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Lithuania - Pakistan Trade. LITHUANIA WAS PAKISTAN’S 63RD LARGEST EXPORT DESTINATION IN 2018. LITHUANIA WAS THE SIXTEENTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018. The EU is Pakistan’s largest export market representing 34% of exports
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LITHUANIA WAS PAKISTAN’S 63RD LARGEST EXPORT DESTINATION IN 2018
LITHUANIA WAS THE SIXTEENTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • Lithuania accounted for 0.51% of total EU exports from Pakistan in 2018.
WITHIN THE EU, LITHUANIA WAS THE 23RD HIGHEST EXPORTER TO PAKISTAN IN 2018 • EU is Pakistan’s 3rd largest import partner after China and UAE. • Imports from the EU stood at $5.46 billion in 2018. • Lithuania accounts for 0.11% of Pakistan’s imports from the EU and 0.01% of total imports from the world.
PAKISTAN LITHUANIA TradeTrends • Bilateral trade decreased from US$ 53.5 Mn in 2014 to US$ 46.65Mn in 2018 i.e. by 12.8% in five years • Pakistan’s exports to Lithuania fell by 15.2% during this period. • Meanwhile, Lithuania’s exports to Pakistan increased slightly by 7.9%during the last five years. • The trade balance in 2018 has decreased from 2014 from $42.7 Mn to $35 Mn
Pakistan’s Theoretical Potential* for Additional Exports to Lithuania, 2018 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $ 0.9 bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Lithuania’s imports, ignoring competitiveness and tariffs
Pakistan’s Theoretical Potential* for Additional Imports from Lithuania, 2018 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $6 bn *Theoretical potential from switching imports from existing sources to Lithuania exporters, ignoring competitiveness and tariffs