Pakistan-US trade hits $7.6b
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Exports to US stands at $.836b, marking a 10% rise
Bilateral trade between Pakistan and the United States has seen a significant increase during the current fiscal year.
According to sources, in FY 2024-25 the trade volume between the two countries rose by 16%, reaching $7.598 billion.
Data shows that Pakistan’s exports to the US stands at $5.836 billion, marking a 10% rise compared to last year. On the other hand, imports from the US amounts to $1.763 billion, reflecting a sharp 40% increase.
In the export sector, textile products remained dominant. Exports of bed sheets, tablecloths, and kitchen linen reached $1.038 billion, while exports of men’s suits, jackets, and trousers stood at $936 million.
Other ready-made garments fetched $386 million, T-shirts $361 million, jerseys and cardigans $312 million, and hosiery (socks) $278 million.
Exports of knitted men’s shirts were valued at $244 million, leather goods at $165 million, and women’s suits, jackets, and dresses at $157 million.
On the import side, the highest growth was recorded in cotton imports, which climbed to $393 million. Iron and steel scrap imports stood at $159 million, soybeans at $137 million, and coal at $56 million.
Other major imports included chemical wood pulp and gas turbines (each $50 million), automatic data processing machines ($40 million), petroleum oil ($38 million), medical instruments ($36 million), and dry fruits ($33 million).
Reference Link:- https://tribune.com.pk/story/2562854/pakistan-us-trade-hits-76b
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
