CROATIA - Pakistan Trade

CROATIA WAS PAKISTAN’S 91st 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% 91 Croatia 16,835,000 0.07% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

CROATIA WAS THE 21st LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 The EU is Pakistan’s largest export market representing 34% of exports Croatia accounted for 0.2% 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

CROATIA RANKS NO. 122 IN PAKISTAN’S IMPORT SOURCES COUNTRY IMPORT VALUE (US$) % SHARE IN TOTAL IMPORTS 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% 122 Croatia 1,506,000 0.00002% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

WITHIN THE EU, CROATIA WAS THE 27TH 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. Croatia accounts for 0.02% of Pakistan’s imports from the EU and 0.00002% of total imports from the world. The UK is the second most important import supplying market of Pakistan in the EU

PAKISTAN CROATIA Trade Trends Bilateral trade increased from US$ 12 mn in 2014 to US$ 19 mn in 2018 i.e. by 58% in five years Pakistan’s exports to Croatia rose by 42% during this period, thanks to 14% growth in 2014, post GSP+ The trade balance in 2018 has increased from US$12 Mn to US$ 15 Mn

PAKISTAN’S TOP 10 EXPORTS TO CrOATIA HS CODE DESCRIPTION EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) 2,090,000 2,918,000 3,353,000 630260 Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ... 1,589,000 2,075,000 2,815,000 630210 Bedlinen, knitted or crocheted 1,966,000 1,854,000 2,066,000 630239 Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ... 1,104,000 1,594,000 1,332,000 520821 Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 200 g/m², ... 597,000 665,000 744,000 520822 Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 100 g to 200 ... 657,000 467,000 564,000 420329 Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves) 624,000 453,000 455,000 410792 Grain splits leather "incl. parchment-dressed leather", of the portions, strips or sheets of ... 202,000 142,000 391,000 410712 Grain splits leather "incl. parchment-dressed leather", of the whole hides and skins of bovine ... - 91,000 381,000 630710 Floorcloths, dishcloths, dusters and similar cleaning cloths, of all types of textile materials 333,000 175,000 352,000

PAKISTAN’S TOP 10 IMPORTS FROM CROATIA HS CODE DESCRIPTION IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) 732690 Articles of iron or steel, n.e.s. (excluding cast articles or articles of iron or steel wire) 2,786,000 2,279,000 1,137,000 293040 Methionine - 17,000 110,000 440792 Beech "Fagus spp.", sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded ... 22,000 13,000 77,000 440712 Fir "Abies spp." and spruce "Picea spp." sawn or chipped lengthwise, sliced or peeled, whether ... 33,000 300420 Medicaments containing antibiotics, put up in measured doses "incl. those in the form of transdermal ... 31,000 848050 Moulds for glass (excluding moulds of graphite or other carbons and ceramic moulds) 9,000 440729 Tropical wood specified in Subheading Note 1 to this chapter, sawn or chipped lengthwise, sliced ... 30,000 20,000 440410 Hoopwood; split poles; piles, pickets and stakes of wood, pointed but not sawn lengthwise; ... 11,000 440394 Beech "Fagus spp." in the rough, of which no cross-sectional dimension is =>15 cm, whether ... 25,000 382200 Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents ...

ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Exports to Croatia, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.1 Bn HS CODE DESCRIPTION ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) 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 100640 Broken rice 171,897,000 410712 Grain splits leather "incl. parchment-dressed leather", of the whole hides and skins of bovine ... 381,000 109,309,000 610910 T-shirts, singlets and other vests of cotton, knitted or crocheted 1,000 90,744,000 640399 Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ... 300,000 77,833,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 73,543,000 620462 Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ... 65,225,000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 175,000 55,241,000 620342 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ... 19,000 50,365,000 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 Croatia’s imports, ignoring competitiveness and tariffs

ACTUAL IMPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Imports from the Croatia, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $5.7 BN HS CODE ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) 271111 Natural gas, liquefied - 3,295,892,000 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... 925,372,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 432,796,000 271012 Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... 393,396,000 730890 Structures and parts of structures, of iron or steel, n.e.s. (excluding bridges and bridge-sections, ... 141,139,000 870829 Parts and accessories of bodies for tractors, motor vehicles for the transport of ten or more ... 135,909,000 854449 Electric conductors, for a voltage <= 1.000 V, insulated, not fitted with connectors, n.e.s. 112,855,000 860310 Self-propelled railway or tramway coaches, vans and trucks, powered from an external source ... 94,611,000 720449 Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ... 91,699,000 870322 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... 89,782,000 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 Croatia’s exporters, ignoring competitiveness and tariffs