52
Annual Analytical Report on External Trade Statistics of Pakistan
2 0 2 4
F Y
Argentina, with a 30.3 percent value growth, highlight
the sector’s expansion potential. Despite challenges in
some regions, the overall performance reflects a positive
trajectory for Pakistan’s football exports.
Table 40: Pakistan’s Foot Balls Exports by Region (FY 2024)
COUNTRY
EXPORT VALUE
(MILLION US$)
EXPORT QUANTITY
(TH. DZ)
FY
2024
FY
2023
%
Change
FY
2024
FY
2023
%
Change
FOOT BALLS
254
237
7.4
4,726
4,419
6.9
Germany
35
32
10.2
557
529
5.2
Netherlands
25
26
-3.7
407
435
-6.5
U.S. Amer
ica
25
26
-5.8
395
374
5.7
Spain
19
17
9.9
351
328
7
United Arab
Emirates
16
8
90.8
456
276
65.2
Italy
12
9
44.9
236
165
43.1
China
12
8
43.8
184
128
44.3
United
Kingdom
12
17
-30.8
258
358
-27.9
Denmark
9
10
-1.4
148
136
8.9
Mexico
8
5
67.5
167
98
71
Argentina
6
5
30.3
125
97
28.9
Turkey
6
6
6.6
117
111
5.4
Korea, Re
public of
6
4
45
83
48
74.3
Brazil
5
5
11.4
104
100
4.3
Chile
5
4
23.3
95
84
13.2
Japan
5
6
-16.2
64
80
-20.6
France
3
4
-15.7
46
59
-22.8
Canada
3
2
22.8
46
42
8.9
Australia
3
3
6.7
51
55
-6.4
Colombia
2
2
12.6
41
38
7.4
1.1.8. Engineering Goods Exports
Pakistan’s engineering goods industry is an important
yet underdeveloped sector within the country’s economy.
In recent years, however, there has been a growing
emphasis on increasing exports in this field, as the
government and private sector recognize the significant
potential for growth. Engineering goods, which include
items such as machinery, electrical equipment, industrial
tools, and automotive components, contribute to
economic diversification and provide a more sustainable
alternative to traditional exports like textiles and
agricultural products.
During 2024, Pakistan’s exports of engineering
goods saw moderate growth despite facing challenges
such as global supply chain disruptions, rising costs of
raw materials, and competitive international markets.
However, increasing demand in Africa, the Middle East,
and Central Asia provided new avenues for growth.
The engineering goods industry in Pakistan covers a
wide range of products, including heavy machinery,
electrical appliances, automotive parts, and industrial
tools. The sector plays a pivotal role in industrial growth,
economic development, and trade. While traditionally
overshadowed by textiles and agriculture, engineering
goods have emerged as a significant component of
Pakistan’s exports in recent years.
Table 41: Exports of Engineering Goods by Commodity
COMMODITIES
EXPORT VALUE (MILLION US$)
FY 2024
FY 2023
% Change
ENGINEERING GOODS
351
307
14.5
a) ELECTRIC FANS
31
31
0.1
b) TRANSPORT EQUIPMENT
26
16
59.8
c) OTHER ELECTRICAL
MACHINERY
51
42
21.2
d) MACHINERY SPECIALIZED
FOR PARTICULAR
DUSTRIES
49
44
9.2
e) AUTO PARTS & ACCESSORIES
24
23
5.1
f) RUBBER TYRES & TUBES
88
57
55.6
g) OTHER MACHINERY
83
94
-11.4
Challenges Faced by Pakistan’s Engineering Goods Exporters
1. High Cost of Raw Materials:
The global surge in raw material costs, including
steel, aluminium, and copper, affected the production
costs of engineering goods, reducing profit margins.
2. Technological Gaps:
While Pakistan’s engineering sector is growing, it still
faces technological gaps compared to more advanced
manufacturing countries like China and Germany. This
limits the ability to compete on innovation.
3. Logistics and Supply Chain Disruptions:
Supply chain disruptions due to global events like the
Russia-Ukraine conflict and higher transportation costs
have impacted the timely export of goods, especially
heavy machinery and electrical equipment.
4. Limited Access to Finance:
Exporters of engineering goods often face challenges
in accessing affordable financing for upgrading their
production facilities and meeting international quality
standards.
