Pakistan Trade Portal Defense technology i.e. I am a social activist and educationist. Regional trade has proven to be a key tool in economic development and competitiveness in various regions of the world, however trade amongst the countries of South Asia has traditionally remained low. During the last 25 years the exports of Pakistan to Saudi Arabia have increased at an annualized rate of 5.19%, from $146M in 1995 to $516M in 2020. Data are in current U.S. dollars. Pakistan and the United States signed a Trade and Investment Framework Agreement (TIFA) in 2003, which provides a forum for discussion of bilateral trade issues. For India NTM's in Chapter A and B are not covered. Buying and selling are essential for any country to develop its economy and maintain good relations with other nations. The PBCs research-based advocacy supports measures which improve Pakistani industrys regional and global competitiveness. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. This site contains PDF documents. Animal meat, vegetables, and other food products. Internally, the Federal Board of Revenue (FBR) reported Rs.4,732 billion ($28.33 billion) in tax collections, 18 percent higher over the previous fiscal year. Here Saudi Arabia becomes a trading partner of Pakistan. Though, these states merit bilateral attention to resolve basic intellectual property problems. Make an appointment Discover our packages Let's figure out how we can improve your Trade! Pakistan among 20 trading partners placed on US 'watch list' Trade between Pakistan and Iran is very limited. Pakistan Trade Partners - Home - facebook.com The Islamic Republic of Pakistan (Pakistan) shares land borders with 4 countries; Afghanistan, China, India and Iran. Tanning, dyeing products, derivatives, pigments, etc. The time has come for a review of the implementation of the 2006 Trade Agreement between Pakistan and China. While sugar, petroleum products, wheat and rice are the top exports to Afghanistan, Pakistan imports grapes, apples, coal and cotton from Afghanistan. Source for a percentage of exports and imports: Economic Survey of Pakistan 2008-9, Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Afghanistan Major Trade Partners - Countryaah.com The United States and Pakistan have a strong economic and commercial relationship, with two-way trade reaching approximately $6.81 billion in 2020. Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. That is, most products are imported from these countries to Pakistan. View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Top trading partners (import sources) of Pakistan in 2020: China with a share of 27% (12.4 billion US$) United Arab Emirates with a share of 9.77% (4.47 billion US$) USA with a share of 5.64% (2.58 billion US$) Indonesia with a share of 5.25% (2.4 billion US$) In 2020, Pakistan was the EU's 42 nd largest trading partner in goods accounting for 0.3% of EU trade. We work closely with Pakistan on a wide array of issues ranging from energy, trade and investment, health, clean energy and combating the climate crisis, to Afghanistan stabilization and counterterrorism. Below is a list showcasing 25 of Pakistan's major trading partners, countries that imported the most Pakistani shipments by dollar value during 2021. Machinery i.e. Trading partners are those countries with whom a country does foreign trade. During the last 25 years the exports of China to Pakistan have increased at an annualized rate of 13.5%, from $616M in 1995 to $14.7B in 2020. Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The trade surplus with two. For example, Pakistan exports (a) textiles products, (b) sports goods, surgical instruments, carpets (c) leather and leather products (d) Fish and Fish products. 2) The data may not reflect the full numeric precision of the data point, as the numbers are rounded. The Islamic Republic of Pakistan (Pakistan) shares land borders with 4 countries; Afghanistan, China, India and Iran. 2022 Pakistan Trade House. Latest Data Pakistan Exports China Exports Official websites use .gov Afghanistan registered trade surplus with Pakistan Pakistan imports from United Arab Emirates worth US$ 8,669 million, with a partner share of 14.41 percent. