Need for Pakistan Import Data in better market researchby Exim Trade Data Global Import Export Trade Data
Need of Pakistan Import Data for better market research
"Accelerate your business with Pakistan Import Data"
You may wonder how Pakistan Import Data can accelerate your business. Pakistan relies heavily on imports from other countries to sustain their country. As per the latest Pakistan trade statistics 2021, Pakistan rank was 48 in the list of leading importers and 59 in the list of exporters. Pakistan accounted for a total of $73.1 billion in imports in 2021. Pakistan exports were estimated to be around $31 billion in 2021. With the help of accurate Pakistan Trade Data, you can discover potential buyers and suppliers in the Pakistan market.
In 2021, the Top 10 Trading Partners of Pakistan were mainly the USA ($6B), China ($3B), United Kingdom ($2B), Germany ($1.6B), Netherlands ($1.4B), United Arab Emirates ($1.2B), Spain ($1B), Italy ($893M), Afghanistan ($835M) and Bangladesh ($815M). The United States of America and China alone contributed 31.6% of total imports to Pakistan.
The Top 10 Products that Pakistan imported from other countries were Mineral fuels and oils ($19B), Electrical Machinery and equipment ($6B), Machinery including computers ($5.9B), Raw Iron and Steel ($5.9B), Pharmaceuticals ($3.8B), Animals/Vegetable Oils, Fats, Waxes ($3.6B), Vehicles ($3.3B), Plastics and Plastic Articles ($3B), Organic Chemicals, Oil Seeds ($2B). Mineral Oils and Machinery were the most imported products that Pakistan imports (34.7% share of total imports).
India and Pakistan share bitter relations on political matters. In spite of this, Pakistan imported around 393 billion USD of goods from India in 2021. The top 5 products that Pakistan imported from India in 2021 were Pharmaceutical products ($194 M), Organic chemicals ($160 M), Ships, boats, and other floating structures ($25 M), Inorganic chemicals, precious metal compounds, isotope ($3.4 M), Miscellaneous chemical products ($1.95 M). The main reason why Pakistan imports goods from India is because they offer quality, durability, and better cost.
You can get all these Pakistan Import data statistics from Exim Trade Data in an organized pattern. A Pakistan Trade Data has HS code of products, Product description, and Quantity, Price, Exporter & Importer Name, and Port and Shipping details. Accurate data can help you analyze financial risks involved in the global market and make better decisions. Most businesses with more capital investments fail in the international market.
A Data-Driven Strategy is always a great idea for expanding your reach in the global market. Pakistan Import Export data help you discover the latest market trends, product demand, genuine buyers and suppliers, and in-depth competitor analysis. To succeed as an importer or exporter, you need to analyze trade data statistics first and then plan for an effective promotional strategy for your product.
Exim Trade Data is a reliable data service provider across the world. We offer unique data from more than 60+ countries to help you perform better market research. You can download a sample Pakistan Import Data for free at our website.
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Created on Jun 10th 2022 01:57. Viewed 93 times.