Country Profile
Pakistan is the world’s fifth-most populous country, with a population of almost 242 million. Pakistan is the 33rd-largest country by area, spanning 881,913 square kilo meters (340,509 square miles). It has a 1,046-kilometre (650-mile) coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by India to the east, Afghanistan to the west, Iran to the southwest, and China to the northeast. It is separated narrowly from Tajikistan by Afghanistan’s Wakhan Corridor in the north, and shares a maritime border with Oman.
Pakistan Trade in a Snapshot
Pakistan is the thirty third largest country in terms of area and fifth-most populous with a population of over 220 million. According to the World Bank’s statistics, Pakistan is among Asia’s five fastest emerging economies. Karachi remains country’s main trade and economic hub but with the ongoing development of another port city Gwadar and regional connectivity ushered in by China-Pakistan Economic Corridor (CPEC), a major impetus to country’s international trade and economic activity is expected. Pakistan’s major commodity exports are textiles, leather, sporting goods, rice, and chemicals. Pakistan’s major imports are petroleum related products, machinery, transport equipment, agricultural, chemicals and food.
Exports
Pakistan Top 10 Exports (Approx. USD Trade Value in 2021)
- Miscellaneous textiles, worn clothing: US$5.5 billion
- Knit or crochet clothing, accessories: $4.5 billion
- Cotton: $3.4 billion
- Clothing, accessories (not knit or crochet): $3.4 billion
- Cereals: $2.3 billion
- Copper: $818.3 million
- Leather/animal gut articles: $697.6 million
- Fruits, nuts: $492.9 million
- Salt, Sulphur, stone, cement: $484.7 million
- Optical, technical, medical apparatus: $437 million
Imports
Pakistan Top 10 Imports (Approx. USD Trade Value in 2021)
- Mineral fuels including oil: -US$19.2 billion
- Electrical machinery, equipment: -$5.9 billion
- Machinery including computers: -$5.8 billion
- Iron, steel: -$4.5 billion
- Animal/vegetable fats, oils, waxes: -$3.53 billion
- Pharmaceuticals: -$3.52 billion
- Vehicles: -$3.3 billion
- Organic chemicals: -$3 billion
- Plastics, plastic articles: -$2.6 billion
- Oil seeds: -$1.7 billion