1. Denmark - Pakistan Trade

2. DENMARK WAS PAKISTAN’S 28TH 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% 28
Denmark
173,068,000
0.7%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. DENMARK WAS THE 10TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Denmark 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. DENMARK RANKS NO. 41 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% 41
Denmark
130,944,000
0.2%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, DENMARK WAS THE 11TH 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.
Denmark accounts for 2.3% of Pakistan’s imports from the EU and 0.2% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN DENMARK Trade Trends
Bilateral trade decreased from US$ 325 Mn in 2014 to US$ 304 Mn in 2018 i.e. by 6.5% in five years
Pakistan’s exports to Denmark rose by 70% during this period, thanks to 14% growth in 2014, post GSP+
Meanwhile, UK’s exports to Pakistan fell by 41% during the last five years.
The trade balance in 2018 has increased positively for Pakistan.

7. PAKISTAN’S TOP 10 EXPORTS TO DENMARK
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)
15,058,000
29,329,000
44,368,000
630239
Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ...
4,536,000
16,631,000
17,559,000
630231
Bedlinen of cotton (excluding printed, knitted or crocheted)
11,769,000
10,468,000
12,035,000
950662
Inflatable balls
7,013,000
7,635,000
8,659,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
7,777,000
7,186,000
6,093,000
630210
Bedlinen, knitted or crocheted
18,377,000
9,649,000
5,538,000
620462
Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ...
6,991,000
7,395,000
4,811,000
420310
Articles of apparel, of leather or composition leather (excluding clothing accessories, footware ...
5,902,000
4,217,000
4,493,000
630260
Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ...
6,164,000
4,996,000
4,262,000
620469
Women's or girls' trousers, bib and brace overalls, breeches and shorts of textile materials ...
3,702,000
1,843,000
3,526,000

8. PAKISTAN’S TOP 10 IMPORTS FROM DENMARK
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
300220
Vaccines for human medicine
6,084,000
29,127,000
35,384,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
9,018,000
9,878,000
11,352,000
841869
Refrigerating or freezing equipment (excluding refrigerating and freezing furniture)
6,000
371,000
7,929,000
110813
Potato starch
3,391,000
4,101,000
5,211,000
210690
Food preparations, n.e.s.
517,000
1,377,000
4,590,000
382499
Chemical products and preparations of the chemical or allied industries, incl. those consisting ... -
3,293,000
3,815,000
300431
Medicaments containing insulin but not antibiotics, put up in measured doses "incl. those in ...
5,434,000
5,113,000
3,579,000
901819
Electro-diagnostic apparatus, incl. apparatus for functional exploratory examination or for ...
374,000
3,448,000
2,457,000
380891
Insecticides (excluding goods of subheading )
707,000
812,000
2,358,000
901831
Syringes, with or without needles, used in medical, surgical, dental or veterinary sciences
24,000
77,000
2,297,000

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 Denmark, 2017
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.8 Bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
6,093,000
332,274,000
270900
Petroleum oils and oils obtained from bituminous minerals, crude -
262,067,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
2,641,000
251,149,000
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
1,471,000
241,232,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
235,930,000
610990
T-shirts, singlets and other vests of textile materials, knitted or crocheted (excluding cotton)
704,000
156,559,000
620462
Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ...
4,811,000
95,496,000
220710
Undenatured ethyl alcohol, of actual alcoholic strength of >= 80%
93,246,000
940490
Articles of bedding and similar furnishing, fitted with springs or stuffed or internally filled ...
352,000
88,390,000
640399
Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ...
162,000
77,971,000
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 Denmark’s imports,
ignoring competitiveness and tariffs

11. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from the Denmark, 2017
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $6.2 BN
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
12,000
2,103,158,000
270900
Petroleum oils and oils obtained from bituminous minerals, crude -
1,246,132,000
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ...
780,836,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
1,333,000
452,768,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
11,352,000
421,444,000
850231
Generating sets, wind-powered
284,428,000
847130
Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a ...
1,772,000
284,401,000
870323
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
266,725,000
851762
Machines for the reception, conversion and transmission or regeneration of voice, images or ...
30,000
242,712,000
870322
201,381,000
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 Denmark exporters, ignoring competitiveness and
tariffs