Country intelligence · PAK · 2024

Pakistan trade profile

In 2024, Pakistan recorded $35.2B in merchandise exports and $62.3B in imports, producing a $27.1B trade deficit. Exports changed +5.5% from the previous year, while imports changed +12.8%.[1]

Exports

$35.2B

+5.5%

Imports

$62.3B

+12.8%

Trade balance

-$27.1B

deficit

Active partners

1080

18 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$35.2B$62.3B-$27.1B+5.5%
2023$33.3B$55.2B-$21.9B-4.3%
2022$34.9B$75.9B-$41.0B+16.8%
2021$29.9B$77.3B-$47.5B+29.8%
2020$23.0B$51.2B-$28.2B-9.2%
2019$25.3B$55.8B-$30.4B-1.0%
2018$25.6B$64.6B-$39.0B+7.4%
2017$23.8B$63.0B-$39.2B+7.5%
2016$22.2B$57.9B-$35.7B-7.3%
2015$23.9B$55.0B-$31.1B-9.3%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 63 · HS chapter

52 active HS6 lines · 175 export partners

$5.3B
2

HS 61 · HS chapter

106 active HS6 lines · 171 export partners

$4.6B
3

HS 10 · Cereals

22 active HS6 lines · 140 export partners

$4.5B
4

HS 62 · HS chapter

112 active HS6 lines · 166 export partners

$4.1B
5

HS 52 · HS chapter

123 active HS6 lines · 142 export partners

$2.6B
6

HS 27 · Mineral fuels and oils

37 active HS6 lines · 62 export partners

$2.2B
7

HS 74 · HS chapter

49 active HS6 lines · 86 export partners

$1.1B
8

HS 42 · HS chapter

20 active HS6 lines · 162 export partners

$711.6M

Leading export markets

Destinations rank bilateral export flows from Pakistan; growth describes each corridor rather than the whole economy.

1

United States

Annual change +7.9% · 3-year CAGR -2.1%

$5.2B
2

United Arab Emirates

Annual change -21.0% · 3-year CAGR 31.6%

$2.8B
3

China

Annual change -15.9% · 3-year CAGR -6.2%

$2.7B
4

Germany

Annual change +6.7% · 3-year CAGR 1.5%

$2.2B
5

United Kingdom

Annual change +3.4% · 3-year CAGR 0.8%

$2.0B
6

Afghanistan

Annual change +56.1% · 3-year CAGR 22.1%

$1.5B
7

Spain

Annual change +0.1% · 3-year CAGR 9.4%

$1.5B
8

Italy

Annual change -5.4% · 3-year CAGR 6.9%

$1.0B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.