IRELAND - Pakistan Trade

IRELAND WAS PAKISTAN’S 47TH 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% 47 Ireland 62,433,000 0.3% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

IRELAND WAS THE 14TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 The EU is Pakistan’s largest export market representing 34% of exports Ireland accounted for 0.8% 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

IRELAND RANKS NO. 52 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% 52 Ireland 85,928,000 0.1% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

WITHIN THE EU, IRELAND WAS THE 13TH 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. Ireland accounts for 1.6% of Pakistan’s imports from the EU and 0.1% of total imports from the world. The UK is the second most important import supplying market of Pakistan in the EU

PAKISTAN IRELAND Trade Trends Bilateral trade increased from US$ 102 Mn in 2014 to US$ 148 Mn in 2018 i.e. by 45% in four years Pakistan’s exports to Ireland rose by 17% during this period, thanks to 14% growth in 2014, post GSP+ Meanwhile, Ireland’s exports to Pakistan rose by 75% during the last four years. The trade balance in 2018 is USD 23 Mn in favor of Ireland.

PAKISTAN’S TOP 10 EXPORTS TO IRELAND HS CODE DESCRIPTION EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) 630239 Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ... 11,597,000 13,125,000 10,913,000 630260 Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ... 5,999,000 7,892,000 9,632,000 630210 Bedlinen, knitted or crocheted 4,437,000 4,576,000 6,295,000 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) 4,125,000 4,572,000 5,078,000 620322 Men's or boys' ensembles of cotton (excluding knitted or crocheted, ski ensembles and swimwear) 1,203,000 1,923,000 3,927,000 611595 Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied ... 4,150,000 3,864,000 2,665,000 620462 Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ... 2,065,000 2,025,000 1,416,000 620349 Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials (excluding ... 854,000 1,694,000 1,011,000 630710 Floorcloths, dishcloths, dusters and similar cleaning cloths, of all types of textile materials 1,218,000 1,100,000 995,000 640399 Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ... 942,000 1,265,000 922,000

PAKISTAN’S TOP 10 IMPORTS FROM IRELAND HS CODE DESCRIPTION IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) 901839 Needles, catheters, cannulae and the like, used in medical, surgical, dental or veterinary ... 8,397,000 17,366,000 22,130,000 40210 Milk and cream in solid forms, of a fat content by weight of <= 1,5% 424,000 8,766,000 13,932,000 330210 Mixtures of odoriferous substances and mixtures, incl. alcoholic solutions, with a basis of ... 9,476,000 10,007,000 11,948,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 5,699,000 5,732,000 6,103,000 190190 Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing ... 4,908,000 3,740,000 4,360,000 382200 Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents ... 2,313,000 3,344,000 4,176,000 847150 Processing units for automatic data-processing machines, whether or not containing in the same ... 2,374,000 1,838,000 2,433,000 210690 Food preparations, n.e.s. 1,156,000 1,245,000 2,072,000 847170 Storage units for automatic data-processing machines 599,000 1,788,000 1,831,000 300220 Vaccines for human medicine 21,071,000 1,914,000 1,451,000

TRADE COMPLIMENTARITY* * Trade complementarity is the ability of each country to satisfy the other’s import needs from its existing export pool

ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Exports to the Ireland, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.6 Bn HS CODE DESCRIPTION ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 595,000 372,587,000 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 451,000 137,057,000 520912 Woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 200 g/m², in three-thread ... 131,883,000 520532 Multiple "folded" or cabled cotton yarn, of uncombed fibres, containing >= 85% cotton by weight ... 131,786,000 110100 Wheat or meslin flour 95,056,000 620462 Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ... 1,416,000 92,611,000 620342 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ... 249,000 89,502,000 611020 Jerseys, pullovers, cardigans, waistcoats and similar articles, of cotton, knitted or crocheted ... 50,000 74,191,000 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 Ireland’s imports, ignoring competitiveness and tariffs

ACTUAL IMPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Imports from the Ireland, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $2.4 BN HS CODE ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... - 620,778,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 6,103,000 426,693,000 300220 Vaccines for human medicine 1,451,000 246,149,000 851762 Machines for the reception, conversion and transmission or regeneration of voice, images or ... 242,742,000 271012 Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... 319,000 223,029,000 847989 Machines and mechanical appliances, n.e.s. 170,309,000 382499 Chemical products and preparations of the chemical or allied industries, incl. those consisting ... 114,000 133,118,000 852349 Optical media for the recording of sound or of other phenomena (excluding unrecorded and goods ... 46,000 130,369,000 540331 Yarn of viscose rayon filament, incl. monofilament of < 67 decitex, single, untwisted or with ... 126,612,000 850440 Static converters 2,000 125,649,000 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 Ireland exporters, ignoring competitiveness and tariffs