1. FRANCE - Pakistan Trade

2. FRANCE WAS PAKISTAN’S 12TH 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% 12
France
446,832,000 2%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

3. FRANCE WAS THE 7TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018
The EU is Pakistan’s largest export market representing 34% of exports
France accounted for 6% 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. FRANCE RANKS NO. 26 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% 26
France
457,350,000 1%
EU is Pakistan’s largest export market and the UK is the most important export market within the EU

5. WITHIN THE EU, FRANCE WAS THE FIFTH 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.
France accounts for 8% of Pakistan’s imports from the EU and 1% of total imports from the world.
The UK is the second most important import supplying market of Pakistan in the EU

6. PAKISTAN FRANCE Trade Trends
Bilateral trade increased from US$ 829 Mn in 2014 to US$ 904 Mn in 2018 i.e. by 9% in five years
Pakistan’s exports to France rose by 4% during this period, thanks to 14% growth in 2014, post GSP+
Meanwhile, France’s exports to Pakistan rose by 15% during the last five years.
The trade balance in 2018 is of US$ 11 Mn in favor of France.

7. PAKISTAN’S TOP 10 EXPORTS TO FRANCE
HS CODE
DESCRIPTION
EXPORT VALUE 2016 (US$)
EXPORT VALUE 2017 (US$)
EXPORT VALUE 2018 (US$)
630231
Bedlinen of cotton (excluding printed, knitted or crocheted)
42,467,000
52,114,000
56,373,000
620322
Men's or boys' ensembles of cotton (excluding knitted or crocheted, ski ensembles and swimwear)
21,322,000
23,992,000
37,406,000
630210
Bedlinen, knitted or crocheted
26,779,000
32,898,000
32,347,000
630239
Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ...
15,653,000
17,344,000
24,973,000
420310
Articles of apparel, of leather or composition leather (excluding clothing accessories, footware ...
22,658,000
21,153,000
23,357,000
100630
Semi-milled or wholly milled rice, whether or not polished or glazed
5,458,000
8,521,000
23,344,000
630260
Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ...
12,923,000
15,545,000
21,636,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
25,332,000
25,490,000
17,922,000
610590
Men's or boys' shirts of textile materials, knitted or crocheted (excluding of cotton or man-made ...
16,307,000
16,447,000
15,803,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
14,332,000
12,193,000
14,841,000

8. PAKISTAN’S TOP 10 IMPORTS FROM FRANCE
HS CODE
DESCRIPTION
IMPORT VALUE 2016 (US$)
IMPORT VALUE 2017 (US$)
IMPORT VALUE 2018 (US$)
841199
Parts of gas turbines, n.e.s.
5,315,000
48,888,000
54,942,000
300220
Vaccines for human medicine
37,753,000
22,456,000
42,671,000
880390
Parts of aircraft and spacecraft, n.e.s.
10,195,000
17,900,000
27,226,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
13,813,000
13,990,000
17,435,000
300431
Medicaments containing insulin but not antibiotics, put up in measured doses "incl. those in ...
7,361,000
10,571,000
14,479,000
381121
Prepared additives for oil lubricants containing petroleum oil or bituminous mineral oil
6,581,000
5,150,000
13,209,000
300230
Vaccines for veterinary medicine
6,490,000
9,167,000
10,374,000
40410
Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening ...
12,694,000
12,343,000
8,162,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
4,807,000
5,820,000
7,999,000
840710
Spark-ignition reciprocating or rotary internal combustion piston engine, for aircraft
2,320,000
871,000
7,170,000

9. TRADE COMPLIMENTARITY*
* Trade complementarity is the ability of each country to satisfy the other’s import needs from its existing export pool

10. ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Exports to the France, 2017
Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2.5 Bn
HS CODE
DESCRIPTION
ACTUAL EXPORTS IN 2018 (US$)
POTENTIAL EXPORTS IN 2018 (US$)
100630
Semi-milled or wholly milled rice, whether or not polished or glazed
23,344,000
361,242,000
901890
Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
14,841,000
358,341,000
620342
Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ...
17,922,000
331,067,000
270900
Petroleum oils and oils obtained from bituminous minerals, crude -
262,067,000
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
3,086,000
239,617,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
235,930,000
420310
Articles of apparel, of leather or composition leather (excluding clothing accessories, footware ...
23,357,000
235,291,000
630231
Bedlinen of cotton (excluding printed, knitted or crocheted)
56,373,000
215,616,000
611595
Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied ...
704,000
214,063,000
630260
Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ...
21,636,000
209,520,000
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 France’s imports,
ignoring competitiveness and tariffs

11. ACTUAL IMPORTS IN 2018 (US$)
Pakistan’s Theoretical Potential* for Additional Imports from the France, 2017
Top 10 Potential Products (HS 06). Aggregate theoretical potential is $11.4 BN
HS CODE
ACTUAL IMPORTS IN 2018 (US$)
POTENTIAL IMPORTS IN
2018 (US$)
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ...
44,000
3,720,875,000
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ...
1,130,000
3,114,488,000
720449
Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ...
7,999,000
941,247,000
851712
Telephones for cellular networks "mobile telephones" or for other wireless networks
2,000
833,072,000
271111
Natural gas, liquefied -
542,703,000
870321
Motor cars and other motor vehicles principally designed for the transport of persons, incl. ...
542,106,000
390210
Polypropylene, in primary forms
42,000
539,096,000
720839
Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, in coils, simply ...
465,926,000
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ...
17,435,000
415,361,000
120510
Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content ...
398,941,000
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 France exporters, ignoring competitiveness and
tariffs