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Pakistan

Pakistan ranked No. 56 in total trade value through November with a total of $6.08 billion. Exports totaled $2.66 billion and Imports totaled $3.42 billion, a deficit of $761.03 million.

January – November 2018

Top Trading Ports

Total Trade: $6.08 billion

RankPortTotal YTD
1Port of Newark $1,154,665,874
2Port of Savannah, Ga. $960,475,324
3Port of Los Angeles $498,700,078
4Port of Charleston $410,414,991
5Port of Houston $373,824,545
6Port of Virginia $361,707,324
7Port of New Orleans $269,790,864
8Port of New York $241,695,710
9Port of Southern Louisiana, Gramercy, St. James Parish $232,752,409
10John F. Kennedy International Airport $205,146,667

U.S. trade with Pakistan rose to $6.08 billion through November

Pakistan’s trade with the United States rose to $6.08 billion through the first 11 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.4 percent above its total trade during the same time period last year. Pakistan’s exports increased 5.63 percent while imports rose 3.46 percent. The U.S. deficit with Pakistan was $761.03 million.

Through November, 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 Los Angeles No. 4 Port of Virginia and No. 5 Port of Houston. In the current time period, the top five accounted for 55.87 percent of Pakistan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 4.46 percent to $1.15 billion.
    Exports rose 22.9 percent to $75.88 million. Imports rose 3.37 percent to $1.08 billion.
  • Trade with No. 2 Port of Savannah, Ga. rose 14.54 percent to $960.48 million.
    Exports rose 109.01 percent to $359.78 million. Imports fell 9.86 percent to $600.69 million.
  • Trade with No. 3 Port of Los Angeles rose 4.1 percent to $498.7 million.
    Exports rose 1.83 percent to $104.59 million. Imports rose 4.72 percent to $394.11 million.
  • Trade with No. 4 Port of Charleston rose 24.36 percent to $410.41 million.
    Exports rose 86.53 percent to $101.69 million. Imports rose 12.05 percent to $308.72 million.
  • Trade with No. 5 Port of Houston rose 9.25 percent to $373.82 million.
    Exports rose 9.01 percent to $230.83 million. Imports rose 9.63 percent to $142.99 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 $3.87 trillion, up 8.92 percent compared to the same period last year. The nation’s exports climbed 8.46 percent to $1.53 trillion; imports climbed 9.22 percent to $2.34 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 $806.02 billion, up compared to the same period of last year when the deficit was $728.06 billion.

The top five U.S. exports to Pakistan by value through November were the categories of Soybeans; Cotton; Scrap iron, steel; Petroleum gases, other gaseous hydrocarbons; and Gold, respectively. They accounted for 57.34 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 50.18 percent of all inbound shipments.

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

  • Soybeans rose 82.53 percent compared to last year to $642.51 million.
  • Cotton rose 125.74 percent compared to last year to $567.94 million.
  • Scrap iron, steel fell 21.95 percent compared to last year to $186.23 million.
  • Petroleum gases, other gaseous hydrocarbons rose 115.01 percent compared to last year to $72.36 million.
  • Gold rose 22.19 percent compared to last year to $56.48 million.

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

  • Linens for bed, bath and kitchen fell 0.93 percent compared to last year to $887.85 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 29.47 percent compared to last year to $218.23 million.
  • Women’s or girls’ suits, not knit rose 1.82 percent compared to last year to $215.98 million.
  • Misc. articles made from textile materials rose 6.96 percent compared to last year to $203.58 million.
  • Men’s or boys’ slacks, suits, not knit fell 2.35 percent compared to last year to $191.18 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.