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BELGIUM - Pakistan Trade

BELGIUM - Pakistan Trade. BELGIUM WAS PAKISTAN’S ELEVENTH LARGEST EXPORT DESTINATION IN 2018. BELGIUM WAS THE SIXTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018. The EU is Pakistan’s largest export market representing 34% of exports

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BELGIUM - Pakistan Trade

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  1. BELGIUM - Pakistan Trade

  2. BELGIUM WAS PAKISTAN’S ELEVENTH LARGEST EXPORT DESTINATION IN 2018

  3. BELGIUM WAS THE SIXTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • Belgium accounted for 8% of total EU exports from Pakistan in 2018.

  4. BELGIUM RANKS NO. 35 IN PAKISTAN’S IMPORT SOURCES

  5. WITHIN THE EU, BELGIUM WAS THE SIXTH 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. • Belgium accounts for 6% of Pakistan’s imports from the EU and 0.5% of total imports from the world.

  6. PAKISTAN Belgium TradeTrends • Bilateral trade increased from US$ 882 mn in 2014 to US$ 979 mn in 2018 i.e. by 11% in five years • Pakistan’s exports to Belgium fell by 1.2% during this period. • Meanwhile, Belgium’s exports to Pakistan rose by 40%during the last five years. • The trade balance in 2018 has decreased to $354 Mn in favor of Belgium.

  7. PAKISTAN’S TOP 10 EXPORTS TO BELGIUM

  8. PAKISTAN’S TOP 10 IMPORTS FROM Belgium

  9. TRADE COMPLIMENTARITY* * Trade complementarity is the ability of each country to satisfy the other’s import needs from its existing export pool

  10. Pakistan’s Theoretical Potential* for Additional Exports to Belgium, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2.3 Bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Belgium’s imports, ignoring competitiveness and tariffs

  11. Pakistan’s Theoretical Potential* for Additional Imports from Belgium, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $11.5 BN *Theoretical potential from switching imports from existing sources to Belgium exporters, ignoring competitiveness and tariffs

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