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 27^th 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%).

Ukrainian-Pakistani trade is traditionally characterized by a positive balance for Ukraine (+70.81 million USD).

	2015	2016	2017	2018	2019	2020	2021	2022
Export	111,023	114,289	164,433	130,831	62,977	331,096	658,373	126,27
Imports	61,324	47,648	56,693	64,123	77,703	80,717	92,845	55,46
Amount	172,347	161,937	221,126	194,954	140,680	411,814	751,218	181,73
Balance	49,700	66,641	107,741	66,708	-14,726	250,379	565,528	70,81