Trade Trend

In 2023, Pakistan's total export value is 28.71Billion USD, total import value is 50.11Billion USD, Deficit is -21.40Billion USD, and foreign trade dependency is 0.233. In 2023，Pakistan's top export products are Bed linen, table linen, toilet linen and kitchen linen(3.86Billion USD), Rice(2.86Billion USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(2.59Billion USD), top export destinations are United States(5.00Billion USD), China(2.73Billion USD), United Kingdom(1.97Billion USD). In 2023, Pakistan's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(6.49Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(4.78Billion USD), Petroleum gases and other gaseous hydrocarbons(4.33Billion USD), top import origins are China(11.70Billion USD), United Arab Emirates(4.82Billion USD), Saudi Arabia(4.45Billion USD).

Comparing to 2022, Pakistan's total export value decreased -2.27Billion USD(-7.32%) in 2023, this could result from its export decreases of products such as Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(-561.50Million USD or -17.80%), Bed linen, table linen, toilet linen and kitchen linen(-470.42Million USD or -10.86%), Jerseys, pullovers, cardigans, waistcoats and similar articles; knitted or crocheted(-272.48Million USD or -28.82%) and export decreases to countries/economics such as United States(-1.25Billion USD or -19.99%), Netherlands(-348.68Million USD or -19.42%), Germany(-237.31Million USD or -13.53%). Comparing to 2022, Pakistan's total import value decreased -20.63Billion USD(-29.16%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-4.53Billion USD or -41.11%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-1.37Billion USD or -62.50%), Petroleum oils and oils obtained from bituminous minerals; crude(-1.18Billion USD or -19.78%), and its import decreases from countries/economies such as China(-4.71Billion USD or -28.68%), United Arab Emirates(-3.05Billion USD or -38.76%), United States(-1.47Billion USD or -46.60%).

Cumulated to first 7 months of 2024, Pakistan's total export value is 9.57Billion USD, total import value is 16.28Billion USD, and tradedeficit is -6.71Billion USD. Cumulated to first 7 months of 2024, Pakistan's top export products are Bed linen, table linen, toilet linen and kitchen linen(1.43Billion USD), Rice(729.69Million USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(708.91Million USD), and top export destinations are United States(2.10Billion USD), China(1.12Billion USD), Germany(849.62Million USD). Cumulated to first 7 months of 2024, Pakistan's top import products are Bed linen, table linen, toilet linen and kitchen linen(1.43Billion USD), Rice(729.69Million USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(708.91Million USD), and top import origins areChina(8.33Billion USD), Indonesia(1.04Billion USD), United States(891.42Million USD).