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Slovakia - Pakistan Trade. SLOVAKIA RANKED NO. 114 AS PAKISTAN’S EXPORT DESTINATION IN 2018. SLOVAKIA WAS THE THIRD SMALLEST EXPORT DESTINATION WITHIN THE EU IN 2018. The EU is Pakistan’s largest export market representing 34% of exports
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SLOVAKIA RANKED NO. 114 AS PAKISTAN’S EXPORT DESTINATION IN 2018
SLOVAKIA WAS THE THIRD SMALLEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • Slovakia accounted for 0.07% of total EU exports from Pakistan in 2018.
WITHIN THE EU, SLOVAKIA WAS THE TWENTIETH HIGHEST EXPORTER TO PAKISTAN IN 2018 • EU is Pakistan’s 3rd largest import partner after China and UAE. • Imports from the EU stood at $5.46 billion in 2018. • Slovakia accounts for 0.3% of Pakistan’s imports from the EU and 0.03% of total imports from the world.
PAKISTAN SLOVAKIA TradeTrends • Bilateral trade decreased from US$ 56.23 Mn in 2014 to US$ 21.34 Mn in 2018 i.e. by 62% in five years • Pakistan’s exports to Slovakia rose by 56.9% during this period. • Meanwhile, Slovakia’s exports to Pakistan decreased by 70%during these five years. • The trade deficit has decreased during the last five years, from $49.17 Mn in 2014 to around $10.26 Mn in 2018.
Pakistan’s Theoretical Potential* for Additional Exports to Slovakia, 2018 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential is $0.4 bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Slovakia’s imports, ignoring competitiveness and tariffs
Pakistan’s Theoretical Potential* for Additional Imports from Slovakia, 2018 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $4.7 bn *Theoretical potential from switching imports from existing sources to Slovakia exporters, ignoring competitiveness and tariffs