Pakistan is a developing country located in South Asia. It has a population of over 220 million people and an economy that heavily relies on its imports and exports. Pakistan's strategic location, natural resources, and diversified culture have made it an attractive destination for trade and investment. In this article, we will discuss the top importers and exports of Pakistan.
Know about Pakistan Trade Data
Pakistan is a nation of merchandise. The country imported $58.08 billion worth of goods as of 2021, with crude oil representing the most valuable import in terms of trade value.
According to Pakistan Import Export Data, electrical gear, and equipment were also among Pakistan's top imports in 2021, with the country bringing in over $2.17 billion. China, the United Arab Emirates, Saudi Arabia, the United States, and Switzerland were Pakistan's top import trading partners.
Top Imports of Pakistan:
According to Pakistan Trade Data, Pakistan is an import-dependent country, and it relies heavily on imported goods to meet its domestic needs. The top imports of Pakistan are as follows:
Petroleum products are the largest imports of Pakistan. The country imports crude oil and refined petroleum products to meet its energy requirements. Pakistan's annual imports of petroleum products are worth billions of dollars.
Machinery is the second-largest import of Pakistan. The country imports machinery for industrial, agricultural, and construction purposes. Pakistan's imports of machinery are essential for the development of its infrastructure and industries. Also, get Pakistan Import Data
Electrical machinery is the third-largest import of Pakistan. The country imports electrical machinery for industrial, commercial, and residential purposes. Pakistan's imports of electrical machinery are crucial for the development of its energy sector.
Iron and Steel:
Iron and steel are essential raw materials for the construction industry. Pakistan imports iron and steel products to meet its domestic needs. The country's imports of iron and steel are worth millions of dollars annually.
Plastic is another essential import of Pakistan. The country imports plastic products for industrial, commercial, and household purposes. Pakistan's imports of plastic are worth millions of dollars annually.
Top Exports of Pakistan:
According to Pakistan Export Data, Pakistan is an agricultural country and has a diverse range of industries. The country's exports play a crucial role in the economy, and the top exports of Pakistan are as follows:
Textiles and Garments:
Textiles and garments are the most significant exports of Pakistan. The country has a thriving textile industry that exports a wide range of products, including cotton yarn, fabrics, and garments. Pakistan's textile exports are worth billions of dollars annually.
Leather and Leather Products:
Pakistan is known for its high-quality leather products. The country exports a wide range of leather products, including shoes, bags, and jackets. Pakistan's leather exports are worth millions of dollars annually.
Pakistan is a leading manufacturer of sports goods. The country exports a wide range of sports equipment, including cricket bats, footballs, and hockey sticks. Pakistan's sports goods exports are worth millions of dollars annually.
Chemicals and Pharmaceuticals:
Pakistan has a growing chemicals and pharmaceutical industry. The country exports a wide range of products, including medicines, chemicals, and fertilizers. Pakistan's exports of chemicals and pharmaceuticals are worth millions of dollars annually.
Pakistan is a major producer of rice. The country exports a wide range of rice varieties, including Basmati and IRRI. Pakistan's rice exports are worth millions of dollars annually.
In conclusion, Pakistan's imports and exports play a crucial role in its economy. The country heavily relies on imports to meet its domestic needs, while its exports contribute significantly to the economy. The top substances of Pakistan include petroleum products, machinery, electrical machinery, iron and steel, and plastic. The top exports of Pakistan include textiles and garments, leather and leather products, sports goods, chemicals and pharmaceuticals, and rice. Pakistan has a diversified economy, and its exports have the potential to further strengthen the economy in the future. Also, if you need any type of assistance regarding Pakistan Customs Data, Pakistan Shipment Data, and much more. Connect with EximPedia.app to book a free live demo today.