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Pakistan

Pakistan ranked No. 56 in total trade value through October with a total of $5.53 billion. Exports totaled $2.43 billion and Imports totaled $3.1 billion, a deficit of $672.44 million.

January – October 2018

Top Trading Ports

Total Trade: $5.53 billion

RankPortTotal YTD
1Port of Newark $1,048,302,052
2Port of Savannah, Ga. $910,825,231
3Port of Los Angeles $453,980,990
4Port of Charleston $371,615,017
5Port of Houston $346,854,670
6Port of Virginia $322,532,125
7Port of New Orleans $218,711,496
8Port of New York $213,793,003
9Port of Southern Louisiana, Gramercy, St. James Parish $209,354,746
10John F. Kennedy International Airport $188,713,737

U.S. trade with Pakistan rose to $5.53 billion through October

Pakistan’s trade with the United States rose to $5.53 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.14 percent above its total trade during the same time period last year. Pakistan’s exports increased 7.04 percent while imports rose 3.7 percent. The U.S. deficit with Pakistan was $672.44 million.

Through October, 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 Houston. 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 Virginia No. 4 Port of Los Angeles and No. 5 Port of Houston. In the current time period, the top five accounted for 56.64 percent of Pakistan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 4.74 percent to $1.05 billion.
    Exports rose 20.56 percent to $67.83 million. Imports rose 3.8 percent to $980.47 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 19.27 percent to $910.83 million.
    Exports rose 121.98 percent to $351.39 million. Imports fell 7.59 percent to $559.44 million.
  • Trade with No. 3 Port of Los Angeles rose 4.56 percent to $453.98 million.
    Exports rose 4.18 percent to $99.39 million. Imports rose 4.66 percent to $354.59 million.
  • Trade with No. 4 Port of Charleston rose 24.96 percent to $371.62 million.
    Exports rose 90.41 percent to $94.64 million. Imports rose 11.82 percent to $276.98 million.
  • Trade with No. 5 Port of Houston rose 8.39 percent to $346.85 million.
    Exports rose 8.33 percent to $218.57 million. Imports rose 8.48 percent to $128.28 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 $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 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 $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Pakistan by value through October were the categories of Cotton; Soybeans; Scrap iron, steel; Petroleum gases, other gaseous hydrocarbons; and Gold, respectively. They accounted for 57.92 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; Women’s or girls’ suits, not knit; Sweaters, pullovers, vests, knit or crocheted; Misc. articles made from textile materials; and Men’s or boys’ slacks, suits, not knit –– accounted for 50.32 percent of all inbound shipments.

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

  • Cotton rose 129.85 percent compared to last year to $558.95 million.
  • Soybeans rose 82.66 percent compared to last year to $553.96 million.
  • Scrap iron, steel fell 18.81 percent compared to last year to $167.85 million.
  • Petroleum gases, other gaseous hydrocarbons rose 221.95 percent compared to last year to $72.36 million.
  • Gold rose 24.99 percent compared to last year to $53.33 million.

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

  • Linens for bed, bath and kitchen rose 0.02 percent compared to last year to $808.65 million.
  • Women’s or girls’ suits, not knit rose 3 percent compared to last year to $201.86 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 31.87 percent compared to last year to $195.01 million.
  • Misc. articles made from textile materials rose 7.56 percent compared to last year to $183.38 million.
  • Men’s or boys’ slacks, suits, not knit fell 2.64 percent compared to last year to $171.37 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.