Turkey-Pakistan Economic and Trade Relations

Economy of Pakistan

GDP (billion $)

314,6

Inflation Rate (%)

9,4

Real GDP Growth Rate

3,3

Unemployment Rate (%)

5,8

Population (million)

216,5

Exports (billion $)

23,1

Population Growth Rate (%)

2,1

Imports (billion $)

52,1

GDP Per Capita (USD)

1590

Turkish Firms in the Country

17

References: Turkish Embassy in Islamabad, Ministry Of Economy, EIU, World Bank

Main Trade Partners: USA, UAE, PRC and Afghanistan

Main Export Items: Cotton, textile products, grains

Main Import Items: Mineral fueals, machines, electronic devices

Bilateral Economic and Commercial Relations

Bilateral Trade (million USD)

2015

2016

2017

2018

2019

2020/3

Export

289,1

347

352,3

462

550,1

123,6

Import

310,5

263

323,1

330

306,3

73,1

Volume

599,6

610

675,4

792

865,4

196,7

Balance

-21,4

+84

+29,2

+132

+243,8

+50,5

References: TÜİK

Main Export Items of Turkey: Communication tools, cameras, machines, textile

Main Import Items of Turkey: Textile fiber, plastic, cotton, polyester, organic chemicals

The 15th meeting of Joint Economic Commission (JEC) between Turkey and Pakistan was held on 15-16 October, 2014 in Ankara.

Companies: There are 17 firms operating in Pakistan. Turkish investments are mainly focused on energy, finance, infrastructure projects and contracting sectors. Construction is the leading sector for Turkish investors in Pakistan.