Today, Pakistan meets most of the requirements foreign investors are looking for. Despite the political issues, foreign investors are attracted to invest in Pakistan. And we hope Pakistan’s economy will get better in the future. Security concerns of the investors are improving gradually. Imports and exports of Pakistan play a big role in the country’s economy. It is made easy by the import and export service providers nowadays.
Let’s take our mind off negativity and discuss good things happening in Pakistan.’ China-Pakistan Economic Corridor‘ CEPC, a $46 billion investment program, is targeted to develop the energy sector and other infrastructure projects. CEPC creates many opportunities for both countries. The CEPC project also attracts foreign investors in Pakistan. CEPC will benefit a lot in the import and export of Pakistan.
Many foreign companies are investing in Pakistan. A few days back, Nissan Motor CO Ltd announced to start of producing its Datsun brand In Pakistan. Pakistan is a growth potential, its annual sale in 2017 of cars is 200,000. In 2016 the government introduced policies to promote growth in the automobile industry.
Also Read: How to Start Import Export Business with Dubai
Major Imports of Pakistan
Import is considered the backbone of international trade. If the import is higher than the export, then the trade balance is considered negative. The most important Pakistani imports also include electronics, machines, plastic, and clothes. Iron and steel products is another major import of Pakistan which is in high demand.
The top import destinations of Pakistan are China, Japan, USA, India, and Indonesia. Pakistan imports a number of goods from different countries that are:
Top 10 Pakistan Imports from China
- Electronic equipment
- Plastic
- Iron and steel
- Iron and steel products
- Machines, engines, and pumps
- Rubber
- Fertilizers
- Organic chemicals
- Manmade filaments
- Manmade staple fibers
Top 10 Pakistan Imports from Japan
- Vehicles
- Ships and boats
- Electronics
- Machines, engines, and pumps
- Iron and steel
- Iron or steel products
- Plastic
- Books, newspapers, pictures
- Organic chemical
- Medical and technical equipment
Top 10 Pakistan Imports from the US
- Cotton
- Electronic equipment
- Iron and steel
- Medical and technical equipment
- Other textiles and worn clothing
- Vehicles
- Machines, engines, and pumps
- Books, newspapers, and pictures
- Organic chemicals
- Other chemical goods
Top 10 Pakistan Imports from the UK
- Iron and steel
- Lead
- Electronics
- Machines, engines, and pumps
- Other chemical goods
- Organic chemicals
- Other textile and worn clothing
- Manmade staple fibers
- Books, newspapers, and pictures
- Medical and technical equipment
Also Read: What are the Procedure and Documentation for Export of Livestock
Top 10 Pakistan Imports from India
- Cotton
- Manmade staple fibers
- Food waste and animal fodder
- Tanning and dyeing extracts
- Organic chemicals
- Other chemical goods
- Plastics
- Vegetables
- Oilseed
- Coffee, tea, and spices
Top 10 Pakistan Imports from Indonesia
- Oil
- Animal/vegetable fats and oils
- Manmade staple fibers
- Fruits and nuts
- Coffee, tea, and spices
- Paper
- Rubber
- Other chemical goods
- Vehicles
- Wood pulp
Top 10 Pakistan Imports from Russia
- Iron and steel
- Fertilizers
- Vegetables
- Cereals
- Paper
- Rubber
- Copper
- Machines, engines, and pumps
- Organic chemicals
- Salt, sulfur, stone, and cement
Top 10 Pakistan Imports from Germany
- Tanning and dyeing extracts
- Pharmaceuticals
- Machines, engines, pumps
- Electronic equipment
- Organic chemicals
- Books, newspapers, and pictures
- Iron and steel
- Medical and technical equipment
- Other chemical goods
- Oil
Top 10 Pakistan Imports from Australia
- Oil
- Oilseed
- Animal/vegetable fats and oils
- Live animals
- Vegetables
- Fertilizers
- Paper
- Cotton
- Iron and steel
- Aluminum
Top 10 Pakistan Imports from Canada
- Vegetables
- Paper
- Wood
- Nickel
- Iron and steel
- Wood pulp
- Electronic equipment
- Machines, engines, and pumps
- Other textiles and worn clothing
- Medical and technical equipment
Also Read: Top 8 major imports from Turkey
Major Exports of Pakistan
Agriculture plays a vital role in the process of economic development of a country. Pakistan’s agriculture has more than 40% of the labor. Pakistan is one of the largest agriculture suppliers in the world. Almost half of the trade in agriculture is in livestock. According to the Food and agriculture organization, Pakistan is the fifth largest milk producer country.
