FINLAND PAKISTAN TRADE 1 FINLAND WAS PAKISTANS 72

FINLAND - PAKISTAN TRADE 1

FINLAND WAS PAKISTAN’S 72 ND LARGEST EXPORT DESTINATION IN 2018 RANK COUNTRY World EXPORT VALUE (US$) % SHARE IN TOTAL EXPORTS 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% 6 United Arab Emirates 983, 575, 000 4% 7 Netherlands 942, 802, 000 4% 8 Spain 922, 898, 000 4% 9 Bangladesh 783, 825, 000 3% 72 Finland 27, 668, 000 0. 1% 2

FINLAND WAS THE 17 th LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 Portugal, Denmark, 2% 2% Poland, 3% The EU is Pakistan’s largest export United Kingdom, 22% Other, 8% France, 6% market representing 34% of exports Belgium, 8% Finland accounted for 0. 3% of total EU Germany, 16% exports from Pakistan in 2018. Italy, 10% Spain, 11% Netherlands, 12% 3

FINLAND RANKS NO. 40 IN PAKISTAN’S IMPORT SOURCES RANK COUNTRY 1 2 World China United Arab Emirates 3 4 5 6 IMPORT VALUE (US$) 60, 162, 862, 000 14, 544, 687, 000 % SHARE IN TOTAL IMPORTS 8, 668, 637, 000 24% 14% Saudi Arabia United States of America Indonesia Qatar 3, 242, 349, 000 2, 946, 715, 000 2, 502, 372, 000 2, 386, 183, 000 5% 5% 4% 4% 7 Japan 2, 273, 024, 000 4% 8 India 3% 9 40 Thailand Finland 1, 928, 465, 000 1, 430, 727, 000 141, 212, 000 2% 0. 2% 4

WITHIN THE EU, FINLAND WAS THE 10 TH HIGHEST EXPORTER TO PAKISTAN IN 2018 EU is Pakistan’s 3 rd largest import partner after China and UAE. Imports from the EU stood at $5. 46 billion in 2018. Finland accounts for 2. 5% of Pakistan’s imports from the EU and 0. 2% of total imports from the world. Finland, 3% Germany, 24% Other, 10% Austria, 3% Spain, 4% Sweden, 5% Belgium, 6% United Kingdom, 16% France, 8% Netherlands, 10% Italy, 11% 5

PAKISTAN FINLAND TRADE TRENDS 200 • Bilateral trade increased from US$ 122 Mn in 2014 to US$ 169 Mn in 2018 i. e. by 39% in five years 141 150 95 100 • Meanwhile, Finland’s exports to Pakistan rose by 127% during the last five years. • The trade balance in 2018 has gone up $144 Mn in favor of Finland. 34 50 0 -2 2014 64 63 60 62 USD Millions • Pakistan’s exports to Finland went down by 53% during this period. 27 2015 -50 2016 -35 34 28 2017 -30 2018 -61 -100 -114 -150 Year Exports to Finland Imports from Finland Trade Balance 6

PAKISTAN’S TOP 10 EXPORTS TO FINLAND HS CODE 420329 630231 620322 610349 630260 420321 420310 620342 611090 620349 DESCRIPTION Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves) Bedlinen of cotton (excluding printed, knitted or crocheted) Men's or boys' ensembles of cotton (excluding knitted or crocheted, ski ensembles and swimwear) Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials, . . . Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding. . . Specially designed gloves for use in sport, of leather or composition leather Articles of apparel, of leather or composition leather (excluding clothing accessories, footware. . . Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding. . . Jerseys, pullovers, cardigans, waistcoats and similar articles, of textile materials, knitted. . . Men's or boys' trousers, bib and brace overalls, breeches and shorts of textile materials (excluding. . . EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) 4, 284, 000 4, 288, 000 3, 976, 000 2, 236, 000 6, 185, 000 3, 561, 000 616, 000 1, 364, 000 1, 130, 000 1, 527, 000 1, 369, 000 1, 125, 000 447, 000 570, 000 965, 000 656, 000 731, 000 805, 000 1, 185, 000 651, 000 679, 000 546, 000 303, 000 662, 000 225, 000 255, 000 596, 000 256, 000 358, 000 591, 000 7

