Crude Petroleum in Pakistan 2020 Exports | Imports : $73.4M | $1.92B, World Rnk 71 / 132 Rnk 53 / 1102 | World Rnk 35 / 145 Rnk 4 / 1182
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $192k | $76.1M, Papua New Guinea | Kuwait
2020 ECONOMIC COMPLEXITY of Pakistan: -0.71, Rnk 93 / 127
2020 PRODUCT COMPLEXITY IN Crude Petroleum: -2.2, Rnk 1018 / 1029
Exports In 2020, Pakistan exported $73.4M in Crude Petroleum, making it the 71st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 53rd most exported product in Pakistan. The main destination of Crude Petroleum exports from Pakistan are: United Arab Emirates ($32.4M), Singapore ($21.8M), Malaysia ($19M), and Papua New Guinea ($192k).
The fastest growing export markets for Crude Petroleum of Pakistan between 2019 and 2020 were Papua New Guinea ($192k).
Imports In 2020, Pakistan imported $1.92B in Crude Petroleum, becoming the 35th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Pakistan. Pakistan imports Crude Petroleum primarily from: United Arab Emirates ($1.04B), Saudi Arabia ($696M), Kuwait ($76.1M), South Korea ($55.9M), and Oman ($24.8M).
The fastest growing import markets in Crude Petroleum for Pakistan between 2019 and 2020 were Kuwait ($76.1M), South Korea ($55.9M), and Oman ($24.8M).
Tariffs In 2018, the average tariff for Pakistan in Crude Petroleum was 2.97%. The countries with the highest import tariffs for Crude Petroleum were Angola (Most Favoured Nation duty rate treatement, 3%), Burundi (Most Favoured Nation duty rate treatement, 3%), Benin (Most Favoured Nation duty rate treatement, 3%), Burkina Faso (Most Favoured Nation duty rate treatement, 3%), and Botswana (Most Favoured Nation duty rate treatement, 3%).
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2020): $73.4M
IMPORTS (2020): $1.92B
NET TRADE (2020): -$1.85B
In 2020, Pakistan exported $73.4M in Crude Petroleum. The main destinations of Pakistan exports on Crude Petroleum were United Arab Emirates ($32.4M), Singapore ($21.8M), Malaysia ($19M), and Papua New Guinea ($192k).
In 2020, Pakistan imported $1.92B in Crude Petroleum, mainly from United Arab Emirates ($1.04B), Saudi Arabia ($696M), Kuwait ($76.1M), South Korea ($55.9M), and Oman ($24.8M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Pakistan WERE (2019 - 2020):: Papua New Guinea, $192k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Pakistan WERE (2019 - 2020):
In 2020, Pakistan's main exporting competitors in Crude Petroleum were:
In 2020, Pakistan's main importing competitors in Crude Petroleum were:
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