Key Export Markets for Engineering Goods in 2024
In FY 2024, Pakistan’s engineering goods exports
rose by 14.5 percent to US$351 million from US$307
million in FY 2023. Afghanistan remained the top
market, increasing by 24.6 percent to US$81 million,
while the U.S. showed impressive growth of 66 percent,
Annual Analytical Report on External Trade Statistics of Pakistan
2 0 2 4
F Y
53
SECTION-1
2024
reaching US$53 million. Brazil and Turkey emerged
as high-growth markets, with exports surging by 95.2
percent and 102.7 percent, respectively, while Yemen
saw a significant 90.4 percent rise. Other markets like
Saudi Arabia (75.6 percent) and Egypt (48.1 percent)
also showed substantial growth, contributing to the
sector’s positive performance.
Table 42: Pakistan’s Engineering Goods Exports by Region (FY 2024)
COUNTRY
EXPORT VALUE (MILLION US$)
FY 2024
FY 2023
% Change
Engineering Goods
351
307
14.5
Afghanistan
81
65
24.6
U.S. America
53
32
66
United Arab Emirates
25
28
-11.7
Brazil
22
11
95.2
Turkey
17
8
102.7
Yemen
16
8
90.4
Saudi Arabia
11
6
75.6
Egypt
10
7
48.1
Bangladesh
9
11
-16.1
South Africa
9
6
37.2
Iraq
8
13
-39.3
Italy
6
6
7.4
Germany
6
5
8.3
Kenya
6
4
52.1
Oman
5
6
-13.5
Tanzania
4
6
-24.4
Nigeria
4
3
8.1
Mozambique
3
3
-1.6
Mexico
3
2
68.8
Malaysia
3
3
9.2
However, some traditional markets faced declines.
Exports to the UAE dropped by 11.7 percent, and
Bangladesh saw a 16.1 percent decrease. Iraq and
Tanzania recorded sharper declines of 39.3 percent
and 24.4 percent, respectively, indicating challenges
in maintaining competitiveness. On the other hand,
emerging markets such as Kenya (52.1 percent) and
Mexico (68.8 percent) demonstrated strong potential,
highlighting
opportunities
for
diversification
and
expansion in the engineering goods sector.
1.1.9. Exports
Cement production is one of Pakistan’s key industries,
contributing significantly to its economy. The country has
a large and well-established cement manufacturing
base, which not only caters to domestic consumption
but also plays an important role in the export market.
Pakistan is one of the top exporters of cement in the
region, exporting primarily to countries in South Asia,
the Middle East, and Africa. In fiscal year (FY) 2024,
Pakistan’s cement exports showed mixed trends due to
various global and regional factors such as economic
slowdowns, fluctuating demand and challenges in
shipping logistics.
Table 43: Breakdown of Cement Exports by Product Type (FY 2024)
COM
MODITY
EXPORT VALUE
(MILLION US$)
EXPORT QUANTITY
(MT)
FY
2024
FY
2023
%
Change
FY
2024
FY
2023
%
Change
Cement
exports
267
190
40.4
7,088,982 4,247,740
66.9
Cement
clinkers
122
70
75.3
3,792,074
1,845,723
105.5
White
Portland
cement
1.30
1.21
7.2
13,836
10,894
27.0
Other
Portland
cement
143
123
16.9
3,283,072
2,391,122
37.3
Key Export Markets
Table 44: Pakistan’s Cement Exports by Region (FY 2024)
COUNTRY
EXPORT VALUE
(MILLION US$)
EXPORT QUANTITY
(MT)
FY
2024
FY
2023
%
Change
FY
2024
FY
2023
%
Change
CEMENT
267
190
40.4
7,088,982
4,247,740
66.9
Afghanistan
67
53
25.9
1,539,383
1,065,469
44.5
Bangladesh
44
41
7
1,468,564
1,192,396
23.2
Sri Lanka
44
34
29.3
1,151,088
675,320
70.5
Madagascar
29
22
30.8
654,918
413,995
58.2
Ghana
13
3
353.9
393,810
79,490
395.4
Somalia
10
11
-0.2
279,058
222,157
25.6
Togo
9
279,456
U.S. America 8 2 285.3 159,870 37,418 327.3 Tanzania 8 5 52.6 182,788 130,344 40.2 Qatar 5 0
161,390
Gabon 5 1 494.8 149,403 22,500 564 Sierra Leone 5 4 31.9 122,066 83,500 46.2 Cameroon 4 1 338.3 130,210 26,835 385.2 Yemen 4 6 -31.3 111,515 135,851 -17.9 Seychelles 3 2 57.3 56,543 31,448 79.8 Mozambique 3 0
81,247
Benin 2 1 67.9 66,180 38,200 73.2 Cote d'Ivoire 2
48,450
Guinea-Bissau 1
30,000
