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Trade and economic cooperation between Ukraine and the Islamic Republic of Pakistan
06 May 2020 14:00

Trade, economic and investment cooperation

Pakistan is an important economic partner of Ukraine in the South Asian region. In 2021, Pakistan ranked 27th among Ukraine's trading partners in the world in terms of exports, and in the Asia-Pacific region - 5.

In 2021, the total volume of trade in goods and services between Ukraine and Pakistan amounted to 757.179 million USD, which is 82.2% higher than in 2020.

In 2021, bilateral trade in goods reached 751.218 million USD (+ 82.4%), including Ukrainian exports 658.373 million USD (+ 98.8%), Pakistani imports 92.845 million USD (+ 14.2%), the positive trade balance for Ukraine amounted to 565.528 million USD.

According to the State Customs Service of Ukraine, in 2022 the volume of bilateral trade amounted to 181.73 million USD, which decreased by 73.7% the 2021 figure.

Ukrainian exports to Pakistan amounted to 126.27 million USD, which is 79.1% less than in the corresponding period of 2021. The import of Pakistani goods to Ukraine decreased by 63.4% and amounted to 55.46 million USD. 

In 2022, exports of services from Ukraine to Pakistan reached 11.1 million USD. (+250%). Imports of services from Pakistan amounted to 1.2 million USD (-19.4%). The positive balance for Ukraine amounted to 9.9 million USD. The volume of trade in services reached 12.3 million USD (+200%).

In January-November 2023, the volume of bilateral trade amounted to 580.1 million USD, which increased by 204% to the 2022 figure.

Ukrainian exports to Pakistan amounted to 31.8 million USD, which is 74% less than in the corresponding period of 2022. The import of Pakistani goods to Ukraine increased by 758% and amounted to 548.2 million USD.

Ukrainian-Pakistani trade is traditionally characterized by a negative balance for Ukraine (-516.4 million USD).



Main groups of the Ukrainian exports to Pakistan:

• wheat (62%): ↓-77%; 19.9 million USD;

• other goods (20%): 6.3 million USD;

• dried leguminous vegetables (7.5%): ↓-56%; 2.4 million USD;

• medicines (7.2%): 2.3 million USD (not exported in 2022);

• poultry eggs (0.85%): ↑ +205%; 0.27 million USD.


Main groups of imports from Pakistan:

• other goods (89%): 475.6 million USD;

• textile materials and products (10%): ↑+47.4%; 56 million USD;

• products of plant origin (1%): ↓-62%; 5 million USD;

• medical and surgical devices (0.3%): ↑+30%; 1.5 million USD.


In July 2012, an intergovernmental agreement on establishment of Joint Ukrainian-Pakistani Commission on Economic Cooperation was signed.

There is no investment activity between Ukraine and Pakistan as of January  2024.

Exporters and Investors Council under the Ministry of foreign affairs of Ukraine

About Ukraine

International platform for Ukrainian exporters NAZOVNI


Invest in Ukraine

UkraineInvest

National Investment Council of Ukraine

State support of investment projects with significant investments in Ukraine


Useful links

State Property Fund of Ukraine

State Service for Geology and Subsoil of Ukraine

Public tenders

State Statistic Service of Ukraine

Legislation of Ukraine


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