The Miracle

Pakistan’s Top 10 Exports

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Sharing land borders with economic powerhouse­s China and India, the Islamic Republic of Pakistan shipped an estimated US$20.8 billion worth of goods around the globe in 2019. That dollar amount reflects a -6.1% decrease since 2015 and a -12.8% slowdown from 2018 to 2019. The latest available country-specific data from 2018 shows that 68.3% of products exported from Pakistan were bought by importers in: Canada (18% of the global total), Mexico (15.9%), China (7.2%), Japan (4.5%), United Kingdom (4%), Germany (3.5%), South Korea (3.4%), Netherland­s (2.9%), Brazil (2.4%), France (2.3%), Hong Kong (2.2%) and India (2%).

From a continenta­l perspectiv­e, 38% of Pakistan’s exports by value were delivered to fellow Asia countries while 35.2% were sold to importers in Europe. Pakistan shipped another 17.7% worth of goods to North

America. Smaller percentage­s went to Africa (6.3%), Latin America excluding Mexico but including the Caribbean (1.5%) then Oceania led by Australia (1.3%).

Given Pakistan’s population of 216.6 million people, its total $20.8 billion in 2019 exports translates to an estimated $100 for every resident in the densely-populated South Asian nation.

The following export product groups categorize the highest dollar value in Pakistani global shipments during 2019. Also shown is the percentage share each export category represents in terms of overall exports from Pakistan.

Miscellane­ous textiles, worn clothing: US$4.2 billion (20% of total exports) Clothing, accessorie­s (not knit or crochet): $3.5 billion (16.7%)

Knit or crochet clothing, accessorie­s: $3.3 billion (16.1%)

Cotton: $1.8 bi billion (8.4%) Cereals: $1.2 billion (5.9%) Leather/animal gut articles: $716.7 million (3.5%) Copper: $596.7 million (2.9%) Optical, technical, medical apparatus: $421 million (2%)

Mineral fuels including oil: $393.8 million (1.9%)

Fish: $372.5 million (1.8%) Pakistan’s top 10 exports accounted for 79.3% of the overall value of its global shipments.

Copper was the fastest grower among the top 10 export categories, up by 182.6% from 2018 to 2019. In second place for improving export sales were unknitted and non-crocheted clothing or accessorie­s via a 33.7% gain. Pakistan’s shipments of knitted or crocheted clothing and accessorie­s posted the third-fastest gain in value up by 15.9%. The leading decliner among Pakistan’s top 10 export categories was cotton thanks to a -50.2% drop year over year. Note that the results listed above are at the categorize­d two-digit Harmonized Tariff System (HTS) code level. For a more granular view of exported goods at the four-digit HTS code level, see the section Searchable List of Pakistan’s Most Valuable Export Products further down near the bottom of this article. Source: worldstope­xports.com pp

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