GREECE PAKISTAN TRADE 1 GREECE WAS PAKISTANS 44

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GREECE - PAKISTAN TRADE 1

GREECE - PAKISTAN TRADE 1

GREECE WAS PAKISTAN’S 44 TH LARGEST EXPORT DESTINATION IN 2018 RANK COUNTRY World EXPORT

GREECE WAS PAKISTAN’S 44 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% 44 Greece 82, 095, 000 0. 3% 2

GREECE WAS THE 12 TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 Portugal,

GREECE WAS THE 12 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% Greece accounted for 1% of total EU Germany, 16% exports from Pakistan in 2018. Italy, 10% Spain, 11% Netherlands, 12% 3

GREECE RANKS NO. 75 IN PAKISTAN’S IMPORT SOURCES RANK COUNTRY 1 2 World China

GREECE RANKS NO. 75 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 75 Thailand Greece 1, 928, 465, 000 1, 430, 727, 000 18, 166, 000 2% 0. 03% 4

WITHIN THE EU, GREECE WAS THE 18 TH HIGHEST EXPORTER TO PAKISTAN IN 2018

WITHIN THE EU, GREECE WAS THE 18 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. Greece accounts for 0. 3% of Pakistan’s imports from the EU and 0. 03% 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 GREECE TRADE TRENDS 90 82 80 • Bilateral trade increased from US$ 80

PAKISTAN GREECE TRADE TRENDS 90 82 80 • Bilateral trade increased from US$ 80 Mn in 2014 to US$ 100 Mn in 2018 i. e. by 25% in four years • Meanwhile, Greece’s exports to Pakistan rose by 100% during the last five years. • The trade balance in 2018 is $64 Mn in favor of Pakistan 60 USD Millions • Pakistan’s exports to Greece rose by 14% during this period, thanks to 14% growth in 2014, post GSP+ 70 70 69 61 62 60 50 50 64 54 56 40 30 18 20 10 13 9 9 8 2014 2015 2016 Year 0 Exports to Greece Imports from Greece 2017 Trade Balance 2018 6

PAKISTAN’S TOP 10 EXPORTS TO GREECE HS CODE 630260 630231 630239 100630 DESCRIPTION Toilet

PAKISTAN’S TOP 10 EXPORTS TO GREECE HS CODE 630260 630231 630239 100630 DESCRIPTION Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding. . . Bedlinen of cotton (excluding printed, knitted or crocheted) Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or. . . EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) 10, 024, 000 10, 744, 000 12, 500, 000 4, 977, 000 6, 691, 000 8, 619, 000 2, 495, 000 3, 591, 000 5, 152, 000 884, 000 1, 163, 000 4, 217, 000 521021 Semi-milled or wholly milled rice, whether or not polished or glazed Plain woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed. . . 3, 379, 000 3, 896, 000 3, 754, 000 390319 Polystyrene, in primary forms (excluding expansible) 2, 193, 000 3, 453, 000 2, 991, 000 630210 Bedlinen, knitted or crocheted Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 200 g/m², . . . Articles of apparel, of leather or composition leather (excluding clothing accessories, footware. . . Single cotton yarn, of uncombed fibres, containing >= 85% cotton by weight and with a linear. . . 1, 880, 000 2, 894, 000 2, 302, 000 940, 000 1, 203, 000 1, 915, 000 1, 890, 000 2, 203, 000 1, 795, 000 - 9, 000 1, 215, 000 520821 420310 520512 7

PAKISTAN’S TOP 10 IMPORTS FROM GREECE HS CODE DESCRIPTION 520100 Cotton, neither carded nor

PAKISTAN’S TOP 10 IMPORTS FROM GREECE HS CODE DESCRIPTION 520100 Cotton, neither carded nor combed 780110 Unwrought lead, refined Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of. . . Juice of fruit or vegetables, unfermented, whether or not containing added sugar or other sweetening. . . Brakes (other than air brakes), and parts thereof, for railway or tramway locomotives or rolling. . . Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, . . . Skins of sheep or lambs, in the wet state "incl. wet-blue", tanned, without wool on, whether. . . Agricultural or horticultural mechanical appliances, whether or not handoperated, for projecting. . . Air conditioning machines comprising a motor-driven fan, not incorporating a refrigerating. . . Printed books, brochures and similar printed matter (excluding those in single sheets; dictionaries, . . . 720449 200989 860729 300490 410510 842482 841583 490199 IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) 31, 000 4, 411, 000 5, 971, 000 - - 2, 895, 000 845, 000 1, 179, 000 1, 075, 000 366, 000 1, 115, 000 983, 000 - - 728, 000 19, 000 17, 000 616, 000 - - 518, 000 - 261, 000 486, 000 142, 000 1, 202, 000 433, 000 - 38, 000 359, 000 8

TRADE COMPLIMENTARITY* 100 90 63. 84 60. 92 58. 75 58. 85 61. 34

TRADE COMPLIMENTARITY* 100 90 63. 84 60. 92 58. 75 58. 85 61. 34 25. 82 24. 43 25. 1 24. 87 24. 73 2014 2015 2016 2017 2018 80 70 60 50 40 30 20 10 0 Complimentarity of Pakistan's exports with Greece's imports Complimentarity of Greece's exports with Pakistan'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 Greece, 2017 Top 10 Potential Products

Pakistan’s Theoretical Potential* for Additional Exports to the Greece, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1. 4 Bn HS CODE 270900 DESCRIPTION ACTUAL EXPORTS POTENTIAL EXPORTS IN 2018 (US$) 271019 Petroleum oils and oils obtained from bituminous minerals, crude Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, . . . 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n. e. s. 610910 1, 084, 000 159, 214, 000 170199 T-shirts, singlets and other vests of cotton, knitted or crocheted Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar. . . - 128, 211, 000 620342 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding. . . 1, 095, 000 107, 597, 000 20110 Carcases or half-carcases of bovine animals, fresh or chilled Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding. . . Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather. . . Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, . . . - 91, 089, 000 242, 000 88, 120, 000 574, 000 77, 559, 000 73, 536, 000 620462 640399 300490 - 262, 067, 000 - 235, 930, 000 352, 000 199, 872, 000 *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Greece’s imports, ignoring competitiveness and tariffs 10

Pakistan’s Theoretical Potential* for Additional Imports from the Greece, 2017 Top 10 Potential Products

Pakistan’s Theoretical Potential* for Additional Imports from the Greece, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $8 BN ACTUAL IMPORTS IN POTENTIAL IMPORTS IN 2018 (US$) HS CODE 271012 271019 300490 520100 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, . . . Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, . . . - 3, 143, 323, 000 57, 000 3, 115, 561, 000 616, 000 432, 180, 000 5, 971, 000 393, 503, 000 1, 000 286, 172, 000 847130 Cotton, neither carded nor combed Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a. . . 390210 Polypropylene, in primary forms - 239, 912, 000 271320 Petroleum bitumen Electric conductors, for a voltage <= 1. 000 V, insulated, not fitted with connectors, n. e. s. - 114, 585, 000 - 112, 855, 000 Fresh grapes Structures and parts of structures, of iron or steel, n. e. s. (excluding bridges and bridge-sections, . . . - 105, 297, 000 3, 000 103, 886, 000 854449 80610 730890 11 *Theoretical potential from switching imports from existing sources to Greece exporters, ignoring competitiveness and tariffs