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%).
Pakistan: Exports Profile
| $30 billion|
|Textiles ($13, 653 million), Vegetable Products ($3, 094 million), Mineral ($1, 698 million), Leather ($1, 237 million), Food and Beverages ($956 million), Animal Farming ($756 million), Manufactured Items ($571 million), Metals ($531 million), Plastic ($505 million), Chemical ($489 million),|
|United States 13.3%, China 10.9%, United Arab Emirates 8.6%, Afghanistan 8.5%, Germany 5.1%|