INTERNATIONAL TRADE

WHAT IS INTERNATIONAL TRADE?

International trade is the interchange of money, products and services across the
international borders.

WHY IS IT IMPORTANT?
 International trade is important because it represents the share of gross
domestic product.
 International trade allows to use its full resources
 International trade enables the trade to become cheaper than other
competitors.
 Through international trade countries become able to enjoy the things in
plenty amount.
 International trade enlarges the market to produce more and more profit.
 International trade allows countries to show their excess making so that
both countries can get maximum benefits.

INTERNATIONAL TRADE OF PAKISTAN:

Pakistan has two sided and many-sided trade agreements with many countries
including, South Asia, China, Europe, Japan, Saudi Arabia. According to years
2013/2014, exports of Pakistan are $10.367 billion, and imports are $18.110
billion.
Pakistan’s export trading is increasing by Cotton textiles and garments. During
the year 2015, 2016 Pakistan exports were US$21 billion, and imports were
US$44.76 billion.
EXPORTS OF PAKISTAN:
Major exports of Pakistan are:
 Rice
 Mangoes
 Furniture
 Cements
 Marbles
 Textile
 Vegetables
 Tobacco
 Salt
 Cement
 Pakistan assembled Suzuki to (Afghanistan and other countries)

IMPORTS OF PAKISTAN:
As Pakistan is growing its export industry, there are some things that Pakistan
purchases from other countries as well. These include:
 Mineral Fuels (oil). It is estimated as 28.4% of total imports.
 Machinery include computers and laptops. It is 10.4% of imports.
 Electrical machinery e.g. equipment’s 7.2% of total imports.
 Iron and steel (6.1%)
 Vehicles (4.3%)
 Organic chemical (4.6%)
 Animals (3.8%)
 Plastic (4.1%)
 Imported cotton (2.1%)
 Oil seeds (2.4%)
CONCLUSION:
Both imports and exports of Pakistan play an important role in GDP of
Pakistan and us with the passage of time our economy is developing.