trade and investment statistics for pakistan and britain

TRADE STATISTICS

Statistics are taken from UK Trade and Investment (UKTI)

IMPORT AND EXPORT FIGURES

June 2006 – July 2007	US$ billion
Total Pakistan Imports	26.6
Total Pakistan Exports	16.9
Total Trade Deficit	9.6

The UK is the fourth largest trading partner among OECD countries, with an 8.7% share of OECD exports to Pakistan in 2006.

2002	2003	2004	2005	2006	2007* (Jan-May)	% Change
£488.6m	£532.4m	£565.3m	£496.2m	£523.3m	£209.8m (US$423.7m)	-6.3%

*£209.8 million during Jan-May 2007 which is 6.3% less then the corresponding period for 2006.

Major Pakistani exports to UK are textiles (yarn, fabric, garments, towels & bedding), rice, leather and leather products, carpets and fruit.

PAKISTAN 'S IMPORTS FROM THE UK

2002	2003	2004	2005	2006	2007* (Jan-May)	% Change
£ 243.6m	£ 294m	£346.3m	£463.6m	£489.9m	£168.5m (US$340.3m)	-21.4%

*£168.5 million during Jan-May 2007 which is 21.4% less than corresponding period of previous year (2006)

Major Pakistani imports from UK are specialised industrial machinery, power generation machinery, Telecom & Broadcasting Equipment, chemicals, pharmaceutical and medical products and Metalliferous ores and metal scrap.

UK-Pakistan trade balance for January to May 2007 was £41.3 million (US$83.4m) in favour of Pakistan.

UK INVESTMENT IN PAKISTAN

The UK is the second largest overseas investor in Pakistan, with 16.7% market share for July 2006 – June 2007.

July 2006 – June 2007	US$ million
Total Foreign Direct Investment into Pakistan	5,124.9
New Direct Investment from the UK	860.1

Breakdown of UK direct investment:
2003-04	2004-05	2005-06	2006-07
US$64.9m	US$181.5m	US$244m	US$860.1m

There are over 100 British companies operating in Pakistan. And plenty of interest from others. Recent events include retailers Next and Costa Coffee opening outlets. Bestway Cement is also making a further investment of $140m at their cement plant at Chakwal.

Major players include Unilever, Shell, BP, GlaxoSmithKline, Standard Chartered Bank, International Power, and HSBC.

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