China is Pakistan’s largest trading partner

China has replaced the US as Pakistan’s largest trading partner. The UAE follows closely behind in second place with the US in third place. Germany is in eighth place while the UK is tenth on the list of Pakistan’s top ten trading partners. Japan is no longer in the ten top list. The latest rankings based on the FY11 statistics indicate that Pakistan is doing much more trade within Asia and its reliance on American and European markets is on the decline.