Although Pakistan possesses unexploited oil and gas resources, its failure to explore and utilize such natural resources made the country highly-reliable on imported oil and petroleum products to meet the energy demands of the nation. It has been forecasted that Pakistan’s oil imports would increase from US $13.22 billion from the initial US $10.09 in the past year.
Pakistan’s import products are made up of petroleum and petroleum products, plastics, transportation equipment, paper and paperboard to name a few. All in all, the total value of these imports could reach US $32.71 billion. The country’s major importing partners would include China which items made up 15.35% of total imports, Saudi Arabia (10.5%), the United Arab Emirates (10%) and the United States (approximately 5%).
|Official Name (Local Language)||Jamhuryat Islami Pakistan||Capital||Islamabad||Population||201,995,540||Currency||Pakistani Rupee||GDP||$298.1 billion||Languages||English; Punjabi; Urdu||Telephone Dial In||92|
% Partner share
United Arab Emirates
Petroleum oils, etc, (excl. crude); preparation
Petroleum oils and oils obtained from bituminou
Palm oil (excl. crude) and liquid fractions
Natural gas, liquefied
Transmission apparatus, for radioteleph incorpo
Cotton, wheat, rice, sugarcane, fruits, vegetables; milk, beef, mutton, eggs
Textiles and apparel, food processing, pharmaceuticals, construction materials, paper products, fertilizer, shrimp
Transportation Other business services Travel Government services Computer and information services Insurance services Royalties and license fees Financial services Communications services Construction services Cultural and recreational services
The Economic Complexity Index (ECI) considers Pakistan’s economy as the 70th largest in the world and 89th in terms of complexity. The country’s total export value could reach US $20.29 billion.
Pakistan heavily exports textiles such as house linens ($2.7 billion), non-retail pure cotton yarn ($2.4 billion), and heavy pure woven cotton ($1.2 billion), food such as rice ($2.1 billion) and leather goods and manufactures.
Such commodities are exported to various countries such as the United States ($3.59 billion), China ($3.2 billion) Afghanistan ($2.3 billion) and the United Arab Emirates ($1.8 billion).
State Bank of Pakistan
Lower Middle Income