Unlocking Trade Potential: Top Products to Import from Pakistan
The Trendiest Items to Import in from Pakistan in 2024
The top import items from Pakistan, with significant room for expansion, are listed below:
1. Sporting Goods ($404.797 million, up 10.94% from 2022–2023)
2. Fresh fruits and mangoes (expected to reach US$8.5 billion in 2023, up 7.3%).
3. Textiles and Knitwear ($16.501 billion in 2022-23)
4. Footwear / Leather Products ($484.1 million USD)
5. $1.1449 billion for rice
Never before have Pakistan’s exports performed better than in 2022.
Pakistan is a developing export power with a lot of untapped potential that, if realized now, may yield tremendous returns as the country’s export sector develops.
In the fiscal year 2020–2021, Pakistan’s exports reached a record $25.3 billion USD, largely due to textiles, which made up 60% of the total. This helped the country recover from a decline in GDP caused by the global slowdown brought on by the coronavirus.
In keeping with this remarkable rise, Pakistan’s exports in 2022 totaled $39.42 billion USD, up 24.94% from 2021.
Sporting goods imports from Pakistan
While sporting goods may not be the first thing that spring to mind when thinking about exports from Pakistan, many of the top sports goods brands in the world recognize Pakistan’s products as a mark of excellence and demand them worldwide.
In contrast to the $364.901 million USD exported in July and June of the 2021–22 fiscal year, the value of sporting goods was $404.797 million USD during the July–June period of the 2022–23 fiscal year.
Pay particular attention to the fact that, according to the Pakistan Bureau of Statistics (PBS), Pakistan’s exports of sporting goods increased by an astounding 10.94% in the fiscal year 2022–2023 as compared to the previous year.
One of the biggest exporters of fresh mangoes worldwide is Pakistan. An enormous amount is exported annually around the world; in 2021–2022, production reached 1.84 million tons!
Fresh fruit, such as mangoes, can be quite profitable, particularly in nations with colder temperatures where it is necessary to import fresh fruit in order to keep supplies during the winter.
Pakistan’s fresh fruit sector, estimated to be worth US$8.5 billion in 2023, is predicted to expand at 7.30% a year.
Knitwear and Textiles
Pakistan exported textiles and apparel, including knitwear, worth $16.501 billion USD in the July–June fiscal year 2022–2023.
The total value of textile exports in April 2023 was $1.23 billion.
The United States, the United Kingdom, Germany, Spain, and Poland are the top five countries to which Pakistan exports knitwear and textiles.
Pakistani leather manufacturers exported $484.1 million in USD between July 2022 and April 2023.
Pakistan’s shoe business is very significant; between July 2022 and April 2023, the country exported 21.70 million pairs of shoes, valued at an astounding $148.4 million USD. Comparing this to the prior year, there has been an amazing gain of 14.08% in value and 38.49% in volume.
With potential to rise and rank among the top three in the coming ten years, Pakistan’s footwear sector currently stands as the seventh largest in the world.
The greatest rice exporter in the world is India, but Pakistan is not far behind, with 3.717 million tonnes of rice exported in fiscal year 2023 worth $2.149 billion.
Given that it is a staple food for over 3.5 billion people worldwide, rice has and will continue to be in high demand.
The Secret To A Successful Pakistani Import
Step 1: Understand Where To Find Your Products
You’ll need to find out where to purchase the things once you’ve made your selections. Discovering vendors for your goods is half the joy as well. Go travel and discover if you have the opportunity! It’s a fantastic chance to broaden your perspectives. Not so simple during these worldwide pandemic times, but travel will ultimately be possible once more.
There’s always Google, AliBaba, and AliExpress if you can’t travel. This can be an excellent point of entry. Visit our blog on international product sourcing for more inspiration and a deeper look at the process.
These products have the additional benefit of being small enough to be readily sampled, either by traveling to Pakistan and transporting them to other nations or by ordering online and having the items mailed.
Make sure you know how to set up an EORI number and a freight forwarder once you’ve located your new supplier. These are necessary for products to cross UK customs.
Step 2: Learn How to Locate Purchasers
Undoubtedly, the most important query is undoubtedly, “How do I find buyers for my products?”
Without a doubt, the most frequent question I get is this one. The good news is that there are multiple approaches to doing this. There is no “easy” way, which is the bad news. It will undoubtedly require some dedication and hard effort, but you can accomplish it, and you will undoubtedly reap some healthy financial rewards.
After working for a career in commercial buying and selling, my best advice can be found in our blog post on locating buyers.
Step 3: Verify Your Understanding of the Fundamentals
You will need to know the fundamentals of import and export, at the very least. Avoid rushing into the purchase of goods in the hopes of selling them by simply crossing your fingers. You’ll waste time, money, and create a great deal of worry for yourself.
Read our blog post on how to launch an import-export business as a starting point. Even though it’s bare minimum, you’ll get a sense of what you should be considering and some useful advice that I’ve picked up over the course of the year.
Step 4: Online Training Courses for Import and Export
All I can say if you’re still convinced about trading globally is that you should educate yourself. It will spare you a great deal of suffering!
For more help, fell fee to contact ALM Team at:
+92 423 577 7466