U.S. - Pakistan Trade Facts
In 2019, Pakistan GDP was an estimated $284.2 billion (current market exchange rates); real GDP was up by an estimated 3.3%; and the population was 205 million. (Source: IMF)
Pakistan is currently our 56th largest goods trading partner with $6.6 billion in total (two way) goods trade during 2019. Goods exports totaled $2.6 billion; goods imports totaled $3.9 billion. The U.S. goods trade deficit with Pakistan was $1.3 billion in 2019.
According to the Department of Commerce, U.S. exports of goods to Pakistan supported an estimated 10 thousand jobs in 2015 (latest data available).
Exports
- Pakistan was the United States' 57th largest goods export market in 2019.
- U.S. goods exports to Pakistan in 2019 were $2.6 billion, down 7.2% ($204 million) from 2018 but up 63.7% from 2009.
- The top export categories (2-digit HS) in 2019 were: cotton ($628 million), oilseeds and oleaginous fruits (soybeans) ($390 million), iron and steel ($244 million), machinery ($198 million), and mineral fuels ($132 million).
- U.S. total exports of agricultural products to Pakistan totaled $1.2 billion in 2019, our 24th largest agricultural export market. Leading domestic export categories include: cotton ($628 million), soybeans ($384 million), tree nuts ($33 million), dairy products ($31 million), and planting seeds ($30 million).
Imports
- Pakistan was the United States' 55th largest supplier of goods imports in 2019.
- U.S. goods imports from Pakistan totaled $3.9 billion in 2019, up 5.7% ($213 million) from 2018, and up 24.0% from 2009.
- The top import categories (2-digit HS) in 2019 were: miscellaneous textile articles ($1.3 billion), knit apparel ($880 million), woven apparel ($607 million), cotton ($161 million), and leather products ($140 million).
- U.S. total imports of agricultural products from Pakistan totaled $125 million in 2019. Leading categories include: rice ($38 million), sugars, sweeteners, beverage bases ($29 million), spices ($18 million), snack foods ($8 million), and processed fruit & vegetables ($7 million).
Trade Balance
- The U.S. goods trade deficit with Pakistan was $1.3 billion in 2019, a 48.6% increase ($417 million) over 2018.
Investment
- U.S. foreign direct investment (FDI) in Pakistan (stock) was $256 million in 2019, a 73.0% increase from 2018. There is no information on the distribution of U.S. FDI in Pakistan.
- Pakistan's FDI in the United States (stock) was $154 million in 2019, down 7.8% from 2018. There is no information on the distribution of Pakistan FDI in the U.S.
NOTE: No services trade data with Pakistan are available.
|
U.S. Goods Trade with Pakistan (in billions of dollars) |
|||||||
|
|
2009 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Total |
4.8 |
5.2 |
5.5 |
5.6 |
6.4 |
6.6 |
6.6 |
|
Exports |
1.6 |
1.5 |
1.8 |
2.1 |
2.8 |
2.9 |
2.6 |
|
Imports |
3.2 |
3.7 |
3.7 |
3.4 |
3.6 |
3.7 |
3.9 |
|
Balance |
-1.5 |
-2.2 |
-1.9 |
-1.3 |
-0.8 |
-0.9 |
-1.3 |
|
U.S. Agricultural Trade with Pakistan (in billions of dollars) |
|||||||
|
|
2009 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Total |
0.4 |
0.4 |
0.6 |
0.7 |
1.1 |
1.6 |
1.3 |
|
Exports |
0.3 |
0.3 |
0.4 |
0.6 |
1.0 |
1.4 |
1.2 |
|
Imports |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Balance |
0.2 |
0.1 |
0.3 |
0.5 |
0.9 |
1.3 |
1.1 |
|
U.S. Manufacturing Trade with Pakistan (in billions of dollars) |
|||||||
|
|
2009 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Total |
4.3 |
4.6 |
4.9 |
4.6 |
5.0 |
4.7 |
4.8 |
|
Exports |
1.2 |
1.0 |
1.3 |
1.3 |
1.5 |
1.1 |
1.0 |
|
Imports |
3.1 |
3.6 |
3.6 |
3.3 |
3.5 |
3.6 |
3.8 |
|
Balance |
-1.9 |
-2.6 |
-2.3 |
-2.0 |
-2.0 |
-2.5 |
-2.8 |
Last updated:October 2, 2020