PAKISTAN’S TOP 10 IMPORTS FROM FINLAND HS CODE 851762 720441 850239 854449 350790 481092 850440 760200 470321 852349 DESCRIPTION Machines for the reception, conversion and transmission or regeneration of voice, images or. . . Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron. . . Generating sets (excluding wind-powered and powered by spark-ignition internal combustion piston. . . Electric conductors, for a voltage <= 1. 000 V, insulated, not fitted with connectors, n. e. s. Enzymes and prepared enzymes, n. e. s. (excluding rennet and concentrates thereof) Multi-ply paper and paperboard, coated on one or both sides with kaolin or other inorganic. . . Static converters Waste and scrap, of aluminium (excluding slags, scale and the like from iron and steel production, . . . Semi-bleached or bleached coniferous chemical wood pulp, soda or sulphate (excluding dissolving. . . Optical media for the recording of sound or of other phenomena (excluding unrecorded and goods. . . IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) 317, 000 1, 774, 000 45, 625, 000 2, 226, 000 2, 840, 000 15, 403, 000 5, 189, 000 3, 442, 000 9, 020, 000 18, 000 65, 000 6, 491, 000 8, 633, 000 9, 252, 000 5, 608, 000 98, 000 3, 819, 000 4, 532, 000 3, 113, 000 4, 918, 000 4, 507, 000 3, 071, 000 2, 913, 000 3, 876, 000 1, 653, 000 1, 693, 000 2, 597, 000 292, 000 2, 548, 000 8

Pakistan’s Theoretical Potential* for Additional Exports to the Finland, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1. 5 Bn HS CODE DESCRIPTION ACTUAL EXPORTS POTENTIAL EXPORTS IN 2018 (US$) 220710 Undenatured ethyl alcohol, of actual alcoholic strength of >= 80% - 425, 499, 000 270900 - 262, 067, 000 271019 Petroleum oils and oils obtained from bituminous minerals, crude Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, . . . - 235, 930, 000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n. e. s. 189, 000 202, 799, 000 610910 T-shirts, singlets and other vests of cotton, knitted or crocheted 236, 000 82, 039, 000 620342 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding. . . Jerseys, pullovers, cardigans, waistcoats and similar articles, of cotton, knitted or crocheted. . . Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, . . . 662, 000 77, 082, 000 39, 000 74, 130, 000 - 73, 543, 000 Articles of bedding and similar furnishing, fitted with springs or stuffed or internally filled. . . Medicaments containing hormones or steroids used as hormones but not antibiotics, put up in. . . 422, 000 64, 887, 000 - 60, 485, 000 611020 300490 940490 300439 *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Finland’s imports, ignoring competitiveness and tariffs 9

Pakistan’s Theoretical Potential* for Additional Imports from the Finland, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $7. 4 BN ACTUAL IMPORTS IN POTENTIAL IMPORTS IN 2018 (US$) HS CODE 271019 271012 890800 300490 870323 390210 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, . . . Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. . Vessels and other floating structures for breaking up Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, . . . Motor cars and other motor vehicles principally designed for the transport of persons, incl. . 870322 Polypropylene, in primary forms Machines for the reception, conversion and transmission or regeneration of voice, images or. . . Motor cars and other motor vehicles principally designed for the transport of persons, incl. . 390110 Polyethylene with a specific gravity of < 0, 94, in primary forms 847989 Machines and mechanical appliances, n. e. s. 851762 11, 000 3, 115, 607, 000 - 2, 170, 749, 000 - 515, 542, 000 284, 000 432, 512, 000 - 266, 725, 000 - 218, 994, 000 45, 625, 000 197, 117, 000 20, 000 190, 077, 000 638, 000 180, 000 - 170, 309, 000 10 *Theoretical potential from switching imports from existing sources to Finland exporters, ignoring competitiveness and tariffs