Related Keywords: annual trade balance, enjoys substantial trade surplus, exports comprise textile made-ups with shipments of home textile, in favour of Pakistan, market access in agenda of bilateral engagements, Pakistans biggest export destination, United Stated, US biggest donor, US Generalised System of Preferences, US tariff system unfair
The United States is Pakistan’s biggest export destination, during the last three years, the annual trade balance has been around $2 billion in favour of Pakistan and one of the few countries where Pakistan enjoys a substantial trade surplus.
Pakistan’s exports predominantly comprise textile made-ups with shipments of home textile standing at more than $1 billion and accounting for about 10% market share in the total US global imports of $13 billion. In 2014, Pakistan exported goods worth $3.6 billion and imported $1.5 billion of goods from the US.
