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CYPRUS - Pakistan Trade

Explore the trade dynamics between Cyprus and Pakistan, with Cyprus being Pakistan's 112th largest export destination and the 25th largest within the EU. Discover the potential for additional exports and imports between the two countries.

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CYPRUS - Pakistan Trade

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  1. CYPRUS - Pakistan Trade

  2. CYPRUS WAS PAKISTAN’S 112ND LARGEST EXPORT DESTINATION IN 2018

  3. CYPRUS WAS THE 25TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • Cyprus accounted for 0.08% of total EU exports from Pakistan in 2018.

  4. CYPRUS RANKS NO. 108 IN PAKISTAN’S IMPORT SOURCES

  5. WITHIN THE EU, UK WAS THE SECOND HIGHETS 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. • Cyprus accounts for 0.05% of Pakistan’s imports from the EU and 0.005% of total imports from the world.

  6. PAKISTAN CYPRUS TradeTrends • Bilateral trade increased from US$ 6 Mn in 2014 to US$ 9 Mn in 2018 i.e. by 50% in four years • Pakistan’s exports to Cyprus rose by 20% during this period, thanks to 14% growth in 2014, post GSP+ • Meanwhile, Cyprus’s exports to Pakistan rose by 200%during the last four years. • The trade balance in 2018 has reverted to about the same as in 2014.

  7. PAKISTAN’S TOP 10 EXPORTS TO CYPRUS

  8. PAKISTAN’S TOP 10 IMPORTS FROM CYPRUS

  9. Pakistan’s Theoretical Potential* for Additional Exports to Cyprus, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $9 Mn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Cyprus’s imports, ignoring competitiveness and tariffs

  10. Pakistan’s Theoretical Potential* for Additional Imports from Cyprus, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $6.9 BN *Theoretical potential from switching imports from existing sources to Cyprus exporters, ignoring competitiveness and tariffs

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