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Pakistan

Pakistan ranked No. 56 in total trade value through December with a total of $6.64 billion. Exports totaled $2.93 billion and Imports totaled $3.71 billion, a deficit of $782.84 million.

January – December 2018

Top Trading Ports

Total Trade: $6.64 billion

RankPortTotal YTD
1Port of Newark $1,256,061,118
2Port of Savannah, Ga. $1,038,606,736
3Port of Los Angeles $543,138,202
4Port of Charleston $449,228,264
5Port of Virginia $429,249,856
6Port of Houston $406,853,281
7Port of New Orleans $274,619,539
8Port of New York $258,786,272
9Port of Southern Louisiana, Gramercy, St. James Parish $232,752,409
10John F. Kennedy International Airport $225,698,060

U.S. trade with Pakistan rose to $6.64 billion through December

Pakistan’s trade with the United States rose to $6.64 billion in 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.04 percent above its total trade during the previous year. Pakistan’s exports increased 4.27 percent while imports rose 3.86 percent. The U.S. deficit with Pakistan was $782.84 million.

Through December, 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 Charleston; and No. 5 Port of Virginia. During the same period the previous year, the top five 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 Houston. In the current time period, the top five accounted for 55.96 percent of Pakistan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 6.41 percent to $1.26 billion.
    Exports rose 32.37 percent to $94.38 million. Imports rose 4.74 percent to $1.16 billion.
  • Trade with No. 2 Port of Savannah, Ga. rose 12.68 percent to $1.04 billion.
    Exports rose 96.18 percent to $394.3 million. Imports fell 10.61 percent to $644.31 million.
  • Trade with No. 3 Port of Los Angeles rose 2.78 percent to $543.14 million.
    Exports fell 1.01 percent to $116.04 million. Imports rose 3.86 percent to $427.1 million.
  • Trade with No. 4 Port of Charleston rose 23.08 percent to $449.23 million.
    Exports rose 71.67 percent to $109.99 million. Imports rose 12.74 percent to $339.24 million.
  • Trade with No. 5 Port of Virginia fell 15.95 percent to $429.25 million.
    Exports fell 45.11 percent to $181.11 million. Imports rose 37.28 percent to $248.14 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. 57.

Meanwhile, total U.S. trade with the world increased to $4.21 trillion, up 8.33 percent compared to the same period last year. The nation’s exports climbed 7.59 percent to $1.66 trillion; imports climbed 8.82 percent to $2.54 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $878.68 billion, up compared to the same period of last year when the deficit was $790 billion.

The top five U.S. exports to Pakistan by value through December were the categories of Soybeans; Cotton; Scrap iron, steel; Petroleum gases, other gaseous hydrocarbons; and Gold, respectively. They accounted for 55.92 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; Sweaters, pullovers, vests, knit or crocheted; Women’s or girls’ suits, not knit; Misc. articles made from textile materials; and Men’s or boys’ slacks, suits, not knit –– accounted for 50.1 percent of all inbound shipments.

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

  • Soybeans rose 60.89 percent compared to last year to $689.16 million.
  • Cotton rose 106.31 percent compared to last year to $614.73 million.
  • Scrap iron, steel fell 23.08 percent compared to last year to $199.9 million.
  • Petroleum gases, other gaseous hydrocarbons rose 115.01 percent compared to last year to $72.36 million.
  • Gold rose 17.91 percent compared to last year to $62 million.

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

  • Linens for bed, bath and kitchen fell 0.99 percent compared to last year to $959.47 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 29.68 percent compared to last year to $236.03 million.
  • Women’s or girls’ suits, not knit rose 4.8 percent compared to last year to $234.39 million.
  • Misc. articles made from textile materials rose 6.59 percent compared to last year to $222.4 million.
  • Men’s or boys’ slacks, suits, not knit fell 0.31 percent compared to last year to $207.52 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.