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Pakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

thunderkaka

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April 24, 2019

Pakistan-Canada bilateral trade
Pakistan’s exports to Canada increased from US$ 230.23 million (in FY 2016-17) to US$ -260.62 million (in FY 2017-18) registering an increase of 13%. Moreover during the first 06 months of FY 2018-19 (July-December 2018), Pakistan’s exports to Canada increased by 13% to US$ 138.96 million.

Pakistan has continued to sustain trade deficit with Canada. However, as a result of increase in exports of Pakistan to Canada, the trade deficit has decreased to US$ 365.71 million in 2017-18 as compared to US$ 514.62 million in 2016-17.


During the first 06 months of FY 2018-19 (July-December), trade deficit has also been decreased to US$ 53.50 million as compared to US$ 104.91 million during corresponding period of FY 2017-18 (July-December).

The details of bilateral trade between Pakistan and Canada during the last three years is given below;


Pakistan-Bangladesh bilateral trade
Pakistan exports to Bangladesh have increased by US$ 117.7 million in 2018 after witnessing a decline of US$ 89.06 million in 2016-17.

The following table shows Pakistan-Bangladesh bilateral trade figures for last four years:


  • Pakistan’s major exports to Bangladesh include; woven cotton fabrics, cotton yarn, raw sugar, raw cotton, machinery and its parts and synthetic fabrics including silk and woollen.
  • Pakistan’s main items of imports from Bangladesh are raw jute, tea and mate, yarn & thread of synthetic fibers and tobacco.
Pakistan-Bahrain bilateral trade
The aggregate trade structure of Pakistan-Bahrain bilateral trade is as follows:—


Pakistan-Turkey bilateral trade
Pakistan’s exports to Turkey grew at good pace and crossed US$ 850 million in 2011. However, it started to decline after the imposition of additional duties by Turkey in August 2011 and amounted to US$ 343.06 Million in 2017-18.

Pakistan-Sri Lanka bilateral trade
Before a Free Trade Agreement (FTA) with Sri Lanka on August 1, 2002 that became operational from June 12, 2005, during 2004-05, Pakistan’s exports to Sri Lanka amounted to US$ 155.8 million whereas imports amounted to US$44 million but after the signing of FTA, Pakistan’s exports to Sri Lanka crossed the level of US$ 200 million in 2005-2006, while imports were recorded at US$ 71.2 million.

During 2017-18, Pakistan’s exports to Sri Lanka amounted to US$ 289 million, whereas imports were recorded of value US$ 67.31 million.

  • Major export items from Pakistan include weave cotton fabric, rice, wheat, Portland cement, rice semi-milled or wholly milled, denim fabric of cotton, potatoes fresh or chilled, fish & fish preparations, cotton yarn, cotton fabrics, pharmaceuticals products, knitted or crocheted fabrics and iron & steel.
  • Major imports from Sri Lanka include vegetable, Medium Density Fiber Board, natural rubber, coconut, surgical gloves of rubber, tea, fruits & vegetables, oil seeds, dried fruit, crude rubber and crude vegetable material.
The following table shows Pakistan-Sri Lanka bilateral trade figures for last four years:-


Pakistan-UAE bilateral trade
The aggregate trade structure of Pakistan UAE bilateral trade is as follows:


https://dnd.com.pk/pakistans-trade-with-canada-turkey-uae-sri-lanka-bangladesh-bahrain/164922
 

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