SEOUL, KOREA - Korea and Pakistan’s bilateral trade relations in the year 2011 reached an all time high of US$ 1.556 billion, which was an increase of 32% as compared to 2010. The exports to Korea being US$ 736 million and Korea’s exports to Pakistan being US$ 819 million. Again in 2012, this volume of trade further increased to US$ 1.623 billion with Pakistan’s exports being US$ 776 million and Korean exports being US$ 847 million.
Major Pakistani Items exported to Korea in 2012 were petroleum products like Naphtha, Indentured Ethyl Alcohol, Cotton Yarn, Unrefined Copper, Leather, Fish etc. While Pakistan is importing Human & Animal Vaccine for medicines, chemicals, Naphtha, Flat-rolled products of iron or non-alloy steel, Polycarboxylic Acids, Steam or other Vapour Generating Boilers, Synthetic Rubber derived from Oils etc. Korea IT Times recently had an interview with Shaukat Ali Mukadam, the ambassador of Pakistan, to find out the fruitful bilateral relations between Korea and Pakistan.