BULGARIA - Pakistan Trade

BULGARIA WAS PAKISTAN’S NINETY-THIRD 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% 93 Bulgaria 15,868,000 0.07% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

BULGARIA WAS THE 22nd LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 The EU is Pakistan’s largest export market representing 34% of exports Bulgaria 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

BULGARIA RANKS NO. 77 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% 77 Bulgaria 17,254,000 0.03% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

WITHIN THE EU, BULGARIA WAS THE 19th 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. Bulgaria accounts for 0.3% of Pakistan’s imports from the EU and 0.03% of total imports from the world. The UK is the second most important import supplying market of Pakistan in the EU

PAKISTAN BULGARIA Trade Trends Bilateral trade remained the same of US$ 33 mn as in 2014 till 2018. Pakistan’s exports to Bulgaria fell by 20% during this period of five years. Meanwhile, Bulgaria’s exports to Pakistan rose by 31% during the last five years. The trade balance between the two countries has gone in favor of Bulgaria.

PAKISTAN’S TOP 10 EXPORTS TO BULGARIA HS CODE DESCRIPTION EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) 521021 Plain woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed ... 1,712,000 2,027,000 2,065,000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 1,167,000 852,000 1,367,000 520852 Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 100 g to 200 ... 216,000 2,094,000 1,253,000 390761 Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g - 3,158,000 1,249,000 630260 Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ... 381,000 534,000 995,000 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) 153,000 346,000 573,000 630239 Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ... 48,000 238,000 551,000 610821 Women's or girls' briefs and panties of cotton, knitted or crocheted 31,000 493,000 511,000 420329 Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves) 408,000 456,000 508,000 551341 Plain woven fabrics containing predominantly, but < 85% polyester staple fibres by weight, ... 336,000 547,000 394,000

PAKISTAN’S TOP 10 IMPORTS FROM BULGARIA HS CODE DESCRIPTION IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) 870894 Steering wheels, steering columns and steering boxes, and parts thereof, for tractors, motor ... 1,161,000 3,111,000 2,894,000 630900 Worn clothing and clothing accessories, blankets and travelling rugs, household linen and articles ... 1,394,000 1,829,000 2,717,000 240120 Tobacco, partly or wholly stemmed or stripped, otherwise unmanufactured 2,312,000 1,478,000 1,910,000 283620 Disodium carbonate 990,000 1,285,000 1,670,000 720441 Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron ... 707,000 244,000 905,000 230990 Preparations of a kind used in animal feeding (excluding dog or cat food put up for retail ... 1,309,000 923,000 876,000 71320 Dried, shelled chickpeas "garbanzos", whether or not skinned or split 671,000 3,420,000 661,000 480421 Unbleached sack kraft paper, uncoated, in rolls of a width > 36 cm (excluding goods of heading ... - 618,000 853620 Automatic circuit breakers for a voltage <= 1.000 V 243,000 478,000 595,000 740911 Plates, sheets and strip, of refined copper, in coils, of a thickness of > 0,15 mm (excluding ... 332,000 515,000 555,000

ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Exports to Bulgaria, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1 Bn HS CODE DESCRIPTION ACTUAL EXPORTS IN 2018 (US$) 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 170199 Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar ... 91,479,000 390761 Poly"ethylene terephthalate", in primary forms, having a viscosity number of >= 78 ml/g 1,249,000 87,474,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 73,543,000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 1,367,000 64,016,000 740400 Waste and scrap, of copper (excluding ingots or other similar unwrought shapes, of remelted ... 57,826,000 610910 T-shirts, singlets and other vests of cotton, knitted or crocheted 133,000 48,001,000 620342 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ... 43,291,000 300439 Medicaments containing hormones or steroids used as hormones but not antibiotics, put up in ... 38,495,000 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 Bulgaria’s imports, ignoring competitiveness and tariffs

ACTUAL IMPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Imports from Bulgaria, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $3.3 BN HS CODE ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) 271012 Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... - 1,085,066,000 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... 49,000 1,021,312,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 432,796,000 291736 Terephthalic acid and its salts 171,703,000 848180 Appliances for pipes, boiler shells, tanks, vats or the like (excluding pressure-reducing valves, ... 138,465,000 840991 Parts suitable for use solely or principally with spark-ignition internal combustion piston ... 112,075,000 851712 Telephones for cellular networks "mobile telephones" or for other wireless networks 102,959,000 740311 Copper, refined, in the form of cathodes and sections of cathodes 100,724,000 853710 Boards, cabinets and similar combinations of apparatus for electric control or the distribution ... 92,978,000 840140 Parts of nuclear reactors, n.e.s. [Euratom] 87,853,000 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 Bulgaria exporters, ignoring competitiveness and tariffs