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GERMANY - Pakistan Trade

GERMANY - Pakistan Trade. UK WAS PAKISTAN’S THIRD LARGEST EXPORT DESTINATION IN 2018. GERMANY WAS THE SECOND LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018. The EU is Pakistan’s largest export market representing 34% of exports

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GERMANY - Pakistan Trade

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  1. GERMANY - Pakistan Trade

  2. UK WAS PAKISTAN’S THIRD LARGEST EXPORT DESTINATION IN 2018

  3. GERMANY WAS THE SECOND LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • Germany accounted for 16% of total EU exports from Pakistan in 2018.

  4. GERMANY RANKS NO. 11 IN PAKISTAN’S IMPORT SOURCES

  5. WITHIN THE EU, GERMANY WAS THE FIRST HIGHEST 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. • Germany accounts for 24% of Pakistan’s imports from the EU and 2% of total imports from the world.

  6. PAKISTAN Germany TradeTrends • Bilateral trade increased from US$ 2,285 Mn in 2014 to US$ 2,609 Mn in 2018 i.e. by 14.2% in five years • Pakistan’s exports to Germany rose by 8% during this period, thanks to 14% growth in 2014, post GSP+ • Meanwhile, Germany’s exports to Pakistan rose by 21.4%during the last five years. • The trade balance in 2018 has gone down from USD145 Mn to USD 12 Mn in favor of Germany.

  7. PAKISTAN’S TOP 10 EXPORTS TO Germany

  8. PAKISTAN’S TOP 10 IMPORTS FROM GERMANY

  9. TRADE COMPLIMENTARITY* * Trade complementarity is the ability of each country to satisfy the other’s import needs from its existing export pool

  10. Pakistan’s Theoretical Potential* for Additional Exports to the Germany, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2.6 Bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Germany’s imports, ignoring competitiveness and tariffs

  11. Pakistan’s Theoretical Potential* for Additional Imports from the Germany, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $10.6 BN *Theoretical potential from switching imports from existing sources to Germany exporters, ignoring competitiveness and tariffs

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