner symmetry theorem Terms of trade
v t e

Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the South Asian Free Trade Area agreement and the China–Pakistan Free Trade Agreement. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of occasional droughts on its agricultural production have all contributed to variability in Pakistan's trade deficit. The trade deficit for the fiscal year 2013/14 is $7.743 billion, exports are $10.367 billion in July–November 2013 and imports are $18.110 billion.^[1]

Pakistan's exports continue to be dominated by men power export in the subcontinent,cotton textiles and apparel. Imports include petroleum and petroleum products, chemicals, fertilizer, capital goods, industrial raw materials, and consumer products.

On 12 December 2013, the European Union granted GSP Plus status to Pakistan^[2] until 2017, which enabled it to export 20% of its good with 0 tariff and 70 percent at preferential rates to the EU market. This status was given after the European Parliament passed the resolution by 406-186 votes.^[3]

Exports[edit]

Pakistan's exports for the year 2015-2016 stood at US$21 Billion and imports were at US$44.76 billion for the same period.^[4]

Pakistan's exports increased more than 100% from $7.5 billion in 1999 to stand at $18 billion in the financial year 2007–2008.^[5]^[6]

Pakistan exports rice, kinnows, mangoes, furniture, cotton fiber, cement, tiles, marble, textiles, clothing, leather goods, veterinary surgical supplies, sports goods (renowned for footballs/soccer balls), cutlery, surgical instruments, electrical appliances, software, carpets, rugs, ice cream, livestock meat, chicken, powdered milk, wheat, seafood (especially shrimp/prawns), vegetables, processed food items, Pakistani-assembled Suzukis (to Afghanistan and other countries), defense equipment (submarines, tanks, radars), salt, onyx, engineering goods, and many other items. Pakistan produces and exports cements to Asia and the Middle East. In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom.^[7] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion.^[8] As of April 2015, Pakistan's exports stand at US$29 billion.

List of trading partners[edit]

The following is a list of Pakistan's main trading partners as of JULY 2017.

Country	Percentage of imports	Percentage of exports	Percentage of total trade
China	31	11	16.9
EU	10.4	18.2	13.0
United Arab Emirates	12.1	8.5	10.9
Saudi Arabia	12.2	8.5	9.0
United States	3.7	13.6	6.7
Kuwait	6.3	0.07	4.4
India	4.07	1.67	3
Malaysia	9	0.9	2.9
Japan	3.6	1.6	2.9
Iran	3.4	1.8	2.9
Afghanistan	0.3	7.6	2.8
Singapore	4.1	0.3	2.8

Companies having business ties with Pakistan[edit]

The following is a list of companies that have business ties with Pakistan.

Zara
Johnson & Johnson
FedEx
HSBC
Vodafone
H&M
Porsche
Bosch
Nestle
Nissan
Cisco
BP
Pepsi
Allianz
Total
Siemens
UPS
Intel
Honda
Orange
Boeing
IKEA
Mitsubishi
Visa
Deloitte
YouTube
Nike
Oracle
Coca-Cola
Marlboro
Citibank
General Electric
PwC
Starbucks
IBM
Volkswagen
Huawei
Shell
McDonald's
Disney
BMW
Toyota
Mercedes-Benz
Walmart
Microsoft
Facebook
Samsung
Google
Amazon
Apple
Wells Fargo
Bank of America
Gazprom
Berkshire Hathaway
ExxonMobil
Bank of China
JPMorgan Chase
Agricultural Bank of China
Industrial and Commercial Bank of China
AT&T
China Construction Bank
PetroChina
Rosneft
Sinopec
Daimler AG
BNP Paribas
Verizon Communications
Petrobras
China Mobile
Chevron Corporation
Citigroup
AXA
Mitsubishi UFJ Financial Group
BHP
Procter & Gamble
Ford Motor Company
Goldman Sachs
Eni
Banco Santander
Sberbank of Russia
American International Group
Glencore
Alphabet Inc.
Uber
AB InBev
Maersk
Halliburton
Accenture
Emirates
Alibaba
BlackRock
McKinsey & Company
Twitter
Aimviva

References[edit]

^ http://in.reuters.com/article/2013/12/13/pakistan-trade-idINL4N0JA23Z20131213
^ Lone, Mahlia S. (30 December 2013). "Pakistan to Benefit From EU Trade Status". WWD. Retrieved 2 January 2014.
^ http://www.business-standard.com/article/news-ani/pak-gets-gsp-plus-status-till-2017-for-free-access-to-eu-market-113121300203_1.html
^ Arshad Hussain (July 16, 2016). "Total exports slide by 12.11% in 2015-16, imports by 2.32%". Retrieved October 3, 2017.
^ "Government of Pakistan. Statistics division federal bureau of statistics. Karachi. Summary June 2007" (PDF). June 2007. Archived from the original (PDF) on June 27, 2008. Retrieved July 4, 2011.
^ "Data: Board of Investment " Economic Pakistan". Economicpakistan.wordpress.com. 2008-02-18. Retrieved 2010-07-29.
^ "Pakistan to start cement export by August end" Archived August 21, 2007, at the Wayback Machine, Yahoo! News, August 3, 2007
^ http://www.freshplaza.com/news_detail.asp?id=66884

External links[edit]

Trade and Payments
SMB Marble
Pakistan Trade
"A statistical look into Pakistan's foreign friendships". The Express Tribune. 3 May 2015. Retrieved 4 May 2015.

[1] ttp://in.reuters.com/article/2013/12/13/pakistan-trade-idINL4N0JA23Z20131213

[Pakistan_to_Benefit_From_EU_Trade_Status-2] Lone, Mahlia S. (30 December 2013). "Pakistan to Benefit From EU Trade Status". WWD. Retrieved 2 January 2014.

[3] ttp://www.business-standard.com/article/news-ani/pak-gets-gsp-plus-status-till-2017-for-free-access-to-eu-market-113121300203_1.html

[4] Arshad Hussain (July 16, 2016). "Total exports slide by 12.11% in 2015-16, imports by 2.32%". Retrieved October 3, 2017.

[autogenerated2-5] "Government of Pakistan. Statistics division federal bureau of statistics. Karachi. Summary June 2007" (PDF). June 2007. Archived from the original (PDF) on June 27, 2008. Retrieved July 4, 2011.

[6] "Data: Board of Investment " Economic Pakistan". Economicpakistan.wordpress.com. 2008-02-18. Retrieved 2010-07-29.

[7] "Pakistan to start cement export by August end" Archived August 21, 2007, at the Wayback Machine, Yahoo! News, August 3, 2007

[8] ttp://www.freshplaza.com/news_detail.asp?id=66884