Reunion 0 1 -51.3 10,780 20,100 -46.4 Pakistan’s cement exports saw a remarkable increase in FY 2024, with a 40.4 percent rise in value to US$267 million and a 66.9 percent surge in quantity, reaching 7.09 million metric tons. Afghanistan remained the largest market, with exports growing by 25.9 percent in value and 44.5 percent in quantity. Other key markets, such as Bangladesh and Sri Lanka, showed steady growth, with exports increasing by 7 percent and 29.3
54 Annual Analytical Report on External Trade Statistics of Pakistan 2 0 2 4 F Y percent, respectively. Notably, emerging African markets like Ghana, Gabon, and Cameroon saw extraordinary growth, with Ghana’s exports skyrocketing by 353.9 percent in value and 395.4 percent in quantity, while Gabon and Cameroon also posted impressive increases. On the other hand, markets like Yemen and Reunion experienced declines, highlighting the diverse performance of Pakistan’s cement exports across global markets. Pakistan’s Export Destinations During FY 2024 Table 45: Top 20 Pakistan’s Exports Destinations COUNTRY FY 2024 FY 2023 % Change VALUE (M US$) % SHARE VALUE (M US$) % SHARE TOTAL EXPORT 30,675 100 27,724 100 10.6 U.S. America 5,292 17.3 5,176 18.7 2.2 China 2,574 8.4 2,222 8 15.8 United Kingdom 2,019 6.6 1,935 7 4.3 United Arab Emirates 1,581 5.2 1,391 5 13.6 Germany 1,562 5.1 1,553 5.6 0.5 Netherlands 1,486 4.8 1,560 5.6 -4.7 Spain 1,410 4.6 1,410 5.1 0 Afghanistan 1,140 3.7 977 3.5 16.8 Italy 1,121 3.7 1,165 4.2 -3.8 Bangladesh 719 2.3 725 2.6 -0.8 Saudi Arabia 699 2.3 563 2 24 Belgium 647 2.1 725 2.6 -10.8 Malaysia 608 2 308 1.1 97.6 Indonesia 535 1.7 142 0.5 275.4 France 471 1.5 496 1.8 -5.1 Poland 420 1.4 347 1.3 21.1 Viet Nam 408 1.3 232 0.8 75.8 Canada 392 1.3 361 1.3 8.7 Sri Lanka 386 1.3 294 1.1 31.6 Kenya 382 1.2 312 1.1 22.4 Others 6,825 22.2 5,830 21 17.1 The U.S. remained the largest export market, contributing 17.3 percent of total exports with a 2.2 percent increase in value. China followed with a significant rise of 15.8 percent in exports, reaching US$2.574 billion. The United Kingdom and the United Arab Emirates also saw notable growth, with the former up by 4.3 percent and the latter increasing by 13.6 percent. However, exports to some European countries, including the Netherlands, Italy, and Belgium, showed declines, with the Netherlands seeing a 4.7 percent drop. Meanwhile, emerging markets such as Malaysia, Indonesia, and Vietnam demonstrated strong growth, with Indonesia’s exports soaring by 275.4 percent and Malaysia’s by 97.6 percent. These shifts reflect both the strength of traditional markets and the increasing diversification of Pakistan’s export destinations. 1.1.10. Pakistan’s Exports to the USA Pakistan’s trade relationship with the United States has historically been one of its most significant partnerships. In FY 2024, the economic landscape showcased a nuanced picture of Pakistan’s export trends to the U.S., marked by resilience amidst global challenges. During the fiscal year 2024 (July 2023 to June 2024), Pakistan’s exports to the United States were valued at U$5.292 billion. This represented a 2.2 percent increase compared to US$5.176 billion during the same period in FY 2023. Despite certain challenges, this marginal growth highlighted Pakistan’s ability to maintain its export volumes to its largest trading partner. The overall positive trajectory in FY 2024 exports to the U.S. was mainly driven by an uptick in textile and apparel exports, even though some product categories saw slight declines. Textiles remained the cornerstone of Pakistan’s exports to the U.S., with bed linens, cotton fabrics, and garments making up a substantial portion. Other notable export categories included surgical instruments, sports goods, and leather products. Pakistan’s exports to the U.S. in FY 2024 highlight both opportunities and challenges. While the textile sector remains a key driver, Pakistan must diversify its export base to include higher-value-added products. Further investments in technology, improved supply chains, and