Trade with the European Union (28)

Trade with the European Union (28) plays a significant role in Pakistan’s trade; Pakistan had a trade surplus of $2.14 billion in 2016. Pakistan reported $6.92 billion worth of exports to the EU, making the EU Pakistan’s largest export partner. Moreover, the EU is Pakistan’s third largest import partner with Pakistan reporting imports from the EU worth $4.78 billion in 2016.

Under GSP+ the EU’s imports from Pakistan have risen from $6.90 billion in 2013 to $8.08 billion in 2016. However, this increase in EU imports from Pakistan have been concentrated on textiles. Textiles & leather in 2016 made up nearly 86% of EU imports from Pakistan; six countries in the EU were responsible for 80% of imports from Pakistan.