1. Luxembourg - Pakistan Trade

2. LUXEMBOURG RANKED NO. 162 AS PAKISTAN’S EXPORT DESTINATION IN 2018
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%
162
Luxembourg
200,000
0.001%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. LUXEMBOURG WAS THE SMALLEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Luxembourg accounted for 0.003% 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. LUXEMBOURG RANKS NO. 87 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% 87
Luxembourg
7,299,000
0.012%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, LUXEMBOURG WAS THE 22ND 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.
Luxembourg accounts for 0.13%% of Pakistan’s imports from the EU and 0.01% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN LUXEMBOURG Trade Trends
Bilateral trade decreased from US$ Mn in 2014 to US$ 7.5 Mn in 2018 i.e. by 46.7% in five years
Pakistan’s exports to Luxembourg declined by 51% during this period.
Meanwhile, Luxembourg's exports to Pakistan fell by 46.6% during the last five years.
The trade deficit in 2018 has decreased from 2014 from $13.2 Mn to $7.1 Mn

7. PAKISTAN’S TOP 10 EXPORTS TO LUXEMBOURG
HS CODE
DESCRIPTION
EXPORT VALUE 2016 (US$)
EXPORT VALUE 2017 (US$)
EXPORT VALUE 2018 (US$)
520942
Denim, containing >= 85% cotton by weight and weighing > 200 g/m², made of yarn of different ... -
81,000
570110
Carpets and other textile floor coverings, of wool or fine animal hair, knotted, whether or ...
15,000
52,000
69,000
620339
Men's or boys' jackets and blazers of textile materials (excluding of wool, fine animal hair, ...
1,000
32,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
3,000
34,000
8,000
620422
Women's or girls' ensembles of cotton (excluding knitted or crocheted, ski overalls and swimwear)
950662
Inflatable balls
6,000
5,000
390761
Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g
630790
Made-up articles of textile materials, incl. dress patterns, n.e.s.
2,000
610590
Men's or boys' shirts of textile materials, knitted or crocheted (excluding of cotton or man-made ...
420329
Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves)
57,000

8. PAKISTAN’S TOP 10 IMPORTS FROM LUXEMBOURG
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
730110
Sheet piling of iron or steel, whether or not drilled, punched or made from assembled elements
1,548,000
274,000
2,421,000
841989
Machinery, plant or laboratory equipment, whether or not electrically heated, for the treatment ... -
1,121,000
847790
Parts of machinery for working rubber or plastics or for the manufacture of products from these ...
428,000
219,000
773,000
560313
Nonwovens, whether or not impregnated, coated, covered or laminated, n.e.s., of man-made filaments, ...
625,000
1,030,000
700,000
721632
I sections of iron or non-alloy steel, not further worked than hot-rolled, hot-drawn or hot-extruded, ...
656,000
848071
Injection or compression-type moulds for rubber or plastics
508,000
931,000
285,000
560314
31,000
163,000
690220
Refractory bricks, blocks, tiles and similar refractory ceramic constructional goods containing, ...
100,000
560311
Nonwovens, whether or not impregnated, coated, covered or laminated, n.e.s., of synthetic or ...
82,000
392310
Boxes, cases, crates and similar articles for the conveyance or packaging of goods, of plastics
61,000

9. ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Exports to Luxembourg, 2018
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $0.7 bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... -
235,930,000
390761
Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g
5,000
132,959,000
521142
Denim, containing predominantly, but < 85% cotton by weight, mixed principally or solely with ...
80,510,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
73,543,000
740400
Waste and scrap, of copper (excluding ingots or other similar unwrought shapes, of remelted ...
57,826,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
8,000
36,394,000
521019
Woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed principally ...
32,549,000
520922
Woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 200 g/m², in three-thread ...
31,496,000
521112
30,549,000
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
23,488,000
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 Luxembourg’s imports,
ignoring competitiveness and tariffs

10. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from Luxembourg, 2018
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $1.4 bn
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
550410
Staple fibres of viscose rayon, not carded, combed or otherwise processed for spinning -
315,774,000
291736
Terephthalic acid and its salts
171,703,000
848180
Appliances for pipes, boiler shells, tanks, vats or the like (excluding pressure-reducing valves, ...
5,000
138,460,000
401120
New pneumatic tyres, of rubber, of a kind used for buses and lorries (excluding typres with ...
137,223,000
851712
Telephones for cellular networks "mobile telephones" or for other wireless networks
130,455,000
540331
Yarn of viscose rayon filament, incl. monofilament of < 67 decitex, single, untwisted or with ...
126,612,000
854140
Photosensitive semiconductor devices, incl. photovoltaic cells whether or not assembled in ...
102,901,000
853710
Boards, cabinets and similar combinations of apparatus for electric control or the distribution ...
3,000
92,975,000
540247
Filament yarn of polyester, incl. monofilament of < 67 decitex, single, untwisted or with a ...
89,942,000
730890
Structures and parts of structures, of iron or steel, n.e.s. (excluding bridges and bridge-sections, ...
81,799,000
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 Luxembourg exporters, ignoring competitiveness and
tariffs