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TOPIC: PAKISTAN MAJOR IMPORT & EXPORT COMMODITIES & COUNTRIES SECTION: C SUBMITTED BY: AQIFA WARIS L1F09BBAM2239 SUBMITTED TO: PROF.FARZANA RIZVI
Pakistan export:
Total value of exports: US$20.29 billion
2).Textile Manufacturers: Synthetic textiles Readymade garments Bed linen Raw cotton Cotton cloth, fabrics, thread, bags, sacks. Cotton yarn Cotton waste Art Silk & synthetic textile Towel Knitwear Tents & canvas goods Lace & Embroidery 3). Metal & Minerals: Petroleum (Petroleum crude & Petroleum products) Cutlery Jewelry Marbles & stones Pig iron 4).Engineering manufacturing goods:
Chemicals and Pharmaceutical products. Rubber manufacturers Paper & paper board. Machinery & transport equipment Electric Machinery and Appliances( electric fans, electric parts) Household equipment
5). Others: Sports goods ( footballs, sports gloves) Carpets, rugs & tents. Leather goods ( leather & canvas footwear)
Pakistan Import:
Pakistan imports were worth 3757 Million USD in April of 2012. Historically, from 2003 until 2012, Pakistan Imports averaged 2324.6 Million USD reaching an all time high of 3694.0 Million USD in September of 2008 and a record low of 918.7 Million USD in February of 2003. Pakistans imports are also highly concentrated in few items namely, machinery, petroleum and petroleum products, chemicals, transport equipment, edible oil, iron and steel, fertilizer and tea. These imports accounted for 73% of total imports. Among these categories machinery, petroleum/petroleum products and chemicals accounted for 53.4% of total imports. Pakistan's failure to explore and exploit its own oil and gas resources to its full capacity has led to them relying on imports to meet the growing energy demands in the country. By 2011, experts forecasts that Pakistan's oil imports will rise to US$13.221 billion from the US$10.089 billion in 2010.
Power generators Transportation equipment, Vehicles and spare parts. Road motor vehicles Telecom & sound recording equipments Electrical machinery & apparatus Construction & mining machinery Textile & agriculture machinery Aircrafts ,ships & boats Railway vehicles
Organic & inorganic chemicals Medicines & medical products or instruments. Manufactured fertilizer Insecticides
3).OTHERS: Crude Petroleum & petroleum products, Plastics & Plastic material. Edible oils, palm oil, soyabean oil & oil seeds Iron ore, concentrates and steel, Tea Paper Board Perfumes Coke Synthetic & artificial silk yarn Rubber tyres & tubes Gas natural & manufactured Dyeing colours Pulses Musical instruments & parts Wood & cork Jute Milk & cream Powdered milk for babies Chocolate & ice cream Optical goods
Gold jewelry
Asian Countries Japan, Hong Kong, China, Singapore, Malaysia, Indonesia and various other countries can be included in this group. Our exports to these countries has been decreasing every year, and imports have increase too much so due to these circumstance the balance of trade go in the favour of these countries. Japan is the top buyer of our export goods in Asian countries, but we have to import large amount of machinery, chemicals, transport equipments and various other items from Japan. Besides Japan we do trade with others. Asian countries, such as Malaysia and Indonesia we import palm oil from them and Tea from Sri Lanka and Bangladesh. R.C.D. Countries Iran, Turkey and newly Independent Central Asian Republics namely Tajikistan, Uzbekistan, Azerbaijan and Turkmanistan are included in this group. Pakistani exports to Turkey and Iran are quite enough. Although all these countries are trying to make their balances of trade favourable, but inspite of various measures taken by the concerned countries, still Pakistans imports are greater than exports, so the balance of trade remains to the favour of these countries. East European Countries This group includes countries of Eastern Europe such as Poland, U.S.S.R., Romania, Hungary, Yugoslavia, Greece and others. Such countries import large amount of our export goods such as rice, cotton cloth, sports goods, carpets and various other items, but our imports are comparatively less than our exports, so balance of trade is in favour of our country.