1. HUNGARY - Pakistan Trade

2. HUNGARY WAS PAKISTAN’S 101ST 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%
101
Hungary
11,626,000
0.05%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. HUNGARY WAS THE 24TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Hungary accounted for 0.1% 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. HUNGARY RANKS NO. 67 IN PAKISTAN’S IMPORT SOURCES
COUNTRY
IMPORT VALUE (US$)
% SHARE IN TOTAL IMPORTS
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% 67
Hungary
32,253,000
0.05%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, HUNGARY WAS THE 16TH 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.
Hungary accounts for 0.6% of Pakistan’s imports from the EU and 0.05% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN HUNGARY Trade Trends
Bilateral trade has remained the same US$ 44 Mn from 2014 to 2018.
Pakistan’s exports to Hungary fell by 0.6% during this period.
Meanwhile, Hungary’s exports to Pakistan rose by 3.2% during the last four years.
The trade balance in 2018 has remained more or less the same.

7. PAKISTAN’S TOP 10 EXPORTS TO HUNGARY
HS CODE
DESCRIPTION
EXPORT VALUE 2016 (US$)
EXPORT VALUE 2017 (US$)
EXPORT VALUE 2018 (US$)
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
490,000
897,000
1,331,000
520852
Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 100 g to
1,913,000
1,241,000
969,000
411200
Leather further prepared after tanning or crusting incl. parchment-dressed leather", of sheep ...
486,000
886,000
801,000
521021
Plain woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed ...
642,000
705,000
664,000
520821
Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 200 g/m², ...
41,000
220,000
602,000
520831
Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 100 g/m², ...
314,000
266,000
541,000
411310
Leather further prepared after tanning or crusting "incl. parchment-dressed leather", of goats ...
485,000
446,000
431,000
420310
Articles of apparel, of leather or composition leather (excluding clothing accessories, footware ...
570,000
313,000
364,000
520851
99,000
208,000
360,000
520822
328,000
521,000
349,000

8. PAKISTAN’S TOP 10 IMPORTS FROM HUNGARY
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
847290
Office machines, n.e.s.
836,000
6,339,000
4,785,000
841199
Parts of gas turbines, n.e.s.
16,831,000
31,610,000
3,719,000
630900
Worn clothing and clothing accessories, blankets and travelling rugs, household linen and articles ...
2,709,000
2,930,000
3,349,000
293349
Heterocyclic compounds with nitrogen hetero-atom[s] only, containing in the structure a quinoline ...
3,412,000
250,000
2,236,000
870322
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
1,944,000
2,692,000
1,952,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
1,950,000
1,600,000
1,936,000
841090
Parts of hydraulic turbines and water wheels incl. regulators -
1,239,000
841370
Centrifugal pumps, power-driven (excluding those of subheading and , fuel, lubricating ...
661,000
951,000
1,218,000
961900
Sanitary towels (pads) and tampons, napkins and napkin liners for babies, and similar articles, ...
994,000
767,000
954,000
392350
Stoppers, lids, caps and other closures, of plastics
903,000
853,000
548,000

9. ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Exports to the Hungary, 2017
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.3 Bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
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
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
154,996,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
1,331,000
124,560,000
410712
Grain splits leather "incl. parchment-dressed leather", of the whole hides and skins of bovine ...
24,000
109,666,000
390761
Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g
98,465,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
94,795,000
640399
Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ...
26,000
78,107,000
170199
Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar ...
76,359,000
252329
Portland cement (excluding white, whether or not artificially coloured)
74,331,000
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 Hungary’s imports,
ignoring competitiveness and tariffs

10. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from the Hungary, 2017
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $4.5 BN
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
56,000
1,066,775,000
851712
Telephones for cellular networks "mobile telephones" or for other wireless networks -
585,651,000
870321
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
517,623,000
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, ...
1,936,000
430,860,000
390120
Polyethylene with a specific gravity of >= 0,94, in primary forms
298,870,000
870322
1,952,000
289,928,000
120510
Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content ...
282,745,000
870323
388,000
266,337,000
851762
Machines for the reception, conversion and transmission or regeneration of voice, images or ...
15,000
242,727,000
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 Hungary exporters, ignoring competitiveness and
tariffs