CHIEF IMPORT ITEMS OF PAKISTAN
Following are the main items of our country:
Our country is not self sufficient in our mineral oil requirements.The present oil production of our own country meets only about 24% of the country’s requirements.So to meet the deficiency,we have to import a large amount of mineral oil from other countries.We import mineral oil from Saudi Arabia,Iran,U.A.E and other Middle East countries.
As our country is in its developing stage,we have to import different kinds of machinery to meet the demands of various industries.The machines are usually imported from Japan,U.S.A. and Europeian countries.
The production of edible oil is is not sufficient to meet the demand of our Ghee industry.Although the government has taken various measures to boost up the production of oil seeds,but inspite of those our country is still deficient in edible oil so we have to import enough amount of edible oil e.g. soyabean oil from U.S.A. and Palm oil from Malaysia and Indonesia.
4.Chemicals And Drugs:
The economy of our country mainly demands on agriculture,so to get higher yield from different crops spray of various chemicals is essential.Thus to meet all these demands of our agricultural sector,we have to import various kinds of chemicals and drugs from other countries.The chemicals and drugs are mainly imported from Japan,Germany,U.S.A.,U.K., and other European countries.
5.Dyes And Colours:
Various Industries of our country use a number of dyes and colours as raw material in their products such as textile,inting etc. so to meet the demand of all these industries,various kinds of colours and dyes are imported.These colours and dyes are mainly imported from Japan ,U.K.,U.S.A. etc.
Our country produces a very small quantity of tea which is sufficient to meet the demand of our country.So various tea companies port huge amount of tea.Tea is mainly imported from Sri Lanka,Bangladesh,India and Kenya.
Different kinds of electrical goods are needed in our country .The local industries are not in in the position to meet the required demand so we have to import a large number of electric goods from Japan,S.A.,U.K. and other European countries.
Our country needs different kinds of transport equipments e.g. buses,cars,rickshaws,motorcycles.So demand of these are high and hence they are imported from Japan,Italy and other countries.
9.Paper And Paper Products:
Before 1971,we had a number of paper mills our eastern wing and our requirements were fulfilled from the eastern .Although,after 1971 some paper mills were set up in the wster wing,are still deficient in paper especially in paper for newspaper industry.We have to import a large amount of news print paper and other kinds of paper from Cnada,Japan,Sweden,U.S.A. etc.
DIRECTION OF TRADE
The global concentration of Pakistan’s trade can be broadly classified to the following major groups of countries:
1.West European Countries:
In this group U.K.,France,W.Germany,Belgium,Nether lands and other Scandinavian countries can be included:These countries are the main buyers of our export goods e.g.Cotton cloth , ,carpets,rugs,sports goods and many other items and we import machines,electric goods,chemicals and various other items from these countries.Our exports are less in comparison to the imports from these countries and balance of trade is in favour of these countries.
2.Middle East Countries:
Saudi Arabia,Iraq,U.A.E. and other Arab countries can be included in this group.These countries are the top buyers of our export goods,such as rice,cotton cloth and various other items,but due to oil crises and Iran-Iraq war,our export to these countries has declined to some extent, but our imports from these countries have increased enough.We import mineral oil and various other items from these countries.Thus due to heavy imports from these countries,the balance of trade is in their favour.
Japan,Hong Kong,China,Singapore,Malaysia,Indonesia and various other countries can be included in this group.Our exports to these countries has been decreasing every year,and imports have increase too much so due to these circumstance the balance of trade go in the favour of these countries.Japan is the top buyer of our export goods in Asian countries,but we have to import large amount of machinery,chemicals,transport equipments and various other items from Japan.Besides Japan we do trade with others.Asian countries,such as we import palm oil from Malaysia and Indonesia and Tea from Sri Lanka and Bangladesh.
4.North American Countries:
U.S.A.,Mexico,Canada and other countries can be included in this group.The exports of our country to North American group is not progressive,but we import so many kinds of goods,such as machinery,electrical goods,soybean oil and requirements for our armed forces and various other items,and our imports are about three times greater than our exports.So due to all these conditions the balance of trade remains in favour of these countries.
In this group are included Iran,Turkey and newly Independent Central Asian Republics namely Tajikistan,Uzbekistan,Azerbaijan and Turkmanistan.Pakistani exports to Turkey and Iran are quite enough.Although all these countries are trying to make their balances of trade favourable,but inspite of various measures taken by the concerned countries still Pakistan’s imports are greater than exports,so the balance of trade remains to the favour of these countries.
6.East European Countries:
This group includes countries of eastern Europe such as Poland, U.S.S.R., Romania, Hungary, Yugoslavia, Greece and others.Such countries import large amount of our export goods such as rice, cotton cloth, sports goods,carpets and various other items ,but our imports are comparatively less than our exports,so balance of trade is in favour of our country.
Besides the above we do trade with so many African,central and South American countries and also the various Asian and Oceania countries.