Pakistan-Croatia Trade Relations: An Overview of Export and Import Trends
Bilateral trade between Pakistan and Croatia has shown growth over the years, with Croatia being a significant export destination for Pakistan. In 2018, Croatia was ranked as Pakistan's 91st largest export destination and also had a presence within the EU market. While Croatia accounted for a small percentage of Pakistan's total imports, there has been a positive trend in trade balance. This article provides insights into the trade dynamics, export values, import sources, and trade trends between the two countries.
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CROATIA WAS PAKISTANS 91st LARGEST EXPORT DESTINATION IN 2018 RANK COUNTRY EXPORT VALUE (US$) % SHARE IN TOTAL EXPORTS World United States of America China United Kingdom Afghanistan Germany United Arab Emirates Netherlands Spain Bangladesh Croatia 23,630,893,000 3,802,500,000 1,818,069,000 1,728,637,000 1,347,934,000 1,310,444,000 983,575,000 942,802,000 922,898,000 783,825,000 16,835,000 1 2 3 4 5 6 7 8 9 91 16% 8% 7% 6% 6% 4% 4% 4% 3% 0.07% 2
CROATIA WAS THE 21st LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 Others 15% United Kingdom 22% Croatia 0% France 6% The EU is Pakistan s largest export market representing 34% of exports Belgium 8% Croatia accounted for 0.2% of total EU exports from Pakistan in 2018. Germany 16% Italy 10% Netherlands 12% Spain 11% 3
CROATIA RANKS NO. 122 IN PAKISTANS IMPORT SOURCES RANK COUNTRY World China United Arab Emirates IMPORT VALUE (US$) 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 9 122 Saudi Arabia United States of America Indonesia Qatar Japan India Thailand Croatia 5% 5% 4% 4% 4% 3% 2% 1,506,000 0.00002% 4
WITHIN THE EU, CROATIA WAS THE 27TH 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 $5.46 billion in 2018. Sweden, 5% Belgium, 6% Croatia accounts for 0.02% of Pakistan s imports from the EU and 0.00002% of total imports from the world. United Kingdom, 16% France, 8% Netherlands, 10% Italy, 11% 5
PAKISTAN CROATIA TRADETRENDS 18 17 Bilateral trade increased from US$ 12 mn in 2014 to US$ 19 mn in 2018 i.e. by 58% in five years 16 15 15 14 13 12 12 12 12 Pakistan s exports to Croatia rose by 42% during this period, thanks to 14% growth in 2014, post GSP+ USD Millions 10 10 10 9 8 The trade balance in 2018 has increased from US$12 Mn to US$ 15 Mn 6 4 3 3 2 1 2 0 0 2014 2015 2016 Year 2017 2018 6 Exports to Croatia Imports from Croatia Trade Balance
PAKISTANS TOP 10 EXPORTS TO CROATIA EXPORT VALUE 2016 (US$) EXPORT VALUE 2017 (US$) EXPORT VALUE 2018 (US$) HS CODE DESCRIPTION 630231 Bedlinen of cotton (excluding printed, knitted or crocheted) Toilet linen and kitchen linen, of terry towelling or similar terry fabrics of cotton (excluding ... 2,090,000 2,918,000 3,353,000 630260 1,589,000 2,075,000 2,815,000 630210 Bedlinen, knitted or crocheted Bedlinen of textile materials (excluding of cotton and man-made fibres, printed, knitted or ... Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing <= 200 g/m , ... Plain woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 100 g to 200 ... Gloves, mittens and mitts, of leather or composition leather (excluding special sports gloves) Grain splits leather "incl. parchment-dressed leather", of the portions, strips or sheets of ... Grain splits leather "incl. parchment-dressed leather", of the whole hides and skins of bovine ... Floorcloths, dishcloths, dusters and similar cleaning cloths, of all types of textile materials 1,966,000 1,854,000 2,066,000 630239 1,104,000 1,594,000 1,332,000 520821 597,000 665,000 744,000 520822 657,000 467,000 564,000 420329 624,000 453,000 455,000 410792 202,000 142,000 391,000 410712 - 91,000 381,000 630710 333,000 175,000 352,000 7
PAKISTANS TOP 10 IMPORTS FROM CROATIA IMPORT VALUE 2016 (US$) IMPORT VALUE 2017 (US$) IMPORT VALUE 2018 (US$) HS CODE DESCRIPTION 732690 Articles of iron or steel, n.e.s. (excluding cast articles or articles of iron or steel wire) 2,786,000 2,279,000 1,137,000 293040 Methionine Beech "Fagus spp.", sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded ... Fir "Abies spp." and spruce "Picea spp." sawn or chipped lengthwise, sliced or peeled, whether ... Medicaments containing antibiotics, put up in measured doses "incl. those in the form of transdermal ... - 17,000 110,000 440792 22,000 13,000 77,000 440712 - - 33,000 300420 - - 31,000 848050 Moulds for glass (excluding moulds of graphite or other carbons and ceramic moulds) Tropical wood specified in Subheading Note 1 to this chapter, sawn or chipped lengthwise, sliced ... Hoopwood; split poles; piles, pickets and stakes of wood, pointed but not sawn lengthwise; ... Beech "Fagus spp." in the rough, of which no cross-sectional dimension is =>15 cm, whether ... Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents ... 13,000 9,000 22,000 440729 - 30,000 20,000 440410 - - 11,000 440394 - 25,000 9,000 382200 - - 9,000 8
Pakistans Theoretical Potential* for Additional Exports to Croatia, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1.1 Bn ACTUAL EXPORTS IN 2018 (US$) 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 100640 Broken rice - 171,897,000 410712 Grain splits leather "incl. parchment-dressed leather", of the whole hides and skins of bovine ... 381,000 109,309,000 610910 T-shirts, singlets and other vests of cotton, knitted or crocheted 1,000 90,744,000 640399 Footwear with outer soles of rubber, plastics or composition leather, with uppers of leather ... 300,000 77,833,000 300490 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, ... - 73,543,000 620462 Women's or girls' trousers, bib and brace overalls, breeches and shorts of cotton (excluding ... - 65,225,000 901890 Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s. 175,000 55,241,000 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 Croatia s imports, ignoring competitiveness and tariffs 620342 19,000 50,365,000 9
Pakistans Theoretical Potential* for Additional Imports from the Croatia, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $5.7 BN ACTUAL IMPORTS IN 2018 (US$) POTENTIAL IMPORTS IN 2018 (US$) HS CODE 271111 Natural gas, liquefied - 3,295,892,000 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, ... Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. ... Structures and parts of structures, of iron or steel, n.e.s. (excluding bridges and bridge-sections, ... - 925,372,000 300490 - 432,796,000 271012 - 393,396,000 730890 - 141,139,000 870829 Parts and accessories of bodies for tractors, motor vehicles for the transport of ten or more ... - 135,909,000 854449 Electric conductors, for a voltage <= 1.000 V, insulated, not fitted with connectors, n.e.s. Self-propelled railway or tramway coaches, vans and trucks, powered from an external source ... - 112,855,000 860310 - 94,611,000 720449 Waste and scrap of iron or steel (excluding slag, scale and other waste of the production of ... - 91,699,000 Motor cars and other motor vehicles principally designed for the transport of persons, incl. ... *Theoretical potential from switching imports from existing sources to Croatia s exporters, ignoring competitiveness and tariffs 870322 - 89,782,000 10
