1. IRELAND - Pakistan Trade

2. IRELAND WAS PAKISTAN’S 47TH 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% 47
Ireland
62,433,000
0.3%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. IRELAND WAS THE 14TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Ireland accounted for 0.8% 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. IRELAND RANKS NO. 52 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% 52
Ireland
85,928,000
0.1%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, IRELAND WAS THE 13TH 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.
Ireland accounts for 1.6% of Pakistan’s imports from the EU and 0.1% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN IRELAND Trade Trends
Bilateral trade increased from US$ 102 Mn in 2014 to US$ 148 Mn in 2018 i.e. by 45% in four years
Pakistan’s exports to Ireland rose by 17% during this period, thanks to 14% growth in 2014, post GSP+
Meanwhile, Ireland’s exports to Pakistan rose by 75% during the last four years.
The trade balance in 2018 is USD 23 Mn in favor of Ireland.

7. PAKISTAN’S TOP 10 EXPORTS TO IRELAND
HS CODE
DESCRIPTION
EXPORT VALUE 2016 (US$)
EXPORT VALUE 2017 (US$)
EXPORT VALUE 2018 (US$)
630239
Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ...
11,597,000
13,125,000
10,913,000
630260
Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ...
5,999,000
7,892,000
9,632,000
630210
Bedlinen, knitted or crocheted
4,437,000
4,576,000
6,295,000
630231
Bedlinen of cotton (excluding printed, knitted or crocheted)
4,125,000
4,572,000
5,078,000
620322
Men's or boys' ensembles of cotton (excluding knitted or crocheted, ski ensembles and swimwear)
1,203,000
1,923,000
3,927,000
611595
Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied ...
4,150,000
3,864,000
2,665,000
620462
Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ...
2,065,000
2,025,000
1,416,000
620349
Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials (excluding ...
854,000
1,694,000
1,011,000
630710
Floorcloths, dishcloths, dusters and similar cleaning cloths, of all types of textile materials
1,218,000
1,100,000
995,000
640399
Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ...
942,000
1,265,000
922,000

8. PAKISTAN’S TOP 10 IMPORTS FROM IRELAND
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
901839
Needles, catheters, cannulae and the like, used in medical, surgical, dental or veterinary ...
8,397,000
17,366,000
22,130,000
40210
Milk and cream in solid forms, of a fat content by weight of <= 1,5%
424,000
8,766,000
13,932,000
330210
Mixtures of odoriferous substances and mixtures, incl. alcoholic solutions, with a basis of ...
9,476,000
10,007,000
11,948,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
5,699,000
5,732,000
6,103,000
190190
Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing ...
4,908,000
3,740,000
4,360,000
382200
Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents ...
2,313,000
3,344,000
4,176,000
847150
Processing units for automatic data-processing machines, whether or not containing in the same ...
2,374,000
1,838,000
2,433,000
210690
Food preparations, n.e.s.
1,156,000
1,245,000
2,072,000
847170
Storage units for automatic data-processing machines
599,000
1,788,000
1,831,000
300220
Vaccines for human medicine
21,071,000
1,914,000
1,451,000

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 Ireland, 2017
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.6 Bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
595,000
372,587,000
270900
Petroleum oils and oils obtained from bituminous minerals, crude -
262,067,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
235,930,000
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
451,000
137,057,000
520912
Woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 200 g/m², in three-thread ...
131,883,000
520532
Multiple "folded" or cabled cotton yarn, of uncombed fibres, containing >= 85% cotton by weight ...
131,786,000
110100
Wheat or meslin flour
95,056,000
620462
Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ...
1,416,000
92,611,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
249,000
89,502,000
611020
Jerseys, pullovers, cardigans, waistcoats and similar articles, of cotton, knitted or crocheted ...
50,000
74,191,000
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 Ireland’s imports,
ignoring competitiveness and tariffs

11. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from the Ireland, 2017
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $2.4 BN
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... -
620,778,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
6,103,000
426,693,000
300220
Vaccines for human medicine
1,451,000
246,149,000
851762
Machines for the reception, conversion and transmission or regeneration of voice, images or ...
242,742,000
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ...
319,000
223,029,000
847989
Machines and mechanical appliances, n.e.s.
170,309,000
382499
Chemical products and preparations of the chemical or allied industries, incl. those consisting ...
114,000
133,118,000
852349
Optical media for the recording of sound or of other phenomena (excluding unrecorded and goods ...
46,000
130,369,000
540331
Yarn of viscose rayon filament, incl. monofilament of < 67 decitex, single, untwisted or with ...
126,612,000
850440
Static converters
2,000
125,649,000
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 Ireland exporters, ignoring competitiveness and
tariffs