2023
Exports
$2.79BWorld Rnk 41 / 214
Flag Rnk 2 / 1129
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$6.47BWorld Rnk 37 / 226
Flag Rnk 2 / 1174
2023
ECONOMIC COMPLEXITY of Pakistan
-0.55Rnk 89 / 132

About

Exports In 2023, Pakistan exported $2.79B in Refined Petroleum, making it the 41st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Pakistan. The main destination of Refined Petroleum exports from Pakistan are: United Arab Emirates ($2.57B), Singapore ($93.1M), China ($78.5M), United States ($27.1M), and Italy ($12.8M).

The fastest growing export markets for Refined Petroleum of Pakistan between 2022 and 2023 were United Arab Emirates ($905M), Singapore ($86M), and China ($51.9M).

Imports In 2023, Pakistan imported $6.47B in Refined Petroleum, becoming the 37th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Pakistan. Pakistan imports Refined Petroleum primarily from: United Arab Emirates ($2.72B), Kuwait ($1.49B), Singapore ($792M), Oman ($463M), and China ($343M).

The fastest growing import markets in Refined Petroleum for Pakistan between 2022 and 2023 were Singapore ($323M), Iran ($99.4M), and Belgium ($51M).

COMPANIES In 2024, leading companies such as ASOS (1) and Reebok (1) were at the forefront of shipping Refined Petroleum from Pakistan to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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

Trade Balance

Color
EXPORTS (2023)$2.79B
IMPORTS (2023)$6.47B
NET TRADE (2023)-$3.68B

In 2023, Pakistan exported $2.79B in Refined Petroleum. The main destinations of Pakistan exports on Refined Petroleum were United Arab Emirates ($2.57B), Singapore ($93.1M), China ($78.5M), United States ($27.1M), and Italy ($12.8M).

In 2023, Pakistan imported $6.47B in Refined Petroleum, mainly from United Arab Emirates ($2.72B), Kuwait ($1.49B), Singapore ($792M), Oman ($463M), and China ($343M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Pakistan WERE (2022 - 2023):
Singapore$86M (1.21k%)
China$51.9M (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Pakistan WERE (2022 - 2023):
South Korea-$228M (-100%)
Chinese Taipei-$182M (-96.3%)
Japan-$47.6M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Pakistan's main exporting competitors in Refined Petroleum were:
In 2023, Pakistan's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $98.3M
TOP IMPORT POTENTIALChina+ $831M

Refined Petroleum’s highest export potential is South Korea. With an export gap of $98.3M.   Refined Petroleum’s highest import potential is China with an import gap of $831M.

See methodology.

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