Industries contribute a lot to the development of the country. Cotton textile and apparel production are the largest industries in Pakistan. Textile is a vast field, and Pakistan is good at it. Pakistan produces garments, sportswear, leather items, etc. Textile and apparel manufacturing add to most of the export earnings in Pakistan. Many other industries like cement, steel, sugar mill, fertilizer, and poultry play a role in the economy.
Top export destinations are China, Germany, UK, USA, and Afghanistan. Pakistan export 186 products around the world.
Top 10 Pakistan Exports to China
- Cotton
- Fish
- Cereals
- Salt, sulfur, stone, and cement
- Rawhides
- Ores, slag, ash
- Copper
- Plastics
- Food waste and animal fodder
- Gums and resins
Top 10 Pakistan Exports to Germany
- Clothing
- Knit or crochet clothing
- Other textiles and worn clothing
- Leather and animal gut articles
- Cotton
- Fruits and nuts
- Medical, technical equipment
- Toys and games
- Footwear
- Rawhides
Top 10 Pakistan Exports to the US
- Cotton
- Clothing
- Knit or crochet clothing
- Other textiles, worn clothing
- Textile floor coverings
- Leather and animal gut articles
- Gums, resins
- Plastics
- Furniture, lighting, signs
- Medical and technical equipment
Top 10 Pakistan Exports to the UK
- Other textiles and worn clothing
- Clothing
- Knit or crochet clothing
- Cotton
- Cereals
- Fruits and nuts
- Leather and animal gut articles
- Medical and technical equipment
- Toys and games
- Furniture, lighting, and signs
Top 10 Pakistan Exports to France
- Rawhides
- Clothing
- Other textiles and worn clothing
- Leather and animal gut articles
- Knit or crochet clothing
- Cotton
- Footwear
- Medical and technical equipment
- Textile floor coverings
- Cereals
Top 10 Pakistan Exports to Russia
- Cotton
- Fruits and nuts
- Cereals
- Vegetables
- Manmade staple fibers
- Leather and animal gut articles
- Knit or crochet clothing
- Other textiles, worn clothing
- Medical and technical equipment
- Toys and games
Top 10 Pakistan Exports to Italy
- Cotton
- Other textiles and worn clothing
- Knit or crochet clothing
- Rawhides
- Clothing
- Footwear
- Leather and animal gut articles
- Manmade staple fibers
- Salt, sulfur, stone, and cement
- Plastics
Top 10 Pakistan Exports to India
- Fruits and nuts
- Oil
- Oilseed
- Cotton
- Rawhides
- Sugar
- Copper
- Salt, sulfur, stone, and cement
- Inorganic chemicals
- Organic chemicals
Top 10 Pakistan Exports to Spain
- Clothing
- Cotton
- Rawhides
- Knit or crochet clothing
- Other textiles and worn clothing
- Sugar
- Cereals
- Toys and games
- Alcoholic beverages
- Leather and animal gut articles
Top 10 Pakistan Exports to Canada
- Cotton
- Other textiles and worn clothing
- Clothing
- Knit or crochet clothing
- Leather and animal gut articles
- Gums and resins
- Cereals
- Coffee, tea, and spices
- Fruits and nuts
- Toys, games
Top 10 Pakistan Exports to Brazil
- Cotton
- Clothing
- Other textiles and worn clothing
- Knit or crochet clothing
- Leather and animal gut articles
- Toys and games
- Medical and technical equipment
- Copper
- Plastic
- Base metal tools and cutlery
Top 10 Pakistan Exports to Australia
- Cotton
- Cereals
- Sugar
- Milling products
- Clothing
- Other textiles, worn clothing
- Leather and animal gut articles
- Knit or crochet clothing
- Medical and technical equipment
- Toys and games
Top 10 Pakistan Exports to the Netherlands
- Knit or crochet clothing
- Clothing
- Other textiles and worn clothing
- Cotton
- Leather and animal gut articles
- Sugar
- Toys and games
- Alcoholic beverages
- Copper
- Salt, sulfur, stone, and cement
Top 10 Pakistan Exports to South Korea
- Fish
- Cotton
- Rawhides
- Oilseed
- Copper
- Alcoholic beverages
- Salt, sulfur, stone, and cement
- Medical and technical equipment
- Toys and games
- Knit or crochet clothing
Also Read: How to Export Sugar and Gur from Pakistan
