1. Portugal - Pakistan Trade

2. PORTUGAL RANKED NO. 26 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% 26
Portugal
191,981,000 1%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. PORTUGAL WAS THE NINTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Portugal accounted for 2% 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. PORTUGAL RANKS NO. 70 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% 70
Portugal
25,470,000
0.04%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, PORTUGAL WAS THE SEVENTEENTH 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.
Portugal accounts for 0.5% of Pakistan’s imports from the EU and 0.04% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN PORTUGAL Trade Trends
Bilateral trade increased from US$ Mn in 2014 to US$ Mn in 2018 i.e. by 16.8% in five years.
Pakistan’s exports to Portugal rose by 15% during this period.
Meanwhile, Poland’s exports to Pakistan rose by 32.3% during these five years.
The trade surplus has increased during the last five years, from $147.7 Mn in 2014 to around $166.5 Mn in 2018.

7. PAKISTAN’S TOP 10 EXPORTS TO PORTUGAL
HS CODE
DESCRIPTION
EXPORT VALUE 2016 (US$)
EXPORT VALUE 2017 (US$)
EXPORT VALUE 2018 (US$)
520812
Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 100 g to
26,776,000
29,380,000
30,147,000
520819
Woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 200 g/m², unbleached ...
6,962,000
10,946,000
15,266,000
520522
Single cotton yarn, of combed fibres, containing >= 85% cotton by weight and with a linear ...
5,329,000
13,973,000
12,643,000
520532
Multiple "folded" or cabled cotton yarn, of uncombed fibres, containing >= 85% cotton by weight ...
11,189,000
13,492,000
12,466,000
520512
Single cotton yarn, of uncombed fibres, containing >= 85% cotton by weight and with a linear ...
8,558,000
11,632,000
12,007,000
550953
Yarn containing predominantly, but < 85% polyester staple fibres by weight, mixed principally ...
10,990,000
11,476,000
9,296,000
521011
Plain woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed ...
6,685,000
6,057,000
6,292,000
520513
6,342,000
6,174,000
5,753,000
520919
Woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 200 g/m², unbleached ...
1,837,000
6,156,000
5,578,000
100630
Semi-milled or wholly milled rice, whether or not polished or glazed
1,376,000
1,174,000
5,364,000

8. PAKISTAN’S TOP 10 IMPORTS FROM PORTUGAL
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
270730
Xylol "xylenes" containing > 50% of xylenes (excluding chemically defined)
6,472,000
11,133,000
9,623,000
550130
Filament tow as specified in Note 1 to chapter 55, acrylic or modacrylic
7,086,000
2,471,000
5,931,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
688,000
882,000
1,507,000
480262
Uncoated paper and paperboard, of a kind used for writing, printing or other graphic purposes, ...
1,074,000
1,099,000
1,050,000
844319
Printing machinery used for printing by means of plates, cylinders and other printing components ...
363,000 -
929,000
320417
Synthetic organic pigments; preparations based on synthetic organic pigments of a kind used ...
639,000
592,000
744,000
290230
Toluene
1,918,000
1,677,000
714,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
317,000
786,000
572,000
550630
Acrylic or modacrylic staple fibres, carded, combed or otherwise processed for spinning
1,510,000
392,000
850212
Generating sets with compression-ignition internal combustion piston engine "diesel or semi-diesel ...
22,000
788,000
384,000

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 Portugal, 2018
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential is $1.7 bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
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
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
2,306,000
227,089,000
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
19,000
196,893,000
620342
Mens or boys trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
2,766,000
181,486,000
20110
Carcases or half-carcases of bovine animals, fresh or chilled
154,518,000
390761
Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g
108,454,000
410712
Grain splits leather "incl. parchment-dressed leather", of the whole hides and skins of bovine ...
2,491,000
101,821,000
620462
Womens or girls trousers, bib and brace overalls, breeches and shorts of cotton (excluding ...
686,000
99,621,000
70190
Fresh or chilled potatoes (excluding seed)
91,183,000
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 Portugal’s imports,
ignoring competitiveness and tariffs

11. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from Portugal, 2018
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $6.1 bn
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... -
2,419,239,000
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ...
1,353,218,000
870321
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
542,106,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
1,507,000
431,289,000
870322
291,880,000
870323
266,725,000
890120
Tankers
249,799,000
390120
Polyethylene with a specific gravity of >= 0,94, in primary forms
191,113,000
850231
Generating sets, wind-powered
181,347,000
291736
Terephthalic acid and its salts
171,703,000
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 Portugal exporters, ignoring competitiveness and
tariffs