Importing from Pakistan

Pakistan Import Guide | Trade Finance Global

Importing from Pakistan

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).

Pakistan Country Profile

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

Pakistan Exports Profile

Exports ($m USD)

21,878

Number of Export Products

2,792

Number of Export Partners

194

Top 5 export partners

Counrty

Trade

% Partner Share

United States

3,56

16.27

United Kingdom

1,635

7.47

China

1,508

6.89

Afghanistan

1,39

6.35

Germany

1,286

5.88

Top 5 Export Products at HS 6 digit level

Export Product

Number

Semi-milled or wholly milled rice

14.3%

Men's or boys' ensembles of cotton

9.1%

Uncombed single cotton yarn, with >=85% cotton,

8.0%

Bed linen of cotton (excl. printed, knitted or

5.6%

Toilet linen and kitchen linen, of terry fabric

4.3%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Pakistan

Agriculture

%

Product List

25.2%

Cotton, wheat, rice, sugarcane, fruits, vegetables; milk, beef, mutton, eggs

Industry

%

Industry List

19.2%

Textiles and apparel, food processing, pharmaceuticals, construction materials, paper products, fertilizer, shrimp

Services

%

Services List

55.6%

Government services Transportation Other business services Computer and information services Communications services Travel Insurance services Financial services Construction services Cultural and recreational services Royalties and license fees

Importing from Pakistan: What is trade finance?

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%).

Information

Importing from Pakistan? Contact our local experts

Pakistan Economic Statistics

Government Website

https://www.pakistan.gov. pk/

Sovereign Ratings

https://countryeconomy. com/ratings/pakistan

Central Bank

State Bank of Pakistan

Currency USD Exchange Rate

103768

Unemployment Rate

6.1%

Population below poverty line

29.5%

Inflation Rate

2.9%

Prime Lending Rate

5.75%

GDP

$298.1 billion

GDP Pro Capita (PPP)

$5,100

Currency Name

Pakistani Rupee

Currency Code

PKR

World Bank Classification

Lower Middle Income

Competitive Industrial Performance

122/138

Corruption Perceptions Index

117/180

Ease of Doing Business

136/190

Enabling Trade Index

122/136

Currency in Pakistan

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