ISLAMABAD (Rizwan Abbasi): Pakistan’s trade relations with the United States have recorded a huge trade surplus in favor of Pakistan for the fourth consecutive year.
According to the sources, Pakistan’s overall trade surplus in the last four years has reached $14.44 billion, which is an important economic indicator for a major trading partner like the US.
The US is Pakistan’s largest export market, and the trade balance between the two countries has been in favor of Pakistan.
According to the four-year trade review, in the fiscal year 2021-22, Pakistan’s exports to the United States were $6.83 billion, while imports were $3.76 billion, recording a trade surplus of $3.77 billion.
In the fiscal year 2022-23, exports were $5.285 billion and imports were $2.33 billion, resulting in a trade surplus of $3.25 billion.
In the fiscal year 2023-24, Pakistan’s exports were $5.29 billion and imports were $1.26 billion, resulting in a surplus of $4.22 billion.
According to the report, during the fiscal year 2024-25, Pakistan’s exports to the US were $5.84 billion while imports were $1.744 billion, resulting in a trade surplus of $4.9 billion.
In total, Pakistan exported $23.24 billion to the US, while imports were $8.8 billion.
Trade experts say that this surplus is the result of the performance of the Pakistani export sector, demand for Pakistani products in the US market, and import control policies.
It should be noted that Pakistan’s textiles, sports goods, leather products, IT services, and agricultural commodities are particularly popular in the US, while imports mostly include industrial machinery, chemicals, and food products.
Experts said that if the government remained successful in continuing this trend, Pakistan’s foreign exchange reserves may further stabilize in the future.
