US-Pakistan Trade Agreement Boosts Petroleum Oil Exports
A new bilateral trade agreement between the United States and Pakistan has facilitated an increase in exports of petroleum oils (HS Code 2710.19) from the US to Pakistan, with a focus on biodiesel blends. Shipments rose by 15% in the last quarter.
2023-10-15
Impact: This agreement is likely to strengthen US exports of petroleum oil products to Pakistan, potentially increasing market share for US suppliers in the region.
Pakistan Increases Import Demand for US Biodiesel-Containing Petroleum Oils
Pakistan's growing energy needs have led to a surge in imports of petroleum oils containing biodiesel from the US, with trade data showing a 10% rise in volume over the past six months under HS Code 2710.19.
2023-09-22
Impact: The increased demand may encourage US exporters to prioritize Pakistan as a key market, potentially leading to long-term trade partnerships.
Supply Chain Disruptions Affect US-Pakistan Petroleum Oil Trade
Global supply chain issues have temporarily impacted the trade of petroleum oils (HS Code 2710.19) between the US and Pakistan, causing a 5% decline in export volumes from the US in the last month.
2023-08-05
Impact: Short-term trade disruptions could lead to higher costs and delays for Pakistani importers, potentially affecting energy supply chains.
