This site uses cookies to provide a better experience. Continuing navigation accept the use of cookies by us OK

Cooperazione economica

 

Cooperazione economica
 

     

BILATERAL TRADE RELATIONS
 


------------------------------------------------------------------------------


PAK-ITALY BILATERAL TRADE AND ECONOMIC RELATIONS

Italy remains major trading partner of the Pakistan and it is Pakistan's third largest export destination within the European Union after UK and Germany.  The Pakistan-Italy bilateral trade volume is currently around $1.5 billion 2014-15 on average. Most of the Pakistani exports to Italy consist of textiles and clothing and leather apparel. Around 90 per cent of Pakistan's exports to Italy are textile- and leather-related products and almost half of Italy's exports to Pakistan fall in the category of machinery and equipment. Bilateral trade can naturally be improved with more exports of textiles from Pakistan and import of textile machinery from Italy as well as co-operation in other fields. Pakistan's main items of export are cotton fabrics, woven made-up articles of textile materials, articles of apparel, chemicals, leather products and cotton yarn. Major items of import from Italy include machinery and its parts, cereals and cereals preparations, medical and pharmaceutical products and wheat.
Italy’s top 10 imports from Pakistan during 2014-15 amounted to $669.4 million
  1. Cotton: $204.1 million
  2. Other textiles, worn clothing: $124 million
  3. Clothing (not knit or crochet): $85.1 million
  4. Raw hides excluding furskins: $73.2 million
  5. Knit or crochet clothing: $60.5 million
  6. Oil: $34.9 million
  7. Plastics: $27 million
  8. Cereals: $25.1 million
  9. Footwear: $19.1 million
10. Leather, animal gut articles: $16.4 million
Italy’s Top 10 exports to Pakistan during 2014-15 amounted to $389.1 million
  1. Machines, engines, pumps: $217.2 million
  2. Pharmaceuticals: $45.5 million
  3. Plastics: $20.9 million
  4. Electronic equipment: $20 million
  5. Iron or steel products: $17.8 million
  6. Medical, technical equipment: $16.2 million
  7. Other chemical goods: $13.5 million
  8. Iron and steel: $12.7 million
  9. Oil: $12.7 million
 10. Organic chemicals: $12.6 million
In the light of burgeoning Italian interest in the Pakistani market reflected by growing Italian presence in Pakistan, there exists huge opportunities for Italian investors to enlarge their investment in agriculture and agro-processing, livestock and dairy, processed food industry, leather, textiles &marble etc.
Among the major industries present with or without direct investments in Pakistan are:
 Energy: ENI is present in Pakistan since 2000 and it is leader among the international oil companies in the country in terms of exploration and production gas, with 21 exploration permits and production.
 Defence:  Selex, Elettronia,  MBDA Italy, Selex Sistemi Integrati;
 Pharmaceuticals: Chiesi, Angelini and Rotapharm;
 Chemicals: Saipem & others;
 CNG:  Landi Renzo, Faber & others;
 Machinery, Equipment & Plants: Textile / Food / Precision;
 Marble, Granite & Quarrying: Pellegrini, Dazzini machines, Moon Abrasives &    others;
 Transport: New Holland, belonging to the Fiat Group, Piaggio.
As for the near future, a lot of interest on the part of Italian Companies and great potential can be found in the fields of renewable and alternative energies, even for the persistent shortage of electricity in the country, telecommunications and infrastructure / transport, with mega projects in the pipeline (including those relating to the construction of Diamer Bhasha Dam and the extension of Tarbella Dam), which could correspond to great opportunities for Italian companies.
-------------------



For more information, please consult the recent and updated Country Report  (Rapporto congiunto) by Embassy / Consulate, available at the following web address:
http://www.rapportipaesecongiunti.it/rapporto-congiunto.php?idpaese=132.        

 
TRADE RELATIONS WITH THE EU
 
The European Union is a very important commercial partner for Pakistan. To access the most recent (2015) data and statistics please click here.     

26