MALTA - Pakistan Trade

MALTA RANKED NO. 121 AS 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% 121 Malta 3,794,000 0.016% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

MALTA WAS THE 27TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 The EU is Pakistan’s largest export market representing 34% of exports Malta accounted for 0.05% 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

MALTA RANKS NO. 143 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% 143 Malta 3,794,000 0.001% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

WITHIN THE EU, MALTA WAS THE SMALLEST 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. Malta accounts for 0.01% of Pakistan’s imports from the EU and 0.001% of total imports from the world. The UK is the second most important import supplying market of Pakistan in the EU

PAKISTAN MALTA Trade Trends Bilateral trade decreased from US$ 7.7 Mn in 2014 to US$ 4.1 Mn in 2018 i.e. by 46.8% in five years. Pakistan’s exports to Malta fell by 50% during this period. Meanwhile, Malta’s exports to Pakistan rose from 0.1 Mn to 0.3 Mn during the last five years. The trade surplus in 2018 has decreased in the past five years, from $7.5 Mn in 2014 to around $3.5 Mn in 2018.

PAKISTAN’S TOP 10 EXPORTS TO Malta HS CODE DESCRIPTION EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) 630260 Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding . . . 923,000 1,111,000 1,123,000 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) 611,000 563,000 768,000 630239 Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or . . . 724,000 578,000 479,000 630210 Bedlinen, knitted or crocheted 239,000 303,000 332,000 610349 Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials, . . . 18,000 60,000 113,000 611090 Jerseys, pullovers, cardigans, waistcoats and similar articles, of textile materials, knitted . . . 29,000 52,000 100,000 940490 Articles of bedding and similar furnishing, fitted with springs or stuffed or internally filled . . . 45,000 33,000 94,000 521021 Plain woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed . . . 30,000 58,000 82,000 610339 Men's or boys' jackets and blazers of textile materials (excluding of wool, fine animal hair, . . . 12,000 7,000 71,000 611595 Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied . . . 63,000

PAKISTAN’S TOP 10 IMPORTS FROM MALTA HS CODE DESCRIPTION IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) 470790 Recovered "waste and scrap" paper or paperboard, incl. unsorted waste and scrap (excluding ... 351,000 93,000 94,000 853890 Parts suitable for use solely or principally with the apparatus of heading 8535, 8536 or 8537, ... 501,000 52,000 48,000 482110 Paper or paperboard labels of all kinds, printed - 35,000 853710 Boards, cabinets and similar combinations of apparatus for electric control or the distribution ... 43,000 62,000 26,000 842839 Continuous-action elevators and conveyors, for goods or materials (excluding those for underground ... 21,000 720449 Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ... 31,000 18,000 851762 Machines for the reception, conversion and transmission or regeneration of voice, images or ... 16,000 843149 Parts of machinery of heading 8426, 8429 and 8430, n.e.s. 17,000 8,000 14,000 843131 Parts of lifts, skip hoists or escalators, n.e.s. 10,000 844110 Cutting machines for making up paper pulp, paper or paperboard (excluding bookbinding machinery ... 9,000

ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Exports to Malta, 2018 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential is $22 Mn HS CODE DESCRIPTION ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 15,000 13,788,000 100630 Semi-milled or wholly milled rice, whether or not polished or glazed 49,000 3,376,000 940490 Articles of bedding and similar furnishing, fitted with springs or stuffed or internally filled . . . 94,000 2,017,000 630260 Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding . . . 1,123,000 1,173,000 611595 Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied . . . 63,000 945,000 701337 Drinking glasses (excluding glasses of glass ceramics or of lead crystal and stemware) 42,000 886,000 630710 Floorcloths, dishcloths, dusters and similar cleaning cloths, of all types of textile materials 50,000 696,000 611090 Jerseys, pullovers, cardigans, waistcoats and similar articles, of textile materials, knitted . . . 100,000 356,000 610469 Women's or girls' trousers, bib and brace overalls, breeches and shorts of textile materials, . . . 48,000 314,000 950662 Inflatable balls 14,000 257,000 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 Malta’s imports, ignoring competitiveness and tariffs

ACTUAL IMPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Imports from Malta, 2018 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $5.2 bn HS CODE ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) 270112 Bituminous coal, whether or not pulverised, non-agglomerated - 1,224,591,000 120110 Soya bean seed, for sowing 943,367,000 720441 Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron ... 585,063,000 890800 Vessels and other floating structures for breaking up 515,542,000 720839 Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, in coils, simply ... 465,926,000 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... 386,109,000 290243 P-Xylene 365,516,000 722530 Flat-rolled products of alloy steel other than stainless, of a width of >= 600 mm, not further ... 298,230,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 251,794,000 291736 Terephthalic acid and its salts 171,703,000 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 Malta exporters, ignoring competitiveness and tariffs