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. On the imports side, the top 20 high potential import items from India were worth $7.0 billion. Both nations need to improve trade facilitation through streamlined payments . Since Afghanistans reported trade figures are incomplete, for the purpose of this report, mirror data has been used for calculating Afghanistans trade numbers. Zara Johnson & Johnson FedEx HSBC Vodafone H&M Porsche Bosch Nestle Nissan Serena Hotels Cisco BP Pepsi Allianz Total Siemens UPS Intel Honda For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Pakistan trade balance, exports and imports by country Moreover, Pakistans position in the international market and the issue of trade deficit faced over the years will be briefly discussed. The United States is one of Pakistan's largest trading partners and continues to be one of the leading sources of foreign direct investment. Exports from the United States to Pakistan reached $2.91 billion in 2020, a 10 percent increase over $2.64 billion in 2019. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. Pakistan is among 20 trading partners which have been placed on the 'watch list' of the US government. In other words, the countries with whom a country does exports and imports are called its trading partners. Pakistan has a Free Trade Agreement with China and is also integrated under the China-Pakistan Economic Corridor (CPEC). Pakistan's Trade with its Regional Partners: India, Iran & Afghanistan | Pakistan Business Council 021-35630528-29 021-35630530 Regional trading blocs have helped their respective member states to become competitive and contributed greatly to their economic development. HS Nomenclature used HS 1988/92 (H0) HS Code 390730: Epoxide resins; in primary forms Please note: Exports is gross exports and Imports is gross imports Changs, IHOP, D&B, Eli Lilly, Excelerate Energy, Enercon and Caterpillar among many other U.S companies. Pakistans primary exports to India include dates and cement. The second lists top trade partners of Afghanistan regarding import total (buying). The values shown are midyear estimates. The potential for trade between the two countries is immense with the top 20 high potential export items for Pakistan having a potential of $1.9 billion. Ambassador, Maciej Pisarski, conveyed his pleasure towards growing the trade volume between the two countries as Poland had become Pakistan's 7th largest trading partner in the EU and it's in FY- 2021-22 total bilateral trade reached around USD 506.6 million. U.S. Relations With Pakistan - United States Department of State For example, Pakistan imports mineral oil from Saudi Arabia and exports meat to it. Here Saudi Arabia becomes a trading partner of Pakistan. Defense equipment and machinery i.e. On the external front, Pakistan is facing a substantial trade deficit and balance of payments issues. Among Taiwan's trading partners that generate the greatest positive trade balances, Taiwanese surpluses with Belgium (up 197.9%), Vietnam (up 56.2%) and the United States of America (up 46.9%) grew at the fastest pace from 2020 to 2021. Due to limited exports both in terms of quality and quantity coupled with ever-increasing imports, the country has been facing the issue of a trade deficit from day one. Pakistan export import trade data from global bills of lading - Volza A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Facing a Foreign Trade AD/CVD or Safeguard Investigation? See also Pakistan's Top Trading Partners, Pakistan's Top 10 Imports and Top Asian Export Countries Research Sources: Central Intelligence Agency, The World Factbook Country Profiles. crude); preparation, Petroleum oils and oils obtained from bituminou, Palm oil (excl. Like other global economies, Pakistan is facing an economic slowdown due to the global pandemic. Pakistan needs to seek more quid pro quo from China. As of 2018, India had a trade deficit of $185.0 billion with exports amounting to $323.0 billion and imports clocking in at $508.0 billion, a historic high. Please check the, Latest trade data available from various sources, The data from various sources are not from the same year, For viewing trade, tariff data for country or region by year click here, Top 5 Products exports imports at HS 6 digit level, Overall Trade Restrictiveness Index (OTRI), Services Service Policy Restrictive Database (SPRD), Country Policy and Institutional Assessment (CPIA), GNI per capita, Atlas method (current US$). Pakistan does not play a major role in the international market in terms of exports. During 2020, Pakistan had a large net trade with United States in the exports of Textiles ($3.18B), Animal Hides ($142M), and Miscellaneous ($123M). These countries, however, merit . 