1. austriA - Pakistan Trade

2. AUSTRIA WAS PAKISTAN’S 94th LARGEST EXPORT DESTINATION IN 2018
RANK
COUNTRY
EXPORT VALUE (US$)
% SHARE IN TOTAL EXPORTS
World
23,630,893,000 1
United States of America
3,802,500,000
16% 2
China
1,818,069,000 8% 3
United Kingdom
1,728,637,000 7% 4
Afghanistan
1,347,934,000 6% 5
Germany
1,310,444,000 6
United Arab Emirates
983,575,000 4% 7
Netherlands
942,802,000 8
Spain
922,898,000 9
Bangladesh
783,825,000 3% 94
Austria
15,056,000
0.06%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. AUSTRIA WAS THE 23rd LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Austria accounted for 0.19% of total EU exports from Pakistan in 2018.
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

4. AUSTRIA RANKS NO. 38 IN PAKISTAN’S IMPORT SOURCES
COUNTRY
IMPORT VALUE (US$)
% SHARE IN TOTAL EXPORTS
World
60,162,862,000 1
China
14,544,687,000
24% 2
United Arab Emirates
8,668,637,000
14% 3
Saudi Arabia
3,242,349,000 5% 4
United States of America
2,946,715,000 5
Indonesia
2,502,372,000 4% 6
Qatar
2,386,183,000 7
Japan
2,273,024,000 8
India
1,928,465,000 3% 9
Thailand
1,430,727,000 2% 38
Austria
185,693,000
0.3%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, AUSTRIA WAS THE NINTH 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.
Austria accounts for 3.4% of Pakistan’s imports from the EU and 0.3% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN AUSTRIA Trade Trends
Bilateral trade increased from US$ 137 mn in 2014 to US$ 201 bn in 2018 i.e. by 47% in five years
Pakistan’s exports to Austria fell by 25% during this period.
Meanwhile, Austria’s exports to Pakistan rose by 59% during the last five years.
The trade balance in 2018 is down to c.$171 mn in Austria’s favor.

7. PAKISTAN’S TOP 10 EXPORTS TO AUSTRIA
HS CODE
PRODUCT
Export Value 2016 US$
Export Value 2017 US$
Export Value 2018 US$
570110
Carpets and other textile floor coverings, of wool or fine animal hair, knotted, whether or ...
1,999,000
1,468,000
2,126,000
411310
Leather further prepared after tanning or crusting "incl. parchment-dressed leather", of goats ...
1,744,000
1,482,000
1,408,000
411390
Leather further prepared after tanning or crusting "incl. parchment-dressed leather", of antelopes, ...
1,314,000
1,334,000
1,322,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
1,043,000
990,000
785,000
420310
Articles of apparel, of leather or composition leather (excluding clothing accessories, footware ...
716,000
784,000
692,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
451,000
409,000
591,000
420329
Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves)
296,000
507,000
589,000
610590
Men's or boys' shirts of textile materials, knitted or crocheted (excluding of cotton or man-made ...
133,000
450,000
539,000
620339
Men's or boys' jackets and blazers of textile materials (excluding of wool, fine animal hair, ...
433,000
429,000
537,000
840790
Spark-ignition reciprocating or rotary internal combustion piston engine (excluding those for ... -
381,000

8. PAKISTAN’S TOP 10 IMPORTS FROM AUSTRIA
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
550490
Artificial staple fibres, not carded, combed or otherwise processed for spinning (excluding ...
30,089,000
42,557,000
53,000,000
850220
Generating sets with spark-ignition internal combustion piston engine
4,326,000
18,708,000
20,361,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
1,534,000
2,211,000
13,977,000
850239
Generating sets (excluding wind-powered and powered by spark-ignition internal combustion piston ...
405,000
390,000
12,990,000
860400
Railway or tramway maintenance or service vehicles, whether or not self-propelled, e.g., workshops, ...
5,346,000
1,291,000
7,315,000
550410
Staple fibres of viscose rayon, not carded, combed or otherwise processed for spinning
2,244,000
3,421,000
3,997,000
220210
Waters, incl. mineral and aerated, with added sugar, sweetener or flavour, for direct consumption ...
3,187,000
3,630,000
3,301,000
844319
Printing machinery used for printing by means of plates, cylinders and other printing components ...
862,000
1,137,000
3,142,000
847720
Extruders for working rubber or plastics -
619,000
2,966,000
440729
Tropical wood specified in Subheading Note 1 to this chapter, sawn or chipped lengthwise, sliced ...
3,240,000
3,923,000
2,721,000

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

10. ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Exports to the Austria, 2017
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2 Bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
785,000
372,397,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
591,000
348,398,000
270900
Petroleum oils and oils obtained from bituminous minerals, crude -
262,067,000
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
97,000
242,606,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
235,930,000
610990
T-shirts, singlets and other vests of textile materials, knitted or crocheted (excluding cotton)
26,000
157,237,000
390761
Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g
131,665,000
611595
Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied ...
103,068,000
620462
Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ...
32,000
100,275,000
610510
Men's or boys' shirts of cotton, knitted or crocheted (excluding nightshirts, T-shirts, singlets ...
58,000
90,539,000
8 of the 10 high potential exports already benefit from 0% tariffs under GSP+. The two products that don’t are rice and sugar which are unlikely to receive preferential treatment even under an FTA
*Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Austria’s imports,
ignoring competitiveness and tariffs

11. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from Austria, 2017
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $7.5 BN
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271111
Natural gas, liquefied -
3,295,892,000
851712
Telephones for cellular networks "mobile telephones" or for other wireless networks
5,000
833,069,000
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ...
688,370,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
615,395,000
890800
Vessels and other floating structures for breaking up
515,542,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
13,977,000
418,819,000
390210
Polypropylene, in primary forms
1,000
327,245,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
169,000
310,585,000
390120
Polyethylene with a specific gravity of >= 0,94, in primary forms
298,870,000
847130
Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a ...
2,000
286,171,000
In the high potential imports of Pakistan from the UK, most products already face tariffs similar to those faced by Pakistan’s FTA partners
*Theoretical potential from switching imports from existing sources to Austria exporters, ignoring competitiveness and
tariffs