What Are the Key Highlights of Pakistan’s Import-Export Data for 2024–2025?
In the fiscal year 2024, Pakistan’s trade dynamics showcased significant shifts. The country exported goods worth $32.4 billion and imported goods totaling $56.5 billion, indicating a substantial trade deficit. This imbalance underscores the challenges Pakistan faces in balancing its trade.
How Has Pakistan’s Trade Balance Evolved Recently?
Pakistan’s trade deficit has been a persistent issue. In 2023, the trade deficit stood at $19.5 billion, with exports at $28.5 billion and imports at $50.5 billion. Efforts to diversify exports and reduce import dependency are ongoing to address this imbalance.
Who Are Pakistan’s Major Trading Partners?
Pakistan’s trade relationships have evolved over the years:
- Exports: In 2023, the United States was Pakistan’s leading export destination with 17.4% share, followed by China (9.5%), the UK (6.9%), Germany (5.3%), and the Netherlands (5%).
- Imports: China is the leading import source, contributing 23.4% of imports, followed by the United Arab Emirates (9.6%), Saudi Arabia (8.9%), Indonesia (7%), and Qatar (6.6%).
Notably, Pakistan’s trade dependence on China has increased since 2008, with China accounting for 20.7% of Pakistan’s exports and imports in 2024, up from 8.7% in 2008.
What Are the Primary Commodities in Pakistan’s Trade?
Exports:
- Textiles dominate, making up 54% of exports.
- Food products, including rice and other agricultural goods, account for nearly a quarter of exports.
- Other significant exports include leather goods and sports equipment.
Imports:
- Petroleum products are the largest import category.
- Other major imports include machinery, palm oil, and chemicals.
How Is Pakistan Leveraging Customs Data for Trade Facilitation?
Pakistan has implemented the Pakistan Single Window (PSW) initiative, aiming to digitize and streamline cross-border trade processes. This system allows traders to submit information through a single platform, reducing the need for multiple submissions to various agencies. By utilizing Pakistan Customs Data, businesses can access detailed insights into trade patterns, shipment details, and HS codes, facilitating informed decision-making.
What Is the Function of the Trade Development Authority of Pakistan (TDAP)?
The Trade Development Authority of Pakistan (TDAP) is instrumental in promoting and facilitating Pakistan’s international trade. Established in 2006, TDAP provides support to exporters, organizes trade exhibitions, and offers market intelligence to enhance Pakistan’s export potential.
How Can Businesses Access Pakistan’s Importers List and Shipment Data?
Businesses seeking to engage with Pakistani markets can utilize platforms that provide comprehensive Pakistan Shipment Data. These platforms offer access to the Pakistan Importers List, detailing active buyers, shipment records, and trade volumes. Such data is crucial for identifying potential partners and understanding market dynamics.
What Are the Recent Trends in Pakistan’s Trade with Neighboring Countries?
In July 2024, Pakistan’s exports to its nine neighboring countries increased by 23.85%, reaching a total of $464.75 million. However, imports from these countries surged by 51.66% to $1.506 billion, leading to a significant trade deficit. China was a major contributor to this increase, with imports rising by 53.63%.
How Are Geopolitical Factors Affecting Pakistan’s Trade?
Geopolitical tensions have impacted Pakistan’s trade relations. For instance, following a deadly attack in Kashmir in April 2025, India suspended trade ties with Pakistan, leading to disruptions in bilateral trade. Such events underscore the vulnerability of trade to geopolitical developments.
What Is the Outlook for Pakistan’s Trade in 2025?
The International Monetary Fund (IMF) projects a 3.8% growth in the volume of Pakistan’s exports of goods and services in 2025. Imports are expected to grow by 7.9% during the same period. To capitalize on this growth, Pakistan aims to diversify its export base, enhance trade facilitation measures, and strengthen economic ties with key partners.
Conclusion: How Can Stakeholders Navigate Pakistan’s Evolving Trade Landscape?
Pakistan’s trade environment in 2024–2025 presents both challenges and opportunities. By leveraging Pakistan Trade Data, businesses can gain valuable insights into market trends, identify potential partners through the Pakistan Importers List, and make informed decisions based on comprehensive Pakistan Shipment Data. Embracing digital initiatives like the Pakistan Single Window and engaging with institutions like TDAP can further facilitate trade activities. As Pakistan continues to navigate its trade dynamics, stakeholders equipped with accurate and timely data will be better positioned to succeed in this evolving landscape.
Frequently Asked Questions:
1. What is Pakistan’s current trade performance based on 2024–2025 data?
By 2024, Pakistan’s exports stood at $32.4 billion, while imports climbed to $56.5 billion, highlighting a considerable trade deficit. The country is working on reducing import dependency and expanding its export base to improve the trade balance in 2025.
2. How can I access reliable Pakistan Import Export Data and shipment records?
You can access detailed Pakistan Import Export Data, including shipment records, HS codes, and trade volumes, through platforms offering verified customs and shipment databases. These sources also provide Pakistan Importers List and buyer-supplier insights to help you identify market opportunities.
3. What are Pakistan’s major export and import commodities?
Pakistan primarily exports textiles, rice, leather products, and sports goods, while its key imports consist of petroleum products, machinery, palm oil, and chemicals. These commodities reflect the country’s industrial needs and global supply chain role.
4. Who are Pakistan’s top trading partners in 2024–2025?
Leading export destinations for Pakistan include the United States, China, the United Kingdom, and Germany, while major import sources are China, the UAE, Saudi Arabia, and Indonesia. Notably, Pakistan’s trade dependence on China continues to increase, with China accounting for over 20% of its trade.
5. How does Pakistan Customs Data benefit businesses and exporters?
Pakistan Customs Data provides critical trade insights by offering shipment details, HS codes, exporter-importer lists, and market trend analysis. Businesses use this data to track competitor activity, plan exports/imports, and connect with global buyers and suppliers efficiently.