Flag Pakistan

Econ Complexity (2018): -0.73, Rank 104 of 137

Product Exports (2018): $26.7B, Rank 69 of 222

Exports Per Capita (2018): $126, Rank 104 of 219

Product Imports (2018): $61.5B, Rank 49 of 221

Imports Per Capita (2018): $290, Rank 107 of 219

Service Exports (2018): $5.3B, Rank 41 of 88

Service Imports (2018): $10.3B, Rank 33 of 88

GDP (2018): $315B, CURRENT US$
Rank 39 of 196

GDP growth (2008 - 2018): 85%, CURRENT US$
Rank 44 of 196

GDP PC (2018): $1,482, CURRENT US$
Rank 163 of 196

GDP PC GROWTH (2008 - 2018): 49.6%, CURRENT US$
Rank 45 of 196

Overview: In 2018 Pakistan was the number 39 economy in the world in terms of GDP (current US$), the number 69 in total exports, the number 49 in total imports, and the number 104 most complex economy according to the Economic Complexity Index (ECI). In 2018, Pakistan exported $26.7B and imported $61.5B, resulting in a negative trade balance of -$34.8B. In 2018, Pakistan's exports per capita were $126 and its imports per capita were $290.

Trade: The top exports of Pakistan are House Linens ($3.5B), Rice ($1.98B), Non-Knit Men's Suits ($1.62B), Non-Retail Pure Cotton Yarn ($1.25B), and Heavy Pure Woven Cotton ($989M). The top imports of Pakistan are Refined Petroleum ($5.76B), Crude Petroleum ($4.16B), Petroleum Gas ($3.28B), Palm Oil ($1.98B), and Scrap Iron ($1.41B).

Destinations: Pakistan exports mostly to United States ($3.52B), China ($1.95B), Germany ($1.78B), Afghanistan ($1.67B), and United Kingdom ($1.62B), and imports mostly from China ($16.3B), United Arab Emirates ($7.6B), Saudi Arabia ($3B), United States ($2.75B), and Indonesia ($2.47B).

Location: Pakistan borders Afghanistan, China, India, and Iran by land and Oman by sea.

Product Exports

#permalink to section
Value
Depth

Top Export (2018): House Linens, $3.5B

Top Destination (2018): United States, $3.52B

In 2018 Pakistan exported a total of $26.7B, making it the number 69 exporter in the world. During the last five reported years the exports of Pakistan have changed by -$1.73B from $28.4B in 2013 to $26.7B in 2018.

The most recent exports are led by House Linens ($3.5B), Rice ($1.98B), Non-Knit Men's Suits ($1.62B), Non-Retail Pure Cotton Yarn ($1.25B), and Heavy Pure Woven Cotton ($989M). The most common destination for the exports of Pakistan are United States ($3.52B), China ($1.95B), Germany ($1.78B), Afghanistan ($1.67B), and United Kingdom ($1.62B).

Explore Visualizations

Product Imports

#permalink to section
Value
Depth

Top Import (2018): Refined Petroleum, $5.76B

Top Origin (2018): China, $16.3B

In 2018 Pakistan imported $61.5B, making it the number 49 trade destination in the world. During the last five reported years the imports of Pakistan changed by $16.3B from $45.2B in 2013 to $61.5B in 2018.

The most recent imports of Pakistan are led by Refined Petroleum ($5.76B), Crude Petroleum ($4.16B), Petroleum Gas ($3.28B), Palm Oil ($1.98B), and Scrap Iron ($1.41B). The most common import partners for Pakistan are China ($16.3B), United Arab Emirates ($7.6B), Saudi Arabia ($3B), United States ($2.75B), and Indonesia ($2.47B).

Explore Visualizations

Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Pakistan Exports Services (2018): $5.3B

Pakistan Imports Services (2018): $10.3B

In 2018, Pakistan exported $5.3B worth of services. The top services exported by Pakistan in 2018 were Other business services ($1.51B), Government services, n.i.e. ($1.24B), Computer and information services ($1.08B), Transportation ($842M), and Personal travel ($386M).

The top services imported by Pakistan in 2018 were Transportation ($3.79B), Other business services ($2.85B), Personal travel ($1.74B), Government services, n.i.e. ($708M), and Computer and information services ($453M).

Trade Forecasts

#permalink to section

This section shows forecasts for total product exports and imports for Pakistan. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Tariffs by Product

#permalink to section

The top product import tariffs by their MFN Ad Valorem value for Pakistan are Large Diesel Engine Cars (100%) and Large Sized Cars (100%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

Explore Tariff Data

*The tariffs applied to imports for Pakistan are:
136: Most Favoured Nation duty rate treatement
184: Preferential tariff for China
241: Preferential tariff for Indonesia
242: Preferential tariff for Iran
265: Preferential tariff for Malaysia
267: Preferential tariff for Mauritius
304: Preferential tariff for Sri Lanka
366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)

Economic Complexity

#permalink to section

Economic Complexity Ranking

#permalink to section
Scale

During the last 20 years Pakistan's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨91st to the 104th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

Most Specialized Products by RCA Index

#permalink to section

Pakistan has a high level of specialization in House Linens (119), Other Cotton Fabrics (107), Heavy Pure Woven Cotton (96.1), Tanned Goat Hides (74.7), and Cotton Waste (74.5). Specialization is measured using RCA, an index that takes the ratio between Pakistan observed and expected exports in each product.

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Pakistan according to the product complexity index (PCI) are Synthetic organic colouring matter (1.14), Binoculars, monoculars, telescopes, etc (0.97), Polyacetals, polyethers, polycarbonates, etc, primary (0.95), Knives and blades for hand use (0.91), and Textile fabric treated for theatrical backdrops, etc (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Pakistan according to the relatedness index, are Non-Knit Men's Shirts (0.29), Non-Knit Women's Shirts (0.29), Dried Legumes (0.28), Processed Crustaceans (0.28), and Other Ores (0.28). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Pakistan is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

#permalink to section
Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.