Pakistan2019 Economic Complexity : -0.59, Rank 100 of 146
2019 Product Exports | Imports: $26.6B | $52.8B, 67 of 225 | 49 of 225
2019 Per Capita Product Exports | Imports: $123 | $244, 190 of 219 | 195 of 219
2018 Service Exports | Imports : $5.3B | $10.3B, 41 of 88 | 33 of 88
Overview: In 2019 Pakistan was the number 42 economy in the world in terms of GDP (current US$), the number 67 in total exports, the number 49 in total imports, the number 159 economy in terms of GDP per capita (current US$) and the number 100 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Pakistan are House Linens ($3.52B), Rice ($2.25B), Non-Knit Men's Suits ($1.71B), Non-Retail Pure Cotton Yarn ($992M), and Non-Knit Women's Suits ($951M), exporting mostly to United States ($3.82B), China ($2.06B), Germany ($1.78B), United Kingdom ($1.63B), and Afghanistan ($1.18B).
Imports: The top imports of Pakistan are Refined Petroleum ($4.7B), Crude Petroleum ($3.29B), Petroleum Gas ($3.24B), Palm Oil ($1.66B), and Scrap Iron ($1.43B), importing mostly from China ($14.7B), United Arab Emirates ($5.93B), United States ($2.59B), Saudi Arabia ($2.23B), and Indonesia ($2.08B).
In 2019, Pakistan was the world's biggest importer of Tea ($601M) and Metallic Yarn ($48.6M)
Location: Pakistan borders Afghanistan, China, India, and Iran by land and Oman by sea.
Top Export (2019): House Linens, $3.52B
Top Destination (2019): United States, $3.82B
In 2019, Pakistan exported a total of $26.6B, making it the number 67 exporter in the world. During the last five reported years the exports of Pakistan have changed by -$1.78B from $28.4B in 2014 to $26.6B in 2019.
The most recent exports are led by House Linens ($3.52B), Rice ($2.25B), Non-Knit Men's Suits ($1.71B), Non-Retail Pure Cotton Yarn ($992M), and Non-Knit Women's Suits ($951M). The most common destination for the exports of Pakistan are United States ($3.82B), China ($2.06B), Germany ($1.78B), United Kingdom ($1.63B), and Afghanistan ($1.18B).
Top Import (2019): Refined Petroleum, $4.7B
Top Origin (2019): China, $14.7B
In 2019 Pakistan imported $52.8B, making it the number 49 trade destination in the world. During the last five reported years the imports of Pakistan changed by $833M from $52B in 2014 to $52.8B in 2019.
The most recent imports of Pakistan are led by Refined Petroleum ($4.7B), Crude Petroleum ($3.29B), Petroleum Gas ($3.24B), Palm Oil ($1.66B), and Scrap Iron ($1.43B). The most common import partners for Pakistan are China ($14.7B), United Arab Emirates ($5.93B), United States ($2.59B), Saudi Arabia ($2.23B), and Indonesia ($2.08B).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
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).
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.
*The tariffs applied to imports for Pakistan are:
Pakistan has a high level of specialization in House Linens (121), Heavy Pure Woven Cotton (99.4), Other Cotton Fabrics (89), Light Synthetic Cotton Fabrics (75.7), and Tanned Goat Hides (72.7). Specialization is measured using RCA, an index that takes the ratio between Pakistan observed and expected exports in each product.
The highest complexity exports of Pakistan according to the product complexity index (PCI) are Knives and blades for hand use (1.11), Polymers of styrene, in primary forms (0.95), Synthetic organic colouring matter (0.79), Polyacetals, polyethers, polycarbonates, etc, primary (0.77), and Instruments etc for medical, surgical, dental, etc use (0.73). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Pakistan according to the relatedness index, are Insect Resins (0.29), Non-Knit Men's Shirts (0.29), Coconuts, Brazil Nuts, and Cashews (0.28), Non-Knit Women's Shirts (0.28), and Gold (0.27). 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.
During the last 20 years Pakistan's economy has become relatively less complex, moving from the 89th to the 100th 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.
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