An Analysis of International Trade of Pakistan: With a Focus on Exports

Pakistan is facing a persistent trade deficit, resulting in foreign debts-leading to compromise on national policies and sovereignty. This study analyzes international trade of Pakistan with a special focus on exports. The analysis is conducted by various lenses including goods traded, trading partners (in exports as well as imports), trading regions (including Australian, Asian, African, European and American regions) and economic cooperation organizations including Organization of Islamic Cooperation-OIC, Economic Cooperation Organization-ECO, and Association of Islamic Developing Countries (D-8). International trade data is extracted from the State bank of Pakistan for 12 years (Jul-03 to Jun-15). Findings suggest that Pakistan has trade linkages with multiple countries, across various regions, however, the volume of exports is significantly low than potential, as well as, the volume of imports—resulting in the trade deficit. The major import partners are China, UAE, Singapore, Saudi Arabia, and Kuwait, while major export-partners of Pakistan are United States of America, China, Afghanistan, United Kingdom, United Arab Emirates, and Germany. Pakistan needs to capitalize on less-expensive young population (rising in skills), low cost (indigenous) raw material, basic industrial infrastructure, and agricultural and natural resources and others. To achieve higher economic growth and exports. Policy makers need to encourage exports in less focused regions including Central Asia, the Middle East, Africa, Australia, and South America. https://paradigms.ucp.edu.pk/static/uploads/2017/09/120104.pdf