{
  "id": 27176,
  "title": "Imports from US surge to $3.2bn in FY26",
  "url": "https://urgent.news/2026/08/02/imports-from-us-surge-to-3-2bn-in-fy26",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-02T02:48:22.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2020063/imports-from-us-surge-to-32bn-in-fy26"
  },
  "original_language": "en",
  "account": "Pakistan’s merchandise exports to North America experienced a modest growth of 1.32 percent in FY26, reaching $6.503 billion from $6.418 billion the previous year, according to the State Bank of Pakistan. Conversely, imports from the region surged by 6.52 percent to $3.822 billion from $3.588 billion. In response to this trade shift, Pakistan is set to import additional goods from the US to mitigate its trade deficit. Consequently, imports from the US and the region as a whole experienced significant growth, while exports to Canada decreased. The surge in imports can be attributed to policy changes under US President Donald Trump, who implemented additional tariffs while extending limited relief through a reciprocal arrangement. Under this agreement, Pakistan is anticipated to increase imports of oil and other commodities from the US to address the bilateral trade gap. The US remained the primary market for Pakistan’s exports to North America, accounting for nearly 94 percent of total exports, with Canada and other countries comprising the remaining share. In FY25, Pakistan’s merchandise exports to North America grew by 9.97 percent to $6.415 billion, driven by increased textile and clothing shipments to the US, according to SBP data. Within the region, exports to the US rose by 1.55 percent to $6.125 billion in FY26 from $6.031 billion in the prior year. Notably, exports to Canada contracted by 2.30 percent to $377.455 million in FY26 from $386.347 million in the previous year. Imports from the US soared by 38.93 percent to $3.265 billion in FY26, compared to $2.350 billion in the preceding year. Pakistan's exports to Latin America declined by 8.32 percent to $66.98 million in FY26, while Central America saw a 2.11 percent decrease to 165.86 million. Mexico, the main export destination, experienced a 6.25 percent drop to $122.03 million in FY26, down from $130.17 million. Exports to South America, including Argentina, Brazil, and Uruguay, rose by 15 percent to $402.39 million in FY26 from $349.88 million in FY25.",
  "summary": "ISLAMABAD: Pakistan’s merchandise exports to North America grew 1.32 per cent to $6.503 billion in FY26 from $6.418bn the last year. Imports from the region, however, rose 6.52pc to $3.822bn from $3.588bn. Under the new agreement, Pakistan will import additional goods from the US to balance the trade deficit. As a result of this agreement, imports from the region, especially the US, grew sharply…",
  "key_points": [
    "Pakistan's imports from US rise 6.52% to $3.822 billion in FY26",
    "US tariffs and trade policies drive import surge",
    "US remains top market for Pakistan's North American exports"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}