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FRANCE - Pakistan Trade. FRANCE WAS PAKISTAN’S 12TH LARGEST EXPORT DESTINATION IN 2018. FRANCE WAS THE 7 TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018. The EU is Pakistan’s largest export market representing 34% of exports
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FRANCE WAS PAKISTAN’S 12TH LARGEST EXPORT DESTINATION IN 2018
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.
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 $5.46 billion in 2018. • France accounts for 8% of Pakistan’s imports from the EU and 1% of total imports from the world.
PAKISTAN FRANCE TradeTrends • Bilateral trade increased from US$ 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.
TRADE COMPLIMENTARITY* * Trade complementarity is the ability of each country to satisfy the other’s import needs from its existing export pool
Pakistan’s Theoretical Potential* for Additional Exports to the France, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2.5 Bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet France’s imports, ignoring competitiveness and tariffs
Pakistan’s Theoretical Potential* for Additional Imports from the France, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $11.4 BN *Theoretical potential from switching imports from existing sources to France exporters, ignoring competitiveness and tariffs