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Pakistan

Pakistan ranked No. 58 in total trade value through August with a total of $4.16 billion. Exports totaled $1.51 billion and Imports totaled $2.64 billion, a deficit of $1.13 billion.

January – August 2019

Top Trading Ports

Total Trade: $4.16 billion

RankPortTotal YTD
1Port of Newark $822,270,783
2Port of Savannah, Ga. $679,216,179
3Port of Los Angeles $431,778,157
4Port of Virginia $376,943,836
5Port of Charleston $308,608,572
6Port of Houston $278,928,211
7John F. Kennedy International Airport $151,411,442
8Port of New York $129,857,966
9Port of New Orleans $117,589,188
10Port of Long Beach $89,780,574

U.S. trade with Pakistan rose to $4.16 billion through August

Pakistan’s trade with the United States rose to $4.16 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.39 percent below its total trade during the same time period last year. U.S. exports to Pakistan decreased 23.04 percent while U.S. imports from Pakistan rose 6.85 percent. The U.S. deficit with Pakistan was $1.13 billion.

Through August, 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 Newark No. 2 Port of Savannah, Ga. No. 3 Port of Los Angeles No. 4 Port of Charleston and No. 5 Port of Houston. In the current time period, the top five accounted for 62.98 percent of Pakistan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 2.47 percent to $822.27 million.
    Exports fell 26.09 percent to $41.91 million. Imports fell 0.77 percent to $780.36 million.
  • Trade with No. 2 Port of Savannah, Ga. fell 15.1 percent to $679.22 million.
    Exports fell 21.92 percent to $252.46 million. Imports fell 10.47 percent to $426.76 million.
  • Trade with No. 3 Port of Los Angeles rose 19.46 percent to $431.78 million.
    Exports rose 66.59 percent to $137.71 million. Imports rose 5.49 percent to $294.07 million.
  • Trade with No. 4 Port of Virginia rose 56.33 percent to $376.94 million.
    Exports fell 18.3 percent to $90.83 million. Imports rose 120.2 percent to $286.11 million.
  • Trade with No. 5 Port of Charleston rose 1.66 percent to $308.61 million.
    Exports fell 7.63 percent to $75.54 million. Imports rose 5.08 percent to $233.07 million.

Pakistan ranked No. 58 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 $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 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 $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Pakistan by value through August were the categories of Cotton; Scrap iron, steel; Soybeans; Gold; and Plastics, respectively. They accounted for 51.05 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 49.47 percent of all inbound shipments.

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

  • Cotton fell 14.91 percent compared to last year to $438.61 million.
  • Scrap iron, steel rose 5.32 percent compared to last year to $144.8 million.
  • Soybeans fell 70.58 percent compared to last year to $114.61 million.
  • Gold rose 1.11 percent compared to last year to $40.68 million.
  • Plastics rose 496.64 percent compared to last year to $34.69 million.

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

  • Linens for bed, bath and kitchen rose 2.03 percent compared to last year to $666.97 million.
  • Women’s or girls’ suits, not knit rose 4.12 percent compared to last year to $172.62 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 21.78 percent compared to last year to $171.85 million.
  • Misc. articles made from textile materials rose 0.57 percent compared to last year to $150.92 million.
  • Men’s or boys’ slacks, suits, not knit rose 11.46 percent compared to last year to $145.17 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.