1. SWEDEN - Pakistan Trade

2. SWEDEN RANKED NO. 32 IN 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% 32
Sweden
137,517,000
0.6%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. SWEDEN WAS THE ELEVENTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
Sweden accounted for 1.72% 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. SWEDEN RANKS NO. 36 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% 36
Sweden
258,575,000
0.43%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, SWEDEN WAS THE SEVENTH 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.
Sweden accounts for 5% of Pakistan’s imports from the EU and 0.43% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN SWEDEN Trade Trends
Bilateral trade remained similar from US$ Mn in 2014 to US$ Mn in 2018 in five years
Pakistan’s exports to Spain rose by 2.3% during this period.
Meanwhile, Spain’s exports to Pakistan decreased slightly by 0.3% during these five years.
The trade deficit has reverted back during the last five years, from $125.2 Mn in 2014 to around $121.1 Mn in 2018.

7. PAKISTAN’S TOP 10 EXPORTS TO SWEDEN
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)
14,095,000
27,649,000
26,170,000
630231
Bedlinen of cotton (excluding printed, knitted or crocheted)
13,879,000
19,713,000
19,634,000
420329
Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves)
10,958,000
10,653,000
13,173,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
13,302,000
16,529,000
10,454,000
100630
Semi-milled or wholly milled rice, whether or not polished or glazed
3,888,000
4,167,000
8,612,000
620349
Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials (excluding ...
4,826,000
5,899,000
7,596,000
630239
Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ...
4,467,000
5,348,000
3,674,000
630260
Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ...
3,989,000
3,488,000
3,570,000
611610
Gloves, mittens and mitts, impregnated, coated or covered with plastics or rubber, knitted ...
1,430,000
2,252,000
2,962,000
630210
Bedlinen, knitted or crocheted
2,713,000
4,310,000
2,732,000

8. PAKISTAN’S TOP 10 IMPORTS FROM SWEDEN
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
720441
Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron ...
9,477,000
19,736,000
36,167,000
480421
Unbleached sack kraft paper, uncoated, in rolls of a width > 36 cm (excluding goods of heading ...
23,259,000
26,394,000
34,635,000
481092
Multi-ply paper and paperboard, coated on one or both sides with kaolin or other inorganic ...
52,145,000
36,422,000
27,738,000
852349
Optical media for the recording of sound or of other phenomena (excluding unrecorded and goods ... -
3,399,000
11,629,000
470500
Wood pulp obtained by a combination of mechanical and chemical pulping processes
6,297,000
9,868,000
11,611,000
390410
Poly"vinyl chloride", in primary forms, not mixed with any other substances
5,425,000
6,549,000
9,869,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
3,162,000
3,972,000
7,973,000
290121
Ethylene
6,298,000
851762
Machines for the reception, conversion and transmission or regeneration of voice, images or ...
4,698,000
2,717,000
5,771,000
480100
Newsprint as specified in Note 4 to chapter 48, in rolls of a width > 36 cm or in square or ...
8,502,000
5,846,000
4,808,000

9. ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Exports to Sweden, 2018
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential is $2 bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
372,000
372,810,000
620342
Mens or boys trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
10,454,000
313,283,000
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
351,000
235,347,000
220710
Undenatured ethyl alcohol, of actual alcoholic strength of >= 80%
212,353,000
610990
T-shirts, singlets and other vests of textile materials, knitted or crocheted (excluding cotton)
924,000
142,755,000
620462
Womens or girls trousers, bib and brace overalls, breeches and shorts of cotton (excluding ...
1,328,000
98,979,000
940490
Articles of bedding and similar furnishing, fitted with springs or stuffed or internally filled ...
2,637,000
86,105,000
640399
Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ...
153,000
77,980,000
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 Sweden’s imports,
ignoring competitiveness and tariffs

10. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from Sweden, 2018
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $8.8 bn
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
87,000
3,115,531,000
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... -
2,765,238,000
851712
Telephones for cellular networks "mobile telephones" or for other wireless networks
833,074,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
2,513,000
430,283,000
390110
Polyethylene with a specific gravity of < 0,94, in primary forms
970,000
335,980,000
390120
Polyethylene with a specific gravity of >= 0,94, in primary forms
63,000
298,807,000
847130
Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a ...
3,000
286,170,000
870323
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
266,725,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
7,973,000
248,965,000
851762
Machines for the reception, conversion and transmission or regeneration of voice, images or ...
5,771,000
236,971,000
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 Sweden exporters, ignoring competitiveness and
tariffs