And under this bilateral trade Pakistan is facing deficit of US$ 399 million. The details of all fifteen trading partners along with exports, imports, trade volume and trade balance is given in table 3.3.
3.5. TOP COMPETITIVE PRODUCTS OF PAKISTAN AND THE REPUBLIC OF KOREA:
A. TOP COMPETITIVE PRODUCTS OF PAKISTAN:
Table 3.4 shows the top 10 chapters of Pakistani industry which are competitive in international market and capturing significant export shares of Pakistan. The leading chapters show that Pakistan’s export advantage remained only limited to low tech chapters or products being used as raw materials.
Table 3.4: Top 10 Competitive Chapters of Pakistan
Country Product code Product label
Pakistan '52 Cotton
Page | 22 Pakistan '63 Other made textile articles, sets, worn clothing etc
Pakistan '10 Cereals
Pakistan '41 Raw hides and skins (other than furskins) and leather Pakistan '13 Lac, gums, resins, vegetable saps and extracts nes Pakistan '25 Salt, sulphur, earth, stone, plaster, lime and cement Pakistan '17 Sugars and sugar confectionery
Pakistan '11 Milling products, malt, starches, inulin, wheat gluten
Pakistan '55 Manmade staple fibres
Pakistan '42 Articles of leather, animal gut, harness, travel goods
Source: ITC Data Being agriculture economy, Pakistan is more competitive in the chapters which are agriculture intensive i.e. Chapter 52 (Cotton), Chapter 63 (Other made textile articles, sets, worn clothing etc.) and Chapter 10 (Cereals). The disintegrated data (Product level data) shows major exports of these chapters comprise of raw materials.
In the following table (Table 3.5), the top competitive products are given at HS-06 level. It shows that except few products majority are raw materials. As Pakistan has strong textile and apparel sector so it can be observed that out of top 20 products of Pakistan 19 belong to the Textile and Apparel sector. Top products have extraordinary strong competitiveness in view of export. Table 3.5 shows the products of Pakistan at HS-6 level which are competitive in international market.
Table 3.5: Top 20 Competitive Products of Pakistan at HS-06
Country Product code Product label
Pakistan '630239 Bed linen, of other textile materials, nes
Pakistan '521222 Woven fabrics of cotton, weighing more than 200 g/m2, bleached, nes
Pakistan '521211 Woven fabrics of cotton,weighing not more than 200 g/m2,unbleached,nes
Pakistan '610339 Mens/boys jackets and blazers, of other textile materials, knitted
Pakistan '521021 Plain weave cotton fab,<85% mixd w m-m fib,not more than 200 g/m2,bl
Pakistan '610590 Mens/boys shirts, of other textile materials, knitted
Pakistan '521051 Plain weave cotton fab,<85% mixd w m-m fib,nt more thn 200
Page | 23 g/m2,printd
Pakistan '521212 Woven fabrics of cotton,weighing not more than 200 g/m2,bleached,nes
Pakistan '630210 Bed linen, of textile knitted or crocheted materials
Pakistan '520911 Plain weave cotton fabric,>/=85%, more than 200 g/m2, unbleached Pakistan '620322 Mens/boys ensembles, of cotton, not knitted
Pakistan '520912 Twill weave cotton fabric,>/=85%, more than 200 g/m2, unbleached
Pakistan '521011 Plain weave cotton fab,<85% mixd w m-m fib,not more than 200 g/m2,unbl
Pakistan '520532 Cotton yarn,>/=85%,multi,uncombed,714.29 >dtex>/=232.56,nt put up,nes
Pakistan '520813 Twill weave cotton fabric,>/=85%, not more than 200 g/m2, unbleached
Pakistan '252610 Natural steatite, not crushed/powdered
Pakistan '520531 Cotton yarn,>/=85%, multi, uncombed,>/=714.29 dtex, not put up, nes
Pakistan '610349 Mens/boys trousers and shorts, of other textile materials, knitted Pakistan '630299 Toilet and kitchen linen, of other textile materials
Pakistan '521112 Twill weave cotton fab,<85% mixed with m-m fib,more than 200 g/m2,unbl
Source: ITC Data
B. TOP COMPETITIVE PRODUCTS OF THE REPUBLIC OF KOREA:
The table 3.6
below shows that top competitive chapters of Rep. of Korea in view of exports consist of industrial/manufactured/ finished products.Table 3.6: Top 20 Competitive Products of the Republic of Korea at HS-06
Country Product code Product label
Rep. of Korea '89 Ships, boats and other floating structures
Rep. of Korea '60 Knitted or crocheted fabric
Rep. of Korea '54 Manmade filaments
Rep. of Korea '79 Zinc and articles thereof
Rep. of Korea '78 Lead and articles thereof
Page | 24 Rep. of Korea '90 Optical, photo, technical, medical, etc apparatus
Rep. of Korea '59 Impregnated, coated or laminated textile fabric
Rep. of Korea '72 Iron and steel
Rep. of Korea '87 Vehicles other than railway, tramway
Rep. of Korea '85 Electrical, electronic equipment
Source: ITC Data Similarly, table 3.7 shows disintegrated data giving the list of top 20 products produced by Republic of Korea and have high export potential to the world market.
Table 3.7: Top 20 Competitive Product of Republic of Korea at HS-06
Country Product code Product label
Rep. of Korea '810790 Cadmium and articles thereof, nes
Rep. of Korea '853190 Parts of electric sound or visual signalling apparatus
Rep. of Korea '521222 Woven fabrics of cotton, weighing more than 200 g/m2, bleached, nes Rep. of Korea '890590 Floating docks and vessels which perform special functions
Rep. of Korea '370298
Photographic film, sensitised, in rolls, unexposed, with perforations, for monochrome phot
Rep. of Korea '890120 Tankers
Rep. of Korea '480990 Paper,copying/transfer,rolls of a wdth >36cm,sheets one side >36cm,nes Rep. of Korea '030719 Oysters : Other
Rep. of Korea '401310 Inner tubes of rubber for motor cars etc buses or lorries Rep. of Korea '291732 Dioctyl orthophthalates
Rep. of Korea '320730 Liquid lustres and similar preparations Rep. of Korea '400251 Acrylonitrile-butadiene rubber (NBR), latex Rep. of Korea '845129 Drying machines (o/t No 84.50) nes
Rep. of Korea '551291 Woven fabrics,containing>/=85% of oth synthetic staple fibres,unbl/bl Rep. of Korea '700312 Cast/rolled sheet, non-wired, coloured/opacified etc
Rep. of Korea '290244 Mixed xylene isomers
Rep. of Korea '284190 Salts of oxymetallic or peroxometallic acids nes Rep. of Korea '291736 Terephthalic acid and its salts
Rep. of Korea '730629 Casing and tubing of a kind used in drilling for oil or gas, welded, o
Page | 25 Rep. of Korea '290230 Toluene
Data Source: ITC Data The top competitive products show that majority of the products are finished goods which shows the strong industrial competitiveness of Republic of Korea.