1 TRADE SUMMARY FOR Pakistan 2020 Overall Exports and Imports Trade Indicator Service Indicators 2020 Pakistan top 5 Export and Import partners Pakistan Exports and Imports of Product Groups Top 5 Products exports imports at HS 6 digit level Tariff and Trade Barriers for Pakistan Tariffs 2020 Overall Trade Restrictiveness Index (OTRI) 2009 OTRI Pakistans share is less than one percent of total global exports. The United States is one of Pakistans largest trading partners and continues to be one of the leading sources of foreign direct investment. The most recent TIFA intercessional meeting was held in Islamabad in May 2019. Pakistan borders 4 countries; these include Afghanistan, China, India and Iran. Bed linen of cotton (excl. Number of distinct NTM measures in effect in a country in a particular year. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. By increasing the exports of manufactured and value-added products, a better position in global trade can be secured. Pakistani trade with Russia and Ukraine also decreased mainly due to the Ukraine war. The Future of Afghanistan-Pakistan Trade Relations submarines, jet fighters, and their spare parts. U.S. exports to Pakistan reached $2.92 billion in 2018, a 4.3 percent increase over $2.80 billion in 2017. Afghanistans total imports in 2018 amounted to $5.67 billion while exports were worth $1.08 billion leading to a trade deficit of $4.59 billion. Pakistan (PAK) Exports, Imports, and Trade Partners | OEC Pakistans trade with its non-Chinese regional partners has historically been below its optimal level. The Pakistan Business Council (PBC) is a private sector not-for-profit advocacy platform set up in 2005 by 14 (now 81) of Pakistans largest businesses. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. The United States was Pakistans largest export market in 2020 at $3.9 billion, a 0.5 percent decrease from the previous year. Number of countries from which a particular country imports data in any given year. Cereals and man-made staple and cotton fibers. Also shown is each import country's percentage of total Pakistani exports. Your email address will not be published. Pakistan Trade Partners, Peshawar, Pakistan. Pakistan Trade House - Trusted Business Channel Partners Achieve more for your business with us! Pakistan - Trade Barriers | export.gov Pakistan Trade Statistics. Economies are ranked on their ease of doing business, from 1189. 20 likes. Tariffs can be based on the Applied tariffs, which takes into account the bilateral trade preferences, The ad valorem equivalent of NTB were estimated by Kee, Nicita and Olarreaga (EJ, 2009), The OTRI captures the trade policy distortions that each country imposes on its import bundle. Open for Applications, Swiss Government Excellence Scholarships 2023-2024 | Study in Switzerland, Top Scholarships in Europe 2023-2024 | For the International Students, Language And Literature Development Under Akbar, Contribution of Mughals in Promotion of Literature, Mughal Policy of Religious Toleration and Integration. Total Import/Export Value in thousands of US Dollars current value. Pakistan - Trade Agreements | export.gov The United States and Pakistan have a strong economic and commercial relationship, with two-way trade reaching approximately $6.81 billion in 2020. Higher customer satisfaction through EI training, Delivery Order Received & Product Dispatched, Introduction to Retailers, Distributers & SMES, Custom Reporting Channel for best results. For example, of the 11 original crops for which AMS was computed for 1986-88, eligible production was assumed to be . Pakistan-Saudi Arabia In 2020, Pakistan exported $516M to Saudi Arabia.The main products that Pakistan exported to Saudi Arabia are Rice ($97.1M), Bovine Meat ($37.9M), and Awnings, Tents, and Sails ($24.6M). In addition, Taiwan went from a -$436 million deficit in 2020 to garnering a $1.5 billion surplus for 2021. Total number of products exported by a country at the Harmonized System six digit level in any given year. Pakistan Trade House - Trusted Business Channel Partners It measures the uniform tariff equivalent of the country tariff and non-tariff barriers (NTB) that would generate the same level of import value for the country in a given year. As an import dependent economy, Pakistan is presently facing severe challenges, ranging from balance of payments, currency depreciation, to trade deficits stemming from high commodity prices in the international markets and supply chain disruptions. