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Pakistan

Pakistan ranked No. 56 in total trade value through May with a total of $2.75 billion. Exports totaled $1.1 billion and Imports totaled $1.65 billion, a deficit of $549.65 million.

January – May 2019

Top Trading Ports

Total Trade: $2.75 billion

RankPortTotal YTD
1Port of Newark $518,699,889
2Port of Savannah, Ga. $488,017,543
3Port of Los Angeles $296,468,701
4Port of Virginia $250,686,639
5Port of Charleston $206,998,323
6Port of Houston $187,319,351
7John F. Kennedy International Airport $91,508,847
8Port of New York $80,933,024
9Port of New Orleans $73,327,212
10Port of Oakland, Calif. $61,927,401

U.S. trade with Pakistan rose to $2.75 billion through May

Pakistan’s trade with the United States rose to $2.75 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.88 percent below its total trade during the same time period last year. U.S. exports to Pakistan decreased 17.1 percent while U.S. imports from Pakistan rose 7.57 percent. The U.S. deficit with Pakistan was $549.65 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Savannah, Ga.; No. 3 Port of Los Angeles; No. 4 Port of Virginia; 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 Houston and No. 5 Port of Charleston. In the current time period, the top five accounted for 63.95 percent of Pakistan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 2.1 percent to $518.7 million.
    Exports fell 43.37 percent to $24.05 million. Imports rose 1.5 percent to $494.65 million.
  • Trade with No. 2 Port of Savannah, Ga. fell 16.36 percent to $488.02 million.
    Exports fell 22.82 percent to $213.99 million. Imports fell 10.51 percent to $274.02 million.
  • Trade with No. 3 Port of Los Angeles rose 30.14 percent to $296.47 million.
    Exports rose 86.05 percent to $108.98 million. Imports rose 10.78 percent to $187.49 million.
  • Trade with No. 4 Port of Virginia rose 57.37 percent to $250.69 million.
    Exports fell 8.64 percent to $74.14 million. Imports rose 125.9 percent to $176.55 million.
  • Trade with No. 5 Port of Charleston rose 3.88 percent to $207 million.
    Exports fell 14.62 percent to $55.48 million. Imports rose 12.84 percent to $151.52 million.

Pakistan ranked No. 56 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 55.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Pakistan by value through May were the categories of Cotton; Scrap iron, steel; Soybeans; Petroleum gases, other gaseous hydrocarbons; and Nonelectric rail locomotives, tenders, respectively. They accounted for 55.29 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; Sweaters, pullovers, vests, knit or crocheted; and Men’s or boys’ slacks, suits, not knit –– accounted for 49.32 percent of all inbound shipments.

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

  • Cotton fell 15.55 percent compared to last year to $393.23 million.
  • Scrap iron, steel fell 13.26 percent compared to last year to $84.57 million.
  • Soybeans fell 52.04 percent compared to last year to $71.28 million.
  • Petroleum gases, other gaseous hydrocarbons fell 53.93 percent compared to last year to $33.34 million.
  • Nonelectric rail locomotives, tenders totaled $26.83 million. The previous year, there were no exports in this category.

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

  • Linens for bed, bath and kitchen rose 3.32 percent compared to last year to $427.11 million.
  • Women’s or girls’ suits, not knit rose 4.24 percent compared to last year to $107.89 million.
  • Misc. articles made from textile materials rose 1.87 percent compared to last year to $99.8 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 29.26 percent compared to last year to $94.37 million.
  • Men’s or boys’ slacks, suits, not knit rose 14.02 percent compared to last year to $85.39 million.

In the latest annual figures available, Pakistan recorded $6.38 billion in trade with the United States. At year’s end, its were New York City; Atlanta/Savannah; Los Angeles; New Orleans; and Norfolk. Total U.S. exports to Pakistan were $ 2.81 billion and imports from Pakistan were $3.57 billion. The U.S. deficit with Pakistan was $764.94 million.