Pakistan-US trade surplus surges past  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.

 



Courtesy By BOL News

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