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International Trade of Pakistan

Foreign Trade of Pakistan

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Pakistan has 6th largest population in the world but, in export, import, ease of doing business index has not important place. For international trade of Pakistan, we try to show current datas.

When we are searching country foreign trades, firstly ease of doing business index (Pakistan 147/190 countries 2017) and CIA country Report is very important.

Exports: $21.94 billion (2017 est.) $21.97 billion (2016 est.) Country comparison to the world: 70*
Exports – commodities:textiles (garments, bed linen, cotton cloth, yarn), rice, leather goods, sporting goods, chemicals, manufactures, surgical instruments, carpets and rugs*
Exports – partners:US 17.7%, UK 7.7%, China 6%, Germany 5.8%, Afghanistan 5.2%, UAE 4.5%, Spain 4.1% (2017)*
Imports:$48.51 billion (2017 est.) $41.26 billion (2016 est.) Country comparison to the world: 52*
Imports – commodities:petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel, tea.*
Imports – partners: China 27.4%, UAE 13.7%, US 4.9%, Indonesia 4.3%, Saudi Arabia 4.2% (2017).*
Debt – external: $75.66 billion (31 December 2017 est.) $70.45 billion (31 December 2016 est.)
country comparison to the world: 57*
Internet users: total: 31,338,715 percent of population: 15.5% (July 2016 est.)
country comparison to the world: 24*

When we compare country export and external dept, there is a huge gap.  With over 200 million population and 60 million work force, Pakistan is important market.

To make attactiveness of its market for foreign investers, Pakistan should firstly solve ease of doing business index. Ease of doing business index includes many subtitles for investers.

According to WITS (World Integrated Trade Solution) 2016 results Pakistan exported to 202 destinations and Turkey is in 27th biggest import destination. Pakistan imported from 226 destinations in 2016. Turkey is 39th biggest exporter to Pakistan.

*Economy datas from CIA Country Profile.

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