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. Pakistan Trade House is a company specialized in exporting, importing, and third-country trading in goods and services produced or provided by other parties and which provide related services to these activities. In other words, the countries with whom a country does exports and imports are called its trading partners. AGRICULTURE, TRADE AND FOOD: COUNTRY CASE STUDIES - Volume II Main Trading Partners of Pakistan - Content Generate These account for more than 15%, 2.16 %, 2.13%, and 0.41% in the world market respectively. In addition, there is a negative list of various products that is banned, mostly on religious, environmental, security, and health grounds. On the import side, the top 20 items had an import potential of $7.2 billion. Pakistan (PAK) and China (CHN) Trade | OEC - The Observatory of The United States was Pakistan's largest export market in 2018 at $3.71 billion, a 3.9 percent increase over the previous year. This page is created to inform you about Pakistan trades However, several policy reforms, coupled with assistance from multilateral financial institutions such as the IMF and a growth in exports have helped Pakistans GDP growth rate reach 3.94 percent, surpassing the 2.1 percent target during the last fiscal year. As of 2018, the untapped export potential for Pakistan to Afghanistan for its top 20 products was $354.0 million while the import potential for Pakistan from Afghanistan for the top 20 potential imports amounted to $56.0 million. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. The following is a list of Pakistan's main trading partners as of JULY 2017. While sugar, petroleum products, wheat and rice are the top exports to Afghanistan, Pakistan imports grapes, apples, coal and cotton from Afghanistan. Goods exports totaled $2.6 billion; goods imports totaled $3.9 billion. Doing business in Pakistan: Pakistan trade and export guide ABC and ABF members pay direct and indirect taxes annually, contributing significantly to the national treasury. On the other hand, Pakistan imports cotton, cotton yarn and industrial chemicals & dyes from India. A lock ( Trading partners are those countries with whom a country does foreign trade. Pakistan | United States Trade Representative Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country. Pakistan - Market Overview - International Trade Administration 1293, Shahrah-e-Faisal, Karachi 75200 Pakistan. Pakistan's Exports to Major Destinations Fell During 1QFY23 Pakistan is currently our 56th largest goods trading partner with $6.6 billion in total (two way) goods trade during 2019. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Licensing Requirements for Professional Services. For more information click, Number of products at HS 6 digit level that are affected in a particular year. Pakistan's 2016 Import Policy Order bans the import of 43 categories of products, mostly on religious, environmental, security, and health grounds. LPI Score demonstrate comparative performancethe dimensions show on a scale (lowest score to highest score) from 1 to 5 relevant to the possible comparison groupsof all countries (world), region and income group. The U.S. goods trade deficit with Pakistan was $1.3 billion in 2019. The trade surplus for Iran in 2018 was $25.6 billion. In dollar terms 3, product-specific AMS levels have fallen sharply.For example, the level in 1996/97 was only 11 percent that of 1986-88, and 22 percent in 1997/98. Pakistan's 2020 Import Policy Order continues bans on goods from India and Israel. printed, knitted or, Toilet linen and kitchen linen, of terry fabric, Petroleum oils, etc, (excl. Number of countries to whom a particular country exports data in any given year. The first table below shows top trading partners of Pakistan in terms of export sales (selling), including United States, United Arab Emirates, and United Kingdom. In this article, the concept of trading partners will be unpacked. Required fields are marked *. Afghanistan is a significant trading partner of Pakistan; however, the trade volumes between the two have been on a decline since 2011. A .gov website belongs to an official government organization in the United States. Pakistan Trade Summary 2018 | WITS | Text Pakistan's Trade with its Regional Partners: India, Iran & Afghanistan automobiles, ships, boats, etc. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. Last Published: 7/10/2019. As of 2018, Pakistan had an export potential of $1.6 billion for just the top 20 high potential items. Do you have competitive product (s) / service (s)? The most recent TIFA intercessional meeting was held in May 2019. International Trade Administration Hirschman Herfindahl index is a measure of the dispersion of trade value across an exporters partners. Nuclear plants, hydroelectric power plants, etc.
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