Pakistan-Greece Trade Analysis: Trends, Statistics & Insights

GREECE - PAKISTAN TRADE 1

GREECE WAS PAKISTANS 44TH LARGEST EXPORT DESTINATION IN 2018 RANK COUNTRY EXPORT VALUE (US$) % SHARE IN TOTAL EXPORTS World United States of America China United Kingdom Afghanistan Germany United Arab Emirates Netherlands Spain Bangladesh Greece 23,630,893,000 3,802,500,000 1,818,069,000 1,728,637,000 1,347,934,000 1,310,444,000 983,575,000 942,802,000 922,898,000 783,825,000 82,095,000 1 2 3 4 5 6 7 8 9 44 16% 8% 7% 6% 6% 4% 4% 4% 3% 0.3% 2

GREECE WAS THE 12TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 Denmark, 2% Portugal, 2% United Kingdom, 22% Other, 8% Poland, 3% France, 6% The EU is Pakistan s largest export market representing 34% of exports Belgium, 8% Greece accounted for 1% of total EU exports from Pakistan in 2018. Germany, 16% Italy, 10% Netherlands, 12% Spain, 11% 3

GREECE RANKS NO. 75 IN PAKISTANS IMPORT SOURCES RANK COUNTRY World China United Arab Emirates IMPORT VALUE (US$) 60,162,862,000 14,544,687,000 8,668,637,000 3,242,349,000 2,946,715,000 2,502,372,000 2,386,183,000 2,273,024,000 1,928,465,000 1,430,727,000 % SHARE IN TOTAL EXPORTS 1 2 24% 14% 3 4 5 6 7 8 9 75 Saudi Arabia United States of America Indonesia Qatar Japan India Thailand Greece 5% 5% 4% 4% 4% 3% 2% 18,166,000 0.03% 4

WITHIN THE EU, GREECE WAS THE 18TH HIGHEST EXPORTER TO PAKISTAN IN 2018 Germany, 24% Finland, 3% Other, 10% EU is Pakistan s 3rd largest import partner after China and UAE. Austria, 3% Spain, 4% Imports from the EU stood at $5.46 billion in 2018. Sweden, 5% Belgium, 6% Greece accounts for 0.3% of Pakistan s imports from the EU and 0.03% of total imports from the world. United Kingdom, 16% France, 8% Netherlands, 10% Italy, 11% 5

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

PAKISTANS TOP 10 EXPORTS TO GREECE EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) HS CODE DESCRIPTION Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ... 630260 10,024,000 10,744,000 12,500,000 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ... 4,977,000 6,691,000 8,619,000 630239 2,495,000 3,591,000 5,152,000 100630 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 ... 884,000 1,163,000 4,217,000 521021 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/m , ... 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 520821 940,000 1,203,000 1,915,000 420310 1,890,000 2,203,000 1,795,000 520512 - 9,000 1,215,000 7

PAKISTANS TOP 10 IMPORTS FROM GREECE IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) HS CODE DESCRIPTION 520100 Cotton, neither carded nor combed 31,000 4,411,000 5,971,000 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 hand-operated, 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, ... - - 2,895,000 720449 845,000 1,179,000 1,075,000 200989 366,000 1,115,000 983,000 860729 - - 728,000 300490 19,000 17,000 616,000 410510 - - 518,000 842482 - 261,000 486,000 841583 142,000 1,202,000 433,000 490199 - 38,000 359,000 8

TRADE COMPLIMENTARITY* 100 63.84 61.34 60.92 58.75 58.85 90 80 70 60 50 40 25.82 25.1 24.87 24.73 24.43 30 20 10 0 2014 2015 2016 2017 2018 Complimentarity of Greece's exports with Pakistan's imports Complimentarity of Pakistan's exports with Greece's imports * Trade complementarity is the ability of each country to satisfy the other s import needs from its existing export pool 9

Pakistans Theoretical Potential* for Additional Exports to the Greece, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.4 Bn ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) HS CODE DESCRIPTION 270900 Petroleum oils and oils obtained from bituminous minerals, crude - 262,067,000 271019 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. 352,000 199,872,000 610910 T-shirts, singlets and other vests of cotton, knitted or crocheted 1,084,000 159,214,000 170199 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 - 91,089,000 620462 Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ... 242,000 88,120,000 640399 Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ... 574,000 77,559,000 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... *Theoretical potential from diverting Pakistan s existing exports from other countries to meet Greece s imports, ignoring competitiveness and tariffs 300490 7,000 73,536,000 10

Pakistans Theoretical Potential* for Additional Imports from the Greece, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $8 BN ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) HS CODE Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... 271012 - 3,143,323,000 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... 57,000 3,115,561,000 300490 616,000 432,180,000 520100 Cotton, neither carded nor combed 5,971,000 393,503,000 847130 Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a ... 1,000 286,172,000 390210 Polypropylene, in primary forms - 239,912,000 271320 Petroleum bitumen - 114,585,000 854449 Electric conductors, for a voltage <= 1.000 V, insulated, not fitted with connectors, n.e.s. - 112,855,000 Fresh grapes Structures and parts of structures, of iron or steel, n.e.s. (excluding bridges and bridge-sections, ... *Theoretical potential from switching imports from existing sources to Greece exporters, ignoring competitiveness and tariffs 80610 - 105,297,000 730890 3,000 103,886,000 11