1. BULGARIA - Pakistan Trade

2. 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

3. 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

4. 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

5. 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

6. 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.

7. 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
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

8. 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 <= 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

9. 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

10. 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