Foreign trade of Pakistan

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Pakistani exports in 2005

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.

Pakistan's exports continue to be dominated by manpower export in the subcontinent, cotton textiles and apparel. Imports include petroleum and petroleum products, chemicals, fertilizer, capital goods, industrial raw materials, and consumer products.[1]

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[]

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[]

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[1] 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[]

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

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

See also[]

  • Economy of Pakistan

References[]

  1. ^ Jump up to: a b Asif Shahzad and Gibran Naiyyar Peshimam (1 April 2021). "Pakistan defers trade with India until Delhi reviews Kashmir's status, foreign minister says". Reuters news agency. Retrieved 31 May 2021.
  2. ^ Lone, Mahlia S. (30 December 2013). "Pakistan to Benefit From EU Trade Status". WWD. Retrieved 2 January 2014.
  3. ^ http://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.
  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. ^ http://www.freshplaza.com/news_detail.asp?id=66884

External links[]

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