The Hottest Products to Import From Pakistan in 2023
Below are the hottest imports from Pakistan, with large growth potential:
- Sporting Goods ($404.797 million in 2022-2023, a 10.94% increase)
- Fresh Mango’s / Fresh Fruits (US$8.5bn in 2023, a 7.3% increase)
- Knitwear / Textiles ($16.501 billion in 2022-23)
- Leather Products / Footwear ($484.1 million USD)
- Rice ($2.149 billion)
You do not need an import licence to import any of these products and clear UK customs.
Pakistan’s Exports Have Never Been Better Than In 2022
Pakistan is a growing export power with plenty of potential, which if taken advantage of now, could reap excellent profits in future years as Pakistan’s export industry grows stronger.
Pakistan’s exports hit historic high’s of $25.3 billion USD in the 2020-2021 financial year, with textiles accounting for a massive 60% of those exports, helping the country achieve 3.94% GDP growth after a slump caused by the worldwide slowdown due to coronavirus.
To further this impressive trend, Pakistan exports for 2022 was $39.42 billion USD, a 24.94% increase from 2021.
Import Sporting Goods From Pakistan
Sporting goods may not be the first thing you think of when considering exports from Pakistan but Pakistan’s sports goods are recognized as a hallmark of quality and in demand globally by many of the world’s leading sports goods brands.
The value of sporting goods was worth $404.797 million USD during July-June of the 2022-23 fiscal year compared with the export of $364.901 million USD during July-June of the 2021-22 fiscal year.
Pay close attention to the fact that Pakistan’s sports goods exports ballooned by over 10% in the fiscal year 2022-23 as compared to the previous year, (source Pakistan Bureau of Statistics (PBS)), an impressive 10.94% increase to be exact.
Fresh Mango’s
Pakistan is one of the worlds’ largest exporter of fresh mango’s. Every year a massive quantity is exported globally, notably in 2021-22 production stood at 1.84 million tons!
Mango’s and fresh fruits can be big business especially in countries with colder climates as they have to import fresh fruits to maintain their supply through colder months.
The fresh fruits market in Pakistan amounted to US$8.5bn in 2023 and is expected to grow annually by 7.30%.
Knitwear and Textiles
In the fiscal year of 2022-23 (July-June), Pakistan exported $16.501 billion USD from textile and apparel exports, including knitwear.
In April 2023 alone, textile exports amounted to $1.23 billion.
The top five destinations of Pakistan exports for knitwear and textiles are United States, United Kingdom, Germany, Spain, and Poland.
Leather Products
From July 2022 to April 2023 Pakistan’s leather manufacturers’ exported $484.1 million USD.
Footwear is a huge industry in Pakistan and it should be noted that, from July 2022 to April 2023, Pakistan exported 21.70 million pairs of shoes, worth a massive $148.4 million USD. This is an incredible increase of 38.49% increase in volume and a 14.08% growth in value, as compared to the previous year.
Pakistan’s footwear industry is the 7th largest in the world and has room to grow and place itself in the top three over the next decade.
Rice
India is the world’s largest exporter of rice, however Pakistan follows closely with exports totaling 3.717 million tonnes and a dollar value of $2.149 billion in fiscal year 2023.
Rice is and always will be in high demand globally as it is a staple food for more than 3.5 billion people around the world.
How To Successfully Import From Pakistan
The 4 Steps To Success
If you’re now thinking to get involved in the import export world and importing any of these products into your own country, I highly recommend it! Below is a personal testimonial of my experience, working 35+ years in import export. I’ve met some many great people, enjoyed my travels around the world and the satisfaction of negotiating deals and moving products around the world has been fantastic.
If the ideas above have inspired you, I recommend you take the next three steps.
Step 1: Know How To Source Your Products
Once you’ve decided on some products, you’ll have to source where to buy them. Finding sellers of your products is also half the fun. If you’re in a position to travel and explore, do it! It’s a great opportunity to expand your horizons. Not so easy in these times of a global pandemic but eventually we’ll be able to travel again.
If you can’t travel, there’s always Google, AliBaba and AliExpress. This can be a great place to start. For more ideas and an much more in-depth look into sourcing products, check out our blog in sourcing products internationally.
Another advantage to these products is they’re small enough to get product samples easily, either by travelling to Pakistan and bringing them to other countries or by buying online and having the goods shipped.
Once you’ve found your new supplier, you’re going to need an EORI number for products to clear UK customs and a freight forwarder so make sure you know how to set this up.
Step 2: Know How To Finding Buyers
Perhaps the biggest question is inevitably, how do I find buyers for my products?
This is without doubt the most common question that I’m asked. Well, the good news is, there’s more than one way to do this. The bad news is, there’s no “easy” way. It’s all going to take some hard work and perseverance but it can most certainly be done and some good profits are no doubt waiting for you.
For my biggest hints and tips after a lifetime in commercial buying and selling check out our blog post on finding buyers.
Step 3: Make Sure You Understand the Basics
You’re going to need to understand at a minimum, the basics of import and export. Don’t jump in and start buying products, hoping to sell them by crossing your fingers. You’ll lose money, time and cause yourself a lot of stress.
To start, have a read of our blog post, How To Start an Import Export Business. It’s only the bare minimum but it will give you an idea of what you need to start thinking about and you’ll pick up some handy tips that I learned over the year.
Step 4: Import Export Training Courses Online
If you’re still sold on the idea of trading internationally, I can only advise you to educate yourself. It’s going to save you a lot of pain! Our online import export courses are taught with a series of pre-recorded videos so you can start any time, study at your own pace and there’s no deadline to complete.
Our courses teach you the practical knowledge you’ll need to know to trade successfully, confidently whilst maximising your profits. Taught by Alan Bracken, with 35+ years of commercial experience in logistics, he skips all the theory you’ll never need to know but teaches you the practical side of how to move your goods around the world.
We were voted Best Trade Education Provider in 2017 by Trade Finance Global and our course has been validated by the London Institute of Shipping and Transport.
Check out our reviews on TrustPilot to see just how our courses have benefited our students.
