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Economy, Foreign Trade

Persian Gulf States, raw cotton, cotton yarn, rugs, transport equipment

The foreign trade of Pakistan consists largely of the export of raw materials and basic products such as cotton yarn and the import of manufactured products. In 2000 exports earned $9.2 billion and imports cost $11 billion. The chief exports were cotton textiles, cotton yarn and thread, clothing, raw cotton, rice, carpets and rugs, leather, fish, and petroleum products; the main imports were machinery, electrical equipment, petroleum products, transportation equipment, metal and metal products, fertilizer, and foodstuffs.

The United States is the largest trading partner of Pakistan. The United States is also one of the largest contributors of direct foreign investment in Pakistan. In 2000 Pakistan imported more than $646.5 million worth of U.S. products, mostly wheat, chemicals, fertilizers, machinery, and transport equipment. Pakistanís exports to the United States amounted to $2.12 billion. Pakistanís other trading partners are Japan, the United Kingdom, South Korea, Saudi Arabia, China, Germany, Hong Kong, France, the Persian Gulf States, and Iran.

Article key phrases:

Persian Gulf States, raw cotton, cotton yarn, rugs, transport equipment, metal products, carpets, trading partners, petroleum products, rice, transportation equipment, wheat, South Korea, Saudi Arabia, fertilizers, electrical equipment, clothing, leather, Japan, Hong Kong, France, Germany, China, chemicals, machinery, thread, United States, United Kingdom, products


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