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This report highlights the significant trade relations between the United Kingdom and Pakistan. It examines the export and import trends, with the UK being Pakistan's third-largest export destination and second-highest exporter in 2018. The report also explores the trade complementarity and theoretical potential for additional exports and imports between the two countries.
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UK WAS THE SINGLE LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • The UK accounted for 22% of total EU exports from Pakistan in 2018.
WITHIN THE EU, UK WAS THE SECOND HIGHETS EXPORTER TO PAKISTAN IN 2018 • EU is Pakistan’s 3rd largest import partner after China and UAE. • Imports from the EU stood at $5.46 billion in 2018. • The UK accounts for 16% of Pakistan’s imports from the EU and 1.4% of total imports from the world.
TRADE COMPLIMENTARITY* * Trade complementarity is the ability of each country to satisfy the other’s import needs from its existing export pool
Pakistan’s Theoretical Potential* for Additional Exports to the UK, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2.3 Bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet UK’s imports, ignoring competitiveness and tariffs
Pakistan’s Theoretical Potential* for Additional Imports from the UK, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $4 BN *Theoretical potential from switching imports from existing sources to UK exporters, ignoring competitiveness and tariffs