The government initiatives supporting the feasible exchange of goods and the technological evolution of industrial sectors accompanied by the utmost production capability of the manufacturing units are some of the attributing factors that have been fostering the annual export valuation. Apart from the attributing factors, the geographical location of the nation has also fostered the annual valuation as the country being situated at the crossroads of South Asia, Central Asia, and the Middle East offers direct access to the Arabian Sea through ports like Karachi and Gwadar; facilitating the efficient maritime trade routes which enhance the export capabilities.
The export trade economy of Pakistan being an integral part of the entire growth rate has contributed a significant share, resulted in an annual export valuation of 42 billion US dollars in 2024. The diversifying portfolio of the nation has kept on introducing a wide array of globally demanded products in the overall services with accurate tariff strategies for fostering the feasible exchange of goods through regional distributions, countering the annual valuations. The country's location serves as a trade conduit with the neighboring countries and bolsters the economic ties with closer geographical regions like Malaysia, leading to trade agreements aimed at enhancing bilateral trade across sectors. The infrastructure development, including the transformation plans like “Uraan Pakistan”, aims to achieve a sustainable growth rate through a severe investment in key sectors like agriculture, pharmaceuticals, and renewable energy resources.
The overall export growth of Pakistan has increased by a rate of 10.54% CAGR in 2024 due to the strong performance of the most demanded sectors like textiles, agriculture, and mechanical industries. According to the Pakistan Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,
1. Textiles and Garments - The total export trade value of Textiles and Garments exported from the nation in 2024 - 18 billion US dollars.
2. Rice - The total export trade value of Rice exported from the nation in 2024 - 4 billion US dollars.
3. Leather Products - The total export trade value of Leather Products exported from the nation in 2024 - 3 billion US dollars.
4. Sports Goods - The total export trade value of Sports Goods exported from the nation in 2024 - 1.5 billion US dollars.
5. Chemicals - The total export trade value of Chemicals exported from the nation in 2024 - 1 billion US dollars.
6. Fruits and Vegetables - The total export trade value of Fruits and Vegetables exported from the nation in 2024 - 765 million US dollars.
7. Surgical Instruments - The total export trade value of Surgical Instruments exported from the nation in 2024 - 654 million US dollars.
8. Cement - The total export trade value of Cement exported from the nation in 2024 - 478 million US dollars.
9. Handicrafts - The total export trade value of Handicrafts exported from the nation in 2024 - 345 million US dollars.
10. Electronic Equipment - The total export trade value of Electronic Equipment exported from the nation in 2024 - 286 million US dollars.
The export economy of Pakistan has solidified its resilience in the international trade market through its regional partnerships with different trade partners. Accompanied by the diversifying portfolio of export services, the country has also built up a stable trade relationship with the regions of closer geographical proximity through strategic pricing strategies. According to the Pakistan Trade Data, the top 10 export trade partners of the nation with which the country changed most of its domestically produced goods in 2024 are,
1. United States - As per the USA Import Data, the total valuation of the goods exported from Pakistan to the United States in 2024 - 7.6 billion US dollars.
Top 5 leading variants of goods exported
1. Textiles and garments
2. Rice
3. Leather products
4. Sports goods
5. Surgical instruments
2. China - As per the China Import Data, the total valuation of the goods exported from Pakistan to China in 2024 - 6.5 billion US dollars.
Top 5 leading variants of goods exported
1. Chemicals
2. Seafood
3. Fruits and vegetables
4. Dairy products
5. Handicrafts
3. United Kingdom - As per the United Kingdom Import Data, the total valuation of the goods exported from Pakistan to the United Kingdom in 2024 - 5.1 billion US dollars.
Top 5 leading variants of goods exported
1. Petroleum products
2. Pharmaceuticals
3. Gems and Jewelry
4. Electronics
5. Carpets
4. Afghanistan - As per the Afghanistan Import Data, the total valuation of the goods exported from Pakistan to Afghanistan in 2024 - 3.4 billion US dollars.
Top 5 leading variants of goods exported
1. Cement
2. Automobile parts
3. Dates
4. Handmade paper
5. Ceramic tiles
5. Germany - As per the Germany Import Data, the total valuation of the goods exported from Pakistan to Germany in 2024 - 2.7 billion US dollars.
Top 5 leading variants of goods exported
1. Wooden toys
2. Fresh fruits
3. Plastic products
4. Golden raisins
5. Sporting apparel
6. Bangladesh - As per the Bangladesh Import Data, the total valuation of the goods exported from Pakistan to Bangladesh in 2024 - 1.8 billion US dollars.
Top 5 leading variants of goods exported
1. Surgical instruments
2. Pharmaceuticals
3. Carpets and rugs
4. Chemicals
5. Gemstones
7. Spain - As per the Spain Import Data, the total valuation of the goods exported from Pakistan to Spain in 2024 - 1.5 billion US dollars.
Top 5 leading variants of goods exported
1. Cement
2. Electronics
3. Dairy products
4. Poultry products
5. Oil and gas
8. Italy - As per the Italy Import Data, the total valuation of the goods exported from Pakistan to Italy in 2024 - 1 billion US dollars.
Top 5 leading variants of goods exported
1. Sugar
2. Automobile parts
3. Construction materials
4. Seafood
5. Surgical instruments
9. Netherlands - As per the Netherlands Import Data, the total valuation of the goods exported from Pakistan to the Netherlands in 2024 - 765 million US dollars.
Top 5 leading variants of goods exported
1. Fruits
2. Leather goods
3. Dates
4. Talcum powder
5. Marble blocks
10. United Arab Emirates - As per the United Arab Emirates Import Data, the total valuation of the goods exported from Pakistan to the United Arab Emirates in 2024 - 642 million US dollars.
Top 5 leading variants of goods exported
1. Woolen carpets
2. Handmade paper
3. Knitted or crocheted apparel
4. Fertilizers
5. Petroleum products
Que. What is the export trade value of Pakistan in 2024?
Ans. The export trade value of Pakistan in 2024 is 42 billion US dollars.
Que. What is the top exported product of Pakistan in 2024?
Ans. The top exported products of Pakistan in 2024 are textiles and garments.
Que. Who is the top export trade partner of Pakistan in 2024?
Ans. The United States tops the leading export trade partners list of Pakistan in 2024.
Que. Where can you get a detailed trade analysis of the export trade market of Pakistan in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the export trade market of Pakistan in 2024.