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Pakistan

Pakistan ranked No. 58 in total trade value through July with a total of $3.64 billion. Exports totaled $1.34 billion and Imports totaled $2.3 billion, a deficit of $961.69 million.

January – July 2019

Top Trading Ports

Total Trade: $3.64 billion

RankPortTotal YTD
1Port of Newark $728,924,594
2Port of Savannah, Ga. $611,993,439
3Port of Los Angeles $386,859,869
4Port of Virginia $339,097,111
5Port of Charleston $271,795,644
6Port of Houston $243,865,537
7John F. Kennedy International Airport $130,153,885
8Port of New York $112,067,752
9Port of New Orleans $79,505,193
10Port of Oakland, Calif. $79,414,182

U.S. trade with Pakistan rose to $3.64 billion through July

Pakistan’s trade with the United States rose to $3.64 billion through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.45 percent below its total trade during the same time period last year. U.S. exports to Pakistan decreased 25.31 percent while U.S. imports from Pakistan rose 7.52 percent. The U.S. deficit with Pakistan was $961.69 million.

Through July, 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 64.17 percent of Pakistan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 0.93 percent to $728.92 million.
    Exports fell 30.76 percent to $35.75 million. Imports rose 1.32 percent to $693.17 million.
  • Trade with No. 2 Port of Savannah, Ga. fell 15.35 percent to $611.99 million.
    Exports fell 21.77 percent to $240.49 million. Imports fell 10.59 percent to $371.51 million.
  • Trade with No. 3 Port of Los Angeles rose 22.45 percent to $386.86 million.
    Exports rose 73.71 percent to $129.98 million. Imports rose 6.54 percent to $256.88 million.
  • Trade with No. 4 Port of Virginia rose 60.57 percent to $339.1 million.
    Exports fell 14.6 percent to $86.11 million. Imports rose 129.26 percent to $252.98 million.
  • Trade with No. 5 Port of Charleston rose 1.87 percent to $271.8 million.
    Exports fell 9.27 percent to $68.83 million. Imports rose 6.29 percent to $202.96 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 $2.41 trillion, down 0.06 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $956.44 billion; imports climbed 0.38 percent to $1.45 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 $498.31 billion, up compared to the same period of last year when the deficit was $485.95 billion.

The top five U.S. exports to Pakistan by value through July were the categories of Cotton; Scrap iron, steel; Soybeans; Gold; and Petroleum gases, other gaseous hydrocarbons, respectively. They accounted for 51.3 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 49.48 percent of all inbound shipments.

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

  • Cotton fell 14.99 percent compared to last year to $426.71 million.
  • Scrap iron, steel fell 3.75 percent compared to last year to $120.47 million.
  • Soybeans fell 79.26 percent compared to last year to $71.28 million.
  • Gold rose 0.35 percent compared to last year to $36.24 million.
  • Petroleum gases, other gaseous hydrocarbons fell 53.92 percent compared to last year to $33.34 million.

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

  • Linens for bed, bath and kitchen rose 2.22 percent compared to last year to $578.25 million.
  • Women’s or girls’ suits, not knit rose 3.59 percent compared to last year to $154.27 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 25.27 percent compared to last year to $146.04 million.
  • Misc. articles made from textile materials rose 3.57 percent compared to last year to $135.13 million.
  • Men’s or boys’ slacks, suits, not knit rose 9.76 percent compared to last year to $125.84 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.