Analysis of Estonia-Pakistan Trade Relations: 2018 Insights
The trade dynamics between Estonia and Pakistan in 2018 reveal interesting trends. Estonia emerged as Pakistan's 79th largest export destination, with exports primarily comprising machinery, equipment, and textiles. Within the EU, Estonia ranked 25th as an exporter to Pakistan. In terms of imports, Estonia stood at 99th in Pakistan's import sources, mainly importing textiles, leather, and seafood. Bilateral trade between the two countries has shown a positive trajectory, with both countries experiencing growth in exports and imports. Despite being relatively small players in each other's trade landscapes, there is potential for further collaboration and expansion.
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ESTONIA WAS PAKISTANS 79TH LARGEST EXPORT DESTINATION IN 2018 RANK COUNTRY EXPORT VALUE (US$) % SHARE IN TOTAL EXPORTS World United States of America China United Kingdom Afghanistan Germany United Arab Emirates Netherlands Spain Bangladesh Estonia 23,630,893,000 3,802,500,000 1,818,069,000 1,728,637,000 1,347,934,000 1,310,444,000 983,575,000 942,802,000 922,898,000 783,825,000 23,400,000 1 2 3 4 5 6 7 8 9 79 16% 8% 7% 6% 6% 4% 4% 4% 3% 0.1% 2
ESTONIA WAS THE 19TH LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 Denmark, 2% Portugal, 2% United Kingdom, 22% Other, 8% Poland, 3% France, 6% The EU is Pakistan s largest export market representing 34% of exports Belgium, 8% Estonia accounted for 0.3% of total EU exports from Pakistan in 2018. Germany, 16% Italy, 10% Netherlands, 12% Spain, 11% 3
ESTONIA RANKS NO. 99 IN PAKISTANS IMPORT SOURCES RANK COUNTRY World China United Arab Emirates IMPORT VALUE (US$) 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 IMPORTS 1 2 24% 14% 3 4 5 6 7 8 9 99 Saudi Arabia United States of America Indonesia Qatar Japan India Thailand Estonia 5% 5% 4% 4% 4% 3% 2% 3,639,000 0.01% 4
WITHIN THE EU, ESTONIA WAS THE 25TH 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 $5.46 billion in 2018. Sweden, 5% Belgium, 6% Estonia accounts for 0.07% of Pakistan s imports from the EU and 0.01% of total imports from the world. United Kingdom, 16% France, 8% Netherlands, 10% Italy, 11% 5
PAKISTAN ESTONIA TRADETRENDS 25 23 21 Bilateral trade increased from US$ 23 Mn in 2014 to US$ 27 Mn in 2018 i.e. by 17% in five years 20 20 19 16 16 15 15 USD Millions Pakistan s exports to Estonia rose by 9.5% during this period, thanks to 14% growth in 2014, post GSP+ 14 13 10 10 Meanwhile, Estonia s exports to Pakistan rose by 100% during the last five years. 4 5 4 3 2 2 The trade balance in 2018 has remained more or less the same US$ 20 Mn. 0 2014 2015 2016 Year 2017 2018 Exports to Estonia Imports to Estonia Trade Balance 6
PAKISTANS TOP 10 EXPORTS TO ESTONIA EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) HS CODE DESCRIPTION 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ... Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves) 248,000 144,000 3,003,000 630239 885,000 1,403,000 2,783,000 420329 1,810,000 1,746,000 2,643,000 630210 Bedlinen, knitted or crocheted Plain woven fabrics of cotton, containing predominantly, but < 85% cotton by weight, mixed ... Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ... 338,000 103,000 1,706,000 521021 1,591,000 1,017,000 1,544,000 630260 1,149,000 1,275,000 1,229,000 520299 Cotton waste (excluding yarn waste, thread waste and garnetted stock) Articles of apparel, of leather or composition leather (excluding clothing accessories, footware ... Full-length or knee-length stockings, socks and other hosiery, incl. footwear without applied ... Curtains, incl. drapes, and interior blinds, curtain or bed valances of cotton (excluding knitted ... 841,000 458,000 1,064,000 420310 576,000 551,000 882,000 611595 317,000 220,000 566,000 630391 - - 543,000 7
PAKISTANS TOP 10 IMPORTS FROM ESTONIA IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) HS CODE DESCRIPTION Worn clothing and clothing accessories, blankets and travelling rugs, household linen and articles ... Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ... 630900 675,000 1,034,000 781,000 720449 186,000 549,000 371,000 470100 Mechanical wood pulp, not chemically treated 571,000 655,000 362,000 720441 Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron ... Particle board of wood, whether or not agglomerated with resins or other organic binding substances ... Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... - 148,000 362,000 441011 253,000 200,000 263,000 271012 - - 258,000 850440 Static converters 34,000 223,000 241,000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 3,000 - 235,000 291631 Benzoic acid, its salts and esters (excluding inorganic or organic compounds of mercury) Waste and scrap, of aluminium (excluding slags, scale and the like from iron and steel production, ... 127,000 136,000 116,000 760200 68,000 78,000 114,000 8
Pakistans Theoretical Potential* for Additional Exports to the Estonia, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $5 Mn ACTUAL EXPORTS IN 2018 (US$) POTENTIAL EXPORTS IN 2018 (US$) HS CODE DESCRIPTION 271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, ... - 235,930,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... - 73,543,000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 96,000 53,983,000 640399 Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ... 17,000 27,620,000 170490 Sugar confectionery not containing cocoa, incl. white chocolate (excluding chewing gum) - 24,656,000 721049 Flat-rolled products of iron or non-alloy steel, of a width of >= 600 mm, hot-rolled or cold-rolled ... - 23,795,000 610910 T-shirts, singlets and other vests of cotton, knitted or crocheted 11,000 21,157,000 851712 Telephones for cellular networks "mobile telephones" or for other wireless networks - 19,044,000 210690 Food preparations, n.e.s. - 18,556,000 Men's or boys' trousers, bib and brace overalls, breeches and shorts, of cotton (excluding ... *Theoretical potential from diverting Pakistan s existing exports from other countries to meet Estonia s imports, ignoring competitiveness and tariffs 620342 - 17,402,000 9
Pakistans Theoretical Potential* for Additional Imports from the Estonia, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $3.5 BN ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) HS CODE 271019 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. ... - 987,120,000 271012 258,000 537,797,000 890800 Vessels and other floating structures for breaking up - 515,542,000 290243 P-Xylene - 365,516,000 890120 Tankers - 249,799,000 851762 Machines for the reception, conversion and transmission or regeneration of voice, images or ... - 242,742,000 291736 Terephthalic acid and its salts - 171,703,000 720449 Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ... Structures and parts of structures, of iron or steel, n.e.s. (excluding bridges and bridge-sections, ... 371,000 158,762,000 730890 - 144,087,000 Telephones for cellular networks "mobile telephones" or for other wireless networks *Theoretical potential from switching imports from existing sources to Estonia exporters, ignoring competitiveness and tariffs 851712 - 135,491,000 10
