SWEDEN - Pakistan Trade

SWEDEN RANKED NO. 32 IN 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% 32 Sweden 137,517,000 0.6% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

SWEDEN WAS THE ELEVENTH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 The EU is Pakistan’s largest export market representing 34% of exports Sweden accounted for 1.72% 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

SWEDEN RANKS NO. 36 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% 36 Sweden 258,575,000 0.43% EU is Pakistan’s largest export market and the UK is the most important export market within the EU

WITHIN THE EU, SWEDEN WAS THE SEVENTH 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. Sweden accounts for 5% of Pakistan’s imports from the EU and 0.43% of total imports from the world. The UK is the second most important import supplying market of Pakistan in the EU

PAKISTAN SWEDEN Trade Trends Bilateral trade remained similar from US$ 393.8 Mn in 2014 to US$ 396.1 Mn in 2018 in five years Pakistan’s exports to Spain rose by 2.3% during this period. Meanwhile, Spain’s exports to Pakistan decreased slightly by 0.3% during these five years. The trade deficit has reverted back during the last five years, from $125.2 Mn in 2014 to around $121.1 Mn in 2018.

PAKISTAN’S TOP 10 EXPORTS TO SWEDEN HS CODE DESCRIPTION EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) 620322 Men's or boys' ensembles of cotton (excluding knitted or crocheted, ski ensembles and swimwear) 14,095,000 27,649,000 26,170,000 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) 13,879,000 19,713,000 19,634,000 420329 Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves) 10,958,000 10,653,000 13,173,000 620342 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ... 13,302,000 16,529,000 10,454,000 100630 Semi-milled or wholly milled rice, whether or not polished or glazed 3,888,000 4,167,000 8,612,000 620349 Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials (excluding ... 4,826,000 5,899,000 7,596,000 630239 Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ... 4,467,000 5,348,000 3,674,000 630260 Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ... 3,989,000 3,488,000 3,570,000 611610 Gloves, mittens and mitts, impregnated, coated or covered with plastics or rubber, knitted ... 1,430,000 2,252,000 2,962,000 630210 Bedlinen, knitted or crocheted 2,713,000 4,310,000 2,732,000

PAKISTAN’S TOP 10 IMPORTS FROM SWEDEN HS CODE DESCRIPTION IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) 720441 Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron ... 9,477,000 19,736,000 36,167,000 480421 Unbleached sack kraft paper, uncoated, in rolls of a width > 36 cm (excluding goods of heading ... 23,259,000 26,394,000 34,635,000 481092 Multi-ply paper and paperboard, coated on one or both sides with kaolin or other inorganic ... 52,145,000 36,422,000 27,738,000 852349 Optical media for the recording of sound or of other phenomena (excluding unrecorded and goods ... - 3,399,000 11,629,000 470500 Wood pulp obtained by a combination of mechanical and chemical pulping processes 6,297,000 9,868,000 11,611,000 390410 Poly"vinyl chloride", in primary forms, not mixed with any other substances 5,425,000 6,549,000 9,869,000 720449 Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ... 3,162,000 3,972,000 7,973,000 290121 Ethylene 6,298,000 851762 Machines for the reception, conversion and transmission or regeneration of voice, images or ... 4,698,000 2,717,000 5,771,000 480100 Newsprint as specified in Note 4 to chapter 48, in rolls of a width > 36 cm or in square or ... 8,502,000 5,846,000 4,808,000

ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Exports to Sweden, 2018 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential is $2 bn HS CODE DESCRIPTION ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 372,000 372,810,000 620342 Mens or boys trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ... 10,454,000 313,283,000 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 351,000 235,347,000 220710 Undenatured ethyl alcohol, of actual alcoholic strength of >= 80% 212,353,000 610990 T-shirts, singlets and other vests of textile materials, knitted or crocheted (excluding cotton) 924,000 142,755,000 620462 Womens or girls trousers, bib and brace overalls, breeches and shorts of cotton (excluding ... 1,328,000 98,979,000 940490 Articles of bedding and similar furnishing, fitted with springs or stuffed or internally filled ... 2,637,000 86,105,000 640399 Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ... 153,000 77,980,000 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 Sweden’s imports, ignoring competitiveness and tariffs

ACTUAL IMPORTS IN 2018 (US$) Pakistan’s Theoretical Potential* for Additional Imports from Sweden, 2018 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $8.8 bn HS CODE ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... 87,000 3,115,531,000 271012 Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... - 2,765,238,000 851712 Telephones for cellular networks "mobile telephones" or for other wireless networks 833,074,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 2,513,000 430,283,000 390110 Polyethylene with a specific gravity of < 0,94, in primary forms 970,000 335,980,000 390120 Polyethylene with a specific gravity of >= 0,94, in primary forms 63,000 298,807,000 847130 Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a ... 3,000 286,170,000 870323 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... 266,725,000 720449 Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ... 7,973,000 248,965,000 851762 Machines for the reception, conversion and transmission or regeneration of voice, images or ... 5,771,000 236,971,000 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 Sweden exporters, ignoring competitiveness and tariffs