Comparative Advantage and The Product Mapping of Exporting Sector of Minerals in Pakistan

Abstract

The economic policy of import and export has its both advantages and disadvantages on the economy of every state . In Pakistan, however, this policy of import and export economy often led to an unsymmetrical export portfolio resulting in the trade balance deficit. This study aims at measuring the export competitiveness of minerals in Pakistan, and the data were obtained from international trade center (ITC). Hence, a set of revealed comparative advantage (RCA) indices were employed to examine the comparative and competitive advantage of mineral sector of Pakistan for the peiod2003-2018. The results show that Pakistan had a comparative advantage in the minerals exporting sector during 2004 to 2018, while comparative disadvantage in 2003. Further, the net export index illustrates that Pakistan was a net-importer of this sector from 2003-04, whereas net-exporter during 2005-18.