HS Icon Refined Petroleum in  Flag Pakistan

2020
Exports | Imports
: $150M | $3.87B, World Rnk 87 / 212
Flag Rnk 32 / 1102 | World Rnk 30 / 224
Flag Rnk 1 / 1182

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $21.2M | $141M, United Arab Emirates |  China

2020
ECONOMIC COMPLEXITY of Pakistan
: -0.71, Rnk 93 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Pakistan exported $150M in Refined Petroleum, making it the 87th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 32nd most exported product in Pakistan. The main destination of Refined Petroleum exports from Pakistan are: South Korea ($42M), United Arab Emirates ($38.6M), Chinese Taipei ($23.1M), Japan ($16.6M), and Malaysia ($12.4M).

The fastest growing export markets for Refined Petroleum of Pakistan between 2019 and 2020 were United Arab Emirates ($21.2M), Chinese Taipei ($10.4M), and Japan ($9.19M).

Imports In 2020, Pakistan imported $3.87B in Refined Petroleum, becoming the 30th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Pakistan. Pakistan imports Refined Petroleum primarily from: United Arab Emirates ($2.21B), Kuwait ($419M), Oman ($255M), Singapore ($216M), and Netherlands ($193M).

The fastest growing import markets in Refined Petroleum for Pakistan between 2019 and 2020 were China ($141M), Saudi Arabia ($37.7M), and Panama ($29.2M).

Tariffs In 2019, the average tariff for Pakistan in Refined Petroleum was 11.2%. The countries with the highest import tariffs for Refined Petroleum were Malaysia (Most Favoured Nation duty rate treatement, 11.5%), Angola (Most Favoured Nation duty rate treatement, 11.4%), Burundi (Most Favoured Nation duty rate treatement, 11.4%), Benin (Most Favoured Nation duty rate treatement, 11.4%), and Burkina Faso (Most Favoured Nation duty rate treatement, 11.4%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $150M

IMPORTS (2020): $3.87B

NET TRADE (2020): -$3.72B

In 2020, Pakistan exported $150M in Refined Petroleum. The main destinations of Pakistan exports on Refined Petroleum were South Korea ($42M), United Arab Emirates ($38.6M), Chinese Taipei ($23.1M), Japan ($16.6M), and Malaysia ($12.4M).

In 2020, Pakistan imported $3.87B in Refined Petroleum, mainly from United Arab Emirates ($2.21B), Kuwait ($419M), Oman ($255M), Singapore ($216M), and Netherlands ($193M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Pakistan WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Pakistan WERE (2019 - 2020):

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Market Concentration

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In 2020, Pakistan's main exporting competitors in Refined Petroleum were:

In 2020, Pakistan's main importing competitors in Refined Petroleum were:

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