FRANCE PAKISTAN TRADE 1 FRANCE WAS PAKISTANS 12

FRANCE - PAKISTAN TRADE 1

FRANCE WAS PAKISTAN’S 12 TH 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% 12 France 446, 832, 000 2% 2

FRANCE WAS THE 7 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% France accounted for 6% of total EU Germany, 16% exports from Pakistan in 2018. Italy, 10% Spain, 11% Netherlands, 12% 3

FRANCE RANKS NO. 26 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 EXPORTS 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 26 Thailand France 1, 928, 465, 000 1, 430, 727, 000 457, 350, 000 2% 1% 4

WITHIN THE EU, FRANCE WAS THE FIFTH 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. France accounts for 8% of Pakistan’s imports from the EU and 1% 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 FRANCE TRADE TRENDS 800 668 • Bilateral trade increased from US$ 829 Mn in 2014 to US$ 904 Mn in 2018 i. e. by 9% in five years 431 400 USD Millions • Pakistan’s exports to France rose by 4% during this period, thanks to 14% growth in 2014, post GSP+ 600 398 373 447 457 400 32 0 -11 -56 2015 2016 2017 2018 -71 -200 -268 Year -400 • The trade balance in 2018 is of US$ 11 Mn in favor of France. 444 200 2014 • Meanwhile, France’s exports to Pakistan rose by 15% during the last five years. 361 417 Exports to France Imports from France Trade Balance 6

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

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

TRADE COMPLIMENTARITY* 60 51. 51 56. 6 56. 22 24. 62 24. 8 25. 67 25. 61 2015 2016 2017 2018 54. 8 53. 18 50 40 30 27. 2 20 10 0 2014 Complemetarity of PAK's Exports to FRA's Imports Complementarity of FRA's Exports to PAK's Imports * Trade complementarity is the ability of each country to satisfy the other’s import needs from its existing export pool 9

Pakistan’s Theoretical Potential* for Additional Exports to the France, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $2. 5 Bn HS CODE DESCRIPTION ACTUAL EXPORTS POTENTIAL EXPORTS IN 2018 (US$) 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 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, . . . Articles of apparel, of leather or composition leather (excluding clothing accessories, footware. . . 3, 086, 000 239, 617, 000 - 235, 930, 000 23, 357, 000 235, 291, 000 56, 373, 000 215, 616, 000 704, 000 214, 063, 000 21, 636, 000 209, 520, 000 271019 420310 630231 611595 630260 Bedlinen of cotton (excluding printed, knitted or crocheted) Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied. . . Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding. . . *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet France’s imports, ignoring competitiveness and tariffs 10

Pakistan’s Theoretical Potential* for Additional Imports from the France, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $11. 4 BN ACTUAL IMPORTS IN POTENTIAL IMPORTS IN 2018 (US$) HS CODE 271012 271019 720449 851712 271111 870321 390210 720839 300490 120510 Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. . Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, . . . Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of. . . Telephones for cellular networks "mobile telephones" or for other wireless networks Natural gas, liquefied Motor cars and other motor vehicles principally designed for the transport of persons, incl. . Polypropylene, in primary forms Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, in coils, simply. . . Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, . . . Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content. . . 44, 000 3, 720, 875, 000 1, 130, 000 3, 114, 488, 000 7, 999, 000 941, 247, 000 2, 000 833, 072, 000 - 542, 703, 000 - 542, 106, 000 42, 000 539, 096, 000 - 465, 926, 000 17, 435, 000 415, 361, 000 - 398, 941, 000 11 *Theoretical potential from switching imports from existing sources to France exporters, ignoring competitiveness and tariffs