1. Slovakia - Pakistan Trade

2. SLOVAKIA RANKED NO. 114 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%
114
Slovakia
5,542,000
0.023%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. SLOVAKIA WAS THE THIRD SMALLEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Slovakia accounted for 0.07% 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. SLOVAKIA RANKS NO. 78 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% 78
Slovakia
15,804,000
0.03%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, SLOVAKIA WAS THE TWENTIETH 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.
Slovakia accounts for 0.3% of Pakistan’s imports from the EU and 0.03% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN SLOVAKIA Trade Trends
Bilateral trade decreased from US$ Mn in 2014 to US$ Mn in 2018 i.e. by 62% in five years
Pakistan’s exports to Slovakia rose by 56.9% during this period.
Meanwhile, Slovakia’s exports to Pakistan decreased by 70% during these five years.
The trade deficit has decreased during the last five years, from $49.17 Mn in 2014 to around $10.26 Mn in 2018.

7. PAKISTAN’S TOP 10 EXPORTS TO SLOVAKIA
HS CODE
DESCRIPTION
EXPORT VALUE 2016 (US$)
EXPORT VALUE 2017 (US$)
EXPORT VALUE 2018 (US$)
620322
Men's or boys' ensembles of cotton (excluding knitted or crocheted, ski ensembles and swimwear) -
66,000
1,593,000
630210
Bedlinen, knitted or crocheted
689,000
621,000
825,000
630239
Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or . . .
252,000
313,000
567,000
611595
Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied . . .
389,000
610510
Men's or boys' shirts of cotton, knitted or crocheted (excluding nightshirts, T-shirts, singlets . . .
186,000
610349
Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials, . . .
169,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
86,000
119,000
162,000
420310
Articles of apparel, of leather or composition leather (excluding clothing accessories, footware . . .
360,000
141,000
151,000
620339
Men's or boys' jackets and blazers of textile materials (excluding of wool, fine animal hair, . . .
25,000
140,000
118,000
420321
Specially designed gloves for use in sport, of leather or composition leather
44,000
55,000
102,000

8. PAKISTAN’S TOP 10 IMPORTS FROM SLOVAKIA
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
841430
Compressors for refrigerating equipment
18,195,000
17,888,000
11,728,000
630900
Worn clothing and clothing accessories, blankets and travelling rugs, household linen and articles ...
1,175,000
1,114,000
1,176,000
870323
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
974,000
836,000
296,000
903210
Thermostats
220,000
251,000
265,000
170290
Sugars in solid form, incl. invert sugar and chemically pure maltose, and sugar and sugar syrup ...
192,000
179,000
201,000
853590
Electrical apparatus for switching or protecting electrical circuits, or for making connections ... -
167,000
853540
Lightning arresters, voltage limiters and surge suppressors, for a voltage > V
144,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
3,000
11,000
119,000
721012
Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, hot-rolled or cold-rolled ...
6,000
108,000
381210
Prepared rubber accelerators
247,000

9. ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Exports to Slovakia, 2018
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential is $0.4 bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding . . .
62,000
106,364,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
162,000
69,685,000
610990
T-shirts, singlets and other vests of textile materials, knitted or crocheted (excluding cotton)
55,000
60,239,000
611595
Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied . . .
389,000
43,217,000
620343
Men's or boys' trousers, bib and brace overalls, breeches and shorts of synthetic fibres (excluding . . .
48,000
18,699,000
610342
Men's or boys' trousers, bib and brace overalls, breeches and shorts of cotton, knitted or . . .
56,000
18,001,000
611596
73,000
16,262,000
630260
Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding . . .
53,000
12,976,000
611610
Gloves, mittens and mitts, impregnated, coated or covered with plastics or rubber, knitted . . .
46,000
11,501,000
610510
Men's or boys' shirts of cotton, knitted or crocheted (excluding nightshirts, T-shirts, singlets . . .
186,000
11,441,000
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 Slovakia’s imports,
ignoring competitiveness and tariffs

10. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from Slovakia, 2018
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $4.7 bn
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
851712
Telephones for cellular networks "mobile telephones" or for other wireless networks
833,074,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
668,942,000
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ...
652,394,000
870321
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
542,106,000
890800
Vessels and other floating structures for breaking up
515,542,000
290243
P-Xylene
365,516,000
870322
291,880,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
291,753,000
847130
Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a ...
286,173,000
390210
Polypropylene, in primary forms
278,123,000
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 Slovakia exporters, ignoring competitiveness and
tariffs