Import of Goods Value from Pakistan (1990-2023)

Pakistan’s import value demonstrated a consistent upward trend, growing from $7.4B in 1990 to $72.5B in 2021, followed by a peak of $70.7B in 2022. The sharp increase during the 2000s, from $13B in 2003 to $42.3B in 2008, was driven by rising demand for energy, machinery, and consumer goods during a period of economic liberalization and growth. However, the global financial crisis caused imports to dip to $31.7B in 2009.

The recent rise to $72.5B in 2021 reflects a post-pandemic recovery and increased energy imports to meet growing industrial and consumer demand. The decline to $50.3B in 2023 signals adjustments to macroeconomic pressures, including currency depreciation and high inflation. Pakistan’s reliance on imports for energy and essential commodities highlights its vulnerability to external economic shocks.