KARACHI: Pakistan’s exports to the United States witnessed a significant boost over the past financial year, recording an increase of $550 million.
The annual trade surplus between Pakistan and the US has now surpassed $4 billion, marking a positive milestone in bilateral trade relations.
According to official data, the total trade volume between Pakistan and the US during the last fiscal year reached $759.8 million. Pakistan exported goods worth $583 million to the US, reflecting a 10% growth compared to the previous year. Meanwhile, imports from the US stood at $176.3 million, showing a remarkable 40% increase.
Key export categories included bedwear, tableware, toilet, and kitchen products, with a combined export value of $103.8 million. Exports of men’s suits, jackets, and trousers reached $9.36 million, while ready-made garments and dress patterns were exported worth $3.86 million.
Other notable exports to the US included T-shirts valued at $3.61 million, jerseys and pullovers at $3.12 million, socks at $2.78 million, leather goods at $1.65 million, and women’s clothing at $1.57 million.
On the import side, Pakistan sourced major commodities from the US such as cotton worth $3.93 million, iron and steel scrap valued at $1.6 million, soybeans at $1.37 million, and coal amounting to $560,000.
Additionally, turbojets and gas turbines imports were valued at $500,000. Other imports included computer machinery ($400,000), petroleum oil ($380,000), electromedical equipment ($360,000), and dried fruits ($330,000).
This upward trend in trade highlights strengthening economic ties between the two countries and opens avenues for further collaboration.
