Pakistan2020 Economic Complexity : -0.71, Rank 93 of 127
2020 Product Exports | Imports: $25.5B | $50.5B, 65 of 226 | 49 of 226
2020 Per Capita Product Exports | Imports: $116 | $229, 193 of 219 | 197 of 219
2019 Service Exports | Imports : $5.77B | $9.79B, 65 of 108 | 54 of 108
Overview In 2020, Pakistan was the number 41 economy in the world in terms of GDP (current US$), the number 65 in total exports, the number 49 in total imports, the number 172 economy in terms of GDP per capita (current US$) and the number 93 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Pakistan are House Linens ($3.61B), Rice ($2.14B), Non-Knit Men's Suits ($1.8B), Non-Knit Women's Suits ($1.06B), and Knit Sweaters ($950M), exporting mostly to United States ($4.04B), Germany ($2.13B), China ($1.97B), United Kingdom ($1.73B), and United Arab Emirates ($1.09B).
Imports The top imports of Pakistan are Refined Petroleum ($3.87B), Petroleum Gas ($2.24B), Palm Oil ($2.15B), Crude Petroleum ($1.92B), and Raw Cotton ($1.68B), importing mostly from China ($14.7B), United Arab Emirates ($5.34B), United States ($2.78B), Indonesia ($2.43B), and Saudi Arabia ($1.8B).
In 2020, Pakistan was the world's biggest importer of Tea ($646M), Scrap Nickel ($259M), Jute and Other Textile Fibers ($43.6M), and Metallic Yarn ($39.5M)
Location Pakistan borders Afghanistan, China, India, and Iran by land and Oman by sea.
The following section uses the most recent trade data from partners of Pakistan.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): House Linens, $3.61B
Top Destination (2020): United States, $14.7B
In 2020, Pakistan exported a total of $25.5B, making it the number 65 exporter in the world. During the last five reported years the exports of Pakistan have changed by -$1.42B from $27B in 2015 to $25.5B in 2020.
The most recent exports are led by House Linens ($3.61B), Rice ($2.14B), Non-Knit Men's Suits ($1.8B), Non-Knit Women's Suits ($1.06B), and Knit Sweaters ($950M). The most common destination for the exports of Pakistan are United States ($4.04B), Germany ($2.13B), China ($1.97B), United Kingdom ($1.73B), and United Arab Emirates ($1.09B).
Pakistan Exports Services (2019): $5.77B
Pakistan Imports Services (2019): $9.79B
In 2019, Pakistan exported $5.77B worth of services. The top services exported by Pakistan in 2019 were Other business services ($1.47B), Computer and information services ($1.29B), Government services, n.i.e. ($1.21B), Transportation ($854M), and Personal travel ($492M).
The top services imported by Pakistan in 2019 were Transportation ($3.55B), Other business services ($2.54B), Personal travel ($1.63B), Construction services ($501M), and Computer and information services ($426M).
Pakistan has a high level of specialization in House Linens (126), Heavy Pure Woven Cotton (98.1), Light Mixed Woven Cotton (77.1), Light Synthetic Cotton Fabrics (76.3), and Other Cotton Fabrics (76.1). 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 (1.1), Hand Tools (0.92), Polyacetals (0.74), Medical Instruments (0.74), and Styrene Polymers (0.7). 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 (0.3), Non-Knit Women's Shirts (0.29), Pepper (0.28), Nutmeg, mace and cardamons (0.28), and Locust beans, seaweed, sugar beet, cane, for food (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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 20 years Pakistan's economy has become relatively less complex, moving from the 84th to the 93rd 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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb