1. BELGIUM - Pakistan Trade

2. BELGIUM WAS PAKISTAN’S ELEVENTH 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% 11
Belgium
666,428,000
2.8%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. BELGIUM WAS THE SIXTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Belgium accounted for 8% 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. BELGIUM RANKS NO. 35 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% 35
Belgium
312,766,000
0.5%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, BELGIUM WAS THE SIXTH 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.
Belgium accounts for 6% of Pakistan’s imports from the EU and 0.5% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN Belgium Trade Trends
Bilateral trade increased from US$ 882 mn in 2014 to US$ 979 mn in 2018 i.e. by 11% in five years
Pakistan’s exports to Belgium fell by 1.2% during this period.
Meanwhile, Belgium’s exports to Pakistan rose by 40% during the last five years.
The trade balance in 2018 has decreased to $354 Mn in favor of Belgium.

7. PAKISTAN’S TOP 10 EXPORTS TO BELGIUM
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)
630231
Bedlinen of cotton (excluding printed, knitted or crocheted)
100630
Semi-milled or wholly milled rice, whether or not polished or glazed
611595
Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied ...
630210
Bedlinen, knitted or crocheted
630260
Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ...
610590
Men's or boys' shirts of textile materials, knitted or crocheted (excluding of cotton or man-made ...
610349
Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials, ...
630239
Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ...
611090
Jerseys, pullovers, cardigans, waistcoats and similar articles, of textile materials, knitted ...

8. PAKISTAN’S TOP 10 IMPORTS FROM Belgium
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
300220
Vaccines for human medicine
844630
Weaving machines for weaving fabrics of a width > 30 cm, shuttleless type
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
390110
Polyethylene with a specific gravity of < 0,94, in primary forms
390410
Poly"vinyl chloride", in primary forms, not mixed with any other substances
410000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
293040
Methionine
390740
Polycarbonates, in primary forms
630900
Worn clothing and clothing accessories, blankets and travelling rugs, household linen and articles ...
843351
Combine harvester-threshers

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 Belgium, 2017
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2.3 Bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
170199
Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar ... -
377,109,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
4,666,000
368,516,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
10,263,000
338,726,000
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
6,921,000
235,782,000
610990
T-shirts, singlets and other vests of textile materials, knitted or crocheted (excluding cotton)
1,447,000
155,816,000
220710
Undenatured ethyl alcohol, of actual alcoholic strength of >= 80%
148,543,000
390761
Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g
5,859,000
127,135,000
70190
Fresh or chilled potatoes (excluding seed)
120,537,000
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 Belgium’s imports,
ignoring competitiveness and tariffs

11. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from Belgium, 2017
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $11.5 BN
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ...
3,450,000
3,717,469,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
1,083,000
3,114,535,000
270900
Petroleum oils and oils obtained from bituminous minerals, crude -
1,033,545,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
12,268,000
936,978,000
851712
Telephones for cellular networks "mobile telephones" or for other wireless networks
474,000
578,933,000
870321
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
542,106,000
390210
Polypropylene, in primary forms
624,000
538,514,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
8,325,000
424,471,000
720839
Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, in coils, simply ...
399,261,000
290531
Ethylene glycol "ethanediol"
333,800,000
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 Belgium exporters, ignoring competitiveness and
tariffs