Pakistan

Pakistan ranked No. 50 in total trade value through March with a total of $1.84 billion. Exports totaled $879.98 million and Imports totaled $958.04 million, a deficit of $78.06 million.

U.S. trade with Pakistan rose to $1.84 billion through March

Pakistan’s trade with the United States rose to $1.84 billion through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.51 percent above its total trade during the same time period last year. U.S. exports to Pakistan increased 14.97 percent while U.S. imports from Pakistan fell 1.9 percent. The U.S. deficit with Pakistan was $78.06 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Savannah, Ga.; No. 2 Port of Newark; No. 3 Port of Los Angeles; No. 4 Port of Houston; and No. 5 Port of Charleston. During the same period the previous year, the top five were No. 1 Port of Savannah, Ga. No. 2 Port of Newark No. 3 Port of Los Angeles No. 4 Port of Virginia and No. 5 Port of Charleston. In the current time period, the top five accounted for 59.8 percent of Pakistan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Savannah, Ga. fell 7.76 percent to $296.92 million.
    Exports rose 5.66 percent to $163.93 million. Imports fell 20.25 percent to $132.99 million.
  • Trade with No. 2 Port of Newark fell 9.01 percent to $284.57 million.
    Exports fell 23.03 percent to $12.28 million. Imports fell 8.26 percent to $272.29 million.
  • Trade with No. 3 Port of Los Angeles rose 3.34 percent to $180.61 million.
    Exports rose 21.82 percent to $78.52 million. Imports fell 7.46 percent to $102.09 million.
  • Trade with No. 4 Port of Houston rose 58.58 percent to $175.74 million.
    Exports rose 77.8 percent to $133.72 million. Imports rose 17.98 percent to $42.01 million.
  • Trade with No. 5 Port of Charleston rose 24.59 percent to $161.29 million.
    Exports rose 55.9 percent to $61.66 million. Imports rose 10.82 percent to $99.63 million.

Pakistan ranked No. 50 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 56.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Pakistan by value through March were the categories of Cotton; Soybeans; Scrap iron, steel; Petroleum gases, other gaseous hydrocarbons; and Plastics, respectively. They accounted for 67.89 percent of total exports to Pakistan.

The value of the top five categories of U.S. imports from Pakistan –– Linens for bed, bath and kitchen; Women’s or girls’ suits, not knit; Misc. articles made from textile materials; Men’s or boys’ slacks, suits, not knit; and Sweaters, pullovers, vests, knit or crocheted –– accounted for 49.09 percent of all inbound shipments.

Looking more closely at U.S. exports to Pakistan:

  • Cotton rose 42.07 percent compared to last year to $397.35 million.
  • Soybeans fell 1.87 percent compared to last year to $69.95 million.
  • Scrap iron, steel rose 41.31 percent compared to last year to $62.73 million.
  • Petroleum gases, other gaseous hydrocarbons rose 35.7 percent compared to last year to $45.24 million.
  • Plastics rose 128.38 percent compared to last year to $22.16 million.

Looking more closely at U.S. imports from Pakistan:

  • Linens for bed, bath and kitchen fell 10.42 percent compared to last year to $226.72 million.
  • Women’s or girls’ suits, not knit rose 16.85 percent compared to last year to $78.62 million.
  • Misc. articles made from textile materials rose 0.19 percent compared to last year to $58.73 million.
  • Men’s or boys’ slacks, suits, not knit rose 10.97 percent compared to last year to $55.2 million.
  • Sweaters, pullovers, vests, knit or crocheted fell 10.57 percent compared to last year to $51.02 million.

In the latest annual figures available, Pakistan recorded $6.54 billion in trade with the United States. Total U.S. exports to Pakistan were $ 2.62 billion and imports from Pakistan were $3.92 billion. The U.S. deficit with Pakistan was $1.3 billion.