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.
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.
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.
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).
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.
*The tariffs applied to imports for Pakistan are:136: Most Favoured Nation duty rate treatement184: Preferential tariff for China241: Preferential tariff for Indonesia242: Preferential tariff for Iran265: Preferential tariff for Malaysia267: Preferential tariff for Mauritius304: Preferential tariff for Sri Lanka366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)
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.
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.
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.
Pakistan
