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Explore the evolving trade dynamics between Pakistan and France, with insights on exports, imports, trade balance, and potential growth areas for bilateral trade. Learn about key export and import products driving trade complementarity.
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FRANCE WAS PAKISTAN’S 12TH LARGEST EXPORT DESTINATION IN 2018
FRANCE WAS THE 7TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • France accounted for 6% of total EU exports from Pakistan in 2018.
WITHIN THE EU, FRANCE WAS THE FIFTH HIGHEST EXPORTER TO PAKISTAN IN 2018 • EU is Pakistan’s 3rd largest import partner after China and UAE. • Imports from the EU stood at $5.46 billion in 2018. • France accounts for 8% of Pakistan’s imports from the EU and 1% of total imports from the world.
PAKISTAN FRANCE TradeTrends • Bilateral trade increased from US$ 829 Mn in 2014 to US$ 904 Mn in 2018 i.e. by 9% in five years • Pakistan’s exports to France rose by 4% during this period, thanks to 14% growth in 2014, post GSP+ • Meanwhile, France’s exports to Pakistan rose by 15%during the last five years. • The trade balance in 2018 is of US$ 11 Mn in favor of France.
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 France, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2.5 Bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet France’s imports, ignoring competitiveness and tariffs
Pakistan’s Theoretical Potential* for Additional Imports from the France, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $11.4 BN *Theoretical potential from switching imports from existing sources to France exporters, ignoring competitiveness and tariffs