International Trade

International Trade

Pakistan has suffered a weak trade position since the early 1970s, as the cost of oil imports have risen while prices for the country's main exports have declined on the international market. Exports fell 2.5% and imports dropped 20% in 1998, but by 2000 they were back on the upswing, growing at 8.3% and 19%, respectively. Pakistan's commerce ministry estimates that up to $1.5 billion of unregistered trade occurs annually, mostly from smuggled imports.
The important commodity exports for Pakistan are cotton, textiles, and clothes. Other major exports include rice and leather.


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