Pakistan's imports and Exports by Country

[AsifAmeer]

Well.. now we are stuck in an argument about UAE and KSA. Lets do this. I will not argue because I do not have the numbers to back it up. I will come back to you with numbers and then we will talk. Who knows u may be right and I may be wrong. Lets see how it turns out..

About the Petrol, I created this spreadsheet which gives you a rough idea of the cost of Petrol to Pakistan
https://docs.google.com/spreadsheet/ccc?key=0ApcMt1_owrg9dFhNdURfVlNLNktQVGhXVW5sTDY4V3c

Right now the cost of Litre Petrol is Rs69.15. What is petrol being sold for in Pakistan? Rs104?

Bro, no... stay away from the banks.

Yaar my understanding is that the huge import from UAE is due to the CRUDE OIL imports. Again, this is my assumption and I cant back my claims with figures.. YET. I'll get back to you on this issue. Lekin I feel pretty sure its crude and not phones because of the size of the trade, plus the inelasticity of trade trend.. Phone is discretionary. Crude Oil isnt... But let me find the figures for you. Will get back to you on this one[/QUOTE
WELL SIR JEE I THINK OIL TRADING IS DONE THRU SAUDI ARAB AND KUWAIT ,AS KSA GV US OIL FOR DIFFERED PAYMENTS(MONTHS LONG) WHICH NO ONE CAN GV AND ONLY SAUDIS CAN AFFORD!(courtesy my minstry of oil friend)
UAE IS OIL EXPORTER AND SUCH A BIG EXPORTER TO PAK?
PS.well if you find time please calculate the taxes on per liter of petrol being sold in pak ,its more than actual cost!

 

[Aleph]

EDITED VERSION

Great comments, Sir! You give @AsifAmeer 's piechart and article more perspective.

@AsifAmeer:

You are right that the 19% imports from UAE is largely crude oil (and its derivatives like HDP for plastic manufacturing etc). What I would like to know is that this problem of petro-dollars is not unique to Pakistan so what is the actual point? Every country imports oil in USD (albeit, this norm seems to be receeding as China and Russia are starting to import oil in their own currency now). I think a proper follow up to this post of yours would be to analyze what percentage of its crude oil imports does Pakistan use in power generation (electricity). I am thinking that a large chunk (at least 60%) would be used for electricity generation, which is just pathetic.

If Pakistan can cut down on its oil imports from UAE and put money in other fuels for power generation (coal, hydrothermal etc -- btw I am not a big fan of nuclear energy) then we could cut our imports from UAE from 19% to say 10%-14% which would actually hugely benefit us. We would probably have more USD in our reserve which would stabilize our Rupee and inflation to a great extent. Until we are stuck with this global curse of trading in USD this would perhaps play the role of band-aid on our bleeding arm!

What say you, Aflatoon (aka @AsifAmeer)?

Many might have noticed but just ignored to comment

1, China exports more than 3 times than they import from Pakistan ? Is that the cost of being an all-weather friend? More than that, it is slowly destroying local manufacturers except in the case off-the-shelf missiles and thunders. (97 vs 317 billion Rs)

2. Pakistan exports more than twice as much as it imports from USA. Most of the pakistani exports are supporting local small and medium manufacturers in textile, food sector, while the imports are mainly in defense supplies and tech sector which has no bearing in affecting the local manufacturers. (213 vs 93 billion Rs)

Still USA is regarded as Enemy no.1 , displacing India. (Maal be lo, khulke gali be do)

In contrast, it should be economics which should decide which country is a friend or enemy?

 

[Aleph]

@AsifAmeer and @bhaibarood:

What difference does it make if KSA is bigger exporter of oil to Pakistan or UAE? The fact remains that we are importing a helluva lot of crude oil, which is actually contributing to our inflation and Balance of Payments. So while @AsifAmeer can check who exactly it is that Pakistan imports oil from and how much, the fact remains that we (for arguments sake) earn 15 dollars from exports to America and then spend 19 dollars to buy oil from the GCC states (UAE, KSA, Kuwait et al). That alone is a huge contributor to our inflation (given that all currencies are backed by the USD).

I can't understand for the life of me why these stupid Arabs can't sell their oil in all currencies? Why do they have to be pegged to the USD? There must be a reason behind it.

 

[AsifAmeer]

Ur right.. regardless who Pakistan imports from or what it imports. Its still imports!

I say "We make it the Mighty Dollar"

EDITED VERSION

Great comments, Sir! You give @AsifAmeer 's piechart and article more perspective.

@AsifAmeer:

You are right that the 19% imports from UAE is largely crude oil (and its derivatives like HDP for plastic manufacturing etc). What I would like to know is that this problem of petro-dollars is not unique to Pakistan so what is the actual point? Every country imports oil in USD (albeit, this norm seems to be receeding as China and Russia are starting to import oil in their own currency now). I think a proper follow up to this post of yours would be to analyze what percentage of its crude oil imports does Pakistan use in power generation (electricity). I am thinking that a large chunk (at least 60%) would be used for electricity generation, which is just pathetic.

If Pakistan can cut down on its oil imports from UAE and put money in other fuels for power generation (coal, hydrothermal etc -- btw I am not a big fan of nuclear energy) then we could cut our imports from UAE from 19% to say 10%-14% which would actually hugely benefit us. We would probably have more USD in our reserve which would stabilize our Rupee and inflation to a great extent. Until we are stuck with this global curse of trading in USD this would perhaps play the role of band-aid on our bleeding arm!

What say you, Aflatoon (aka @AsifAmeer)?

 

[FlyHigh]

Many might have noticed but just ignored to comment

1, China exports more than 3 times than they import from Pakistan ? Is that the cost of being an all-weather friend? More than that, it is slowly destroying local manufacturers except in the case off-the-shelf missiles and thunders. (97 vs 317 billion Rs)

2. Pakistan exports more than twice as much as it imports from USA. Most of the pakistani exports are supporting local small and medium manufacturers in textile, food sector, while the imports are mainly in defense supplies and tech sector which has no bearing in affecting the local manufacturers. (213 vs 93 billion Rs)

Still USA is regarded as Enemy no.1 , displacing India. (Maal be lo, khulke gali be do) Go to any of the Indian forums and blogs, you guys can't get a nice night sleep without abusing Muslims and Arabs, yet millions of you fellow Indians preper to make their living from the Arabs and in Muslim lands. Wat is the reason that

In contrast, it should be economics which should decide which country is a friend or enemy?

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