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Pakistan-US trade surplus surges past $4 billion with 16% growth

Pakistan-US trade surplus surges past $4 billion with 16% growth

The trade relationship between Pakistan and the United States has demonstrated significant growth in the latest fiscal year, with the bilateral trade volume reaching $7.598 billion—marking a robust 16% increase compared to the previous year.

Pakistan’s exports to the US rose by 10%, totaling $5.83 billion. Key export categories driving this growth included bed linen and household textile products valued at $1.038 billion; men’s suits, jackets, and trousers worth $936 million; ready-made garments and dress materials at $386 million; T-shirts ($361 million); jerseys and pullovers ($312 million); socks ($278 million); leather goods ($165 million); and women’s apparel ($157 million).

On the import side, Pakistan significantly increased its purchases from the US by 40%, with total imports reaching $2.56 billion. Major imports comprised cotton ($393 million), iron and steel scrap ($160 million), soybeans ($137 million), and coal ($56 million).

Other important imported items included turbojets and gas turbines ($50 million), computer machinery ($40 million), petroleum oils ($38 million), electromedical equipment ($36 million), and dried fruits ($33 million).

The trade surplus in favor of Pakistan has now crossed the $4 billion mark, highlighting the strength and resilience of economic ties between the two nations. This positive momentum sets the stage for further collaboration and expansion in bilateral trade.

 

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