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Explore the trade relationship between Pakistan and Luxembourg, including export and import statistics, bilateral trade trends, and the theoretical potential for additional exports and imports.
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LUXEMBOURG RANKED NO. 162 AS PAKISTAN’S EXPORT DESTINATION IN 2018
LUXEMBOURG WAS THE SMALLEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • Luxembourg accounted for 0.003% of total EU exports from Pakistan in 2018.
WITHIN THE EU, LUXEMBOURG WAS THE 22ND HIGHEST EXPORTER TO PAKISTAN IN 2018 • EU is Pakistan’s 3rd largest import partner after China and UAE. • Imports from the EU stood at $5.46 billion in 2018. • Luxembourg accounts for 0.13%% of Pakistan’s imports from the EU and 0.01% of total imports from the world.
PAKISTAN LUXEMBOURG TradeTrends • Bilateral trade decreased from US$ 14.07 Mn in 2014 to US$ 7.5 Mn in 2018 i.e. by 46.7% in five years • Pakistan’s exports to Luxembourg declined by 51% during this period. • Meanwhile, Luxembourg's exports to Pakistan fell by 46.6%during the last five years. • The trade deficit in 2018 has decreased from 2014 from $13.2 Mn to $7.1 Mn
Pakistan’s Theoretical Potential* for Additional Exports to Luxembourg, 2018 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $0.7 bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Luxembourg’s imports, ignoring competitiveness and tariffs
Pakistan’s Theoretical Potential* for Additional Imports from Luxembourg, 2018 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $1.4 bn *Theoretical potential from switching imports from existing sources to Luxembourg exporters, ignoring competitiveness and tariffs