KARACHI: Pakistan’s merchandise exports to North America increased by 4.65% to $1.826 billion in the first quarter of FY27, compared with $1.745 billion in the same period last year.
However, imports from the region recorded a much sharper increase. They surged 60.58% to $841.31 million during July-September FY27, up from $523.91 million a year earlier, according to data compiled by the State Bank of Pakistan (SBP).
The sharp rise in imports reflects Pakistan’s efforts to reduce trade imbalances with the region under its agreement with the United States. The development also comes amid changes in US trade policies under President Donald Trump, who has imposed additional tariffs while offering Pakistan limited relief under a reciprocal trade arrangement.
Meanwhile, Pakistan’s exports to Canada also recorded an increase during the quarter.
In FY26, imports under the agreement rose by nearly 39%, while Pakistan’s exports to the US grew by only 1.55%.
The US remained Pakistan’s largest export market in North America, accounting for nearly 94% of the country’s total exports to the region. Canada and other countries accounted for the remaining share.
Pakistan’s exports to the US increased by 4.44% to $1.716 billion in the first quarter of FY27, compared with $1.643 billion in the corresponding period last year. On an annual basis, exports to the US rose 1.55% to $6.125 billion in FY26, up from $6.031 billion in FY25.
Similarly, exports to Canada grew 7.53% to $109.72 million during July-September FY27, compared with $102.03 million a year earlier. However, the annual trend remained negative. Pakistan’s exports to Canada fell 2.3% to $377.455 million in FY26 from $386.347 million in FY25.
On the import side, purchases from the US increased sharply. Pakistan’s imports from the country surged 45.44% to $659.23 million in the first quarter of FY27, compared with $453.28 million in the same period last year.
The annual figures also show a significant increase. Imports from the US climbed 38.93% to $3.265 billion in FY26 from $2.350 billion in FY25.
Under the new trade agreement, Pakistan committed to importing additional goods from the US to address trade imbalances. Consequently, imports from North America, particularly the US, recorded substantial growth during the period under review.
Beyond North America, Pakistan’s exports to Latin America also posted strong growth. They surged 118.64% to $21.58 million in the first quarter of FY27, compared with $9.87 million a year earlier. However, exports to the region declined 8.23% to $66.98 million in FY26 from $73.06 million in FY25.
Meanwhile, exports to Central America remained almost unchanged at $45.27 million during July-September FY27, compared with $44.99 million in the corresponding period last year. Mexico remained Pakistan’s main export destination in the Central American region.
