Afghanistan’s trade landscape has witnessed significant shifts in recent times, with both exports and imports playing pivotal roles, with the gap between imports and exports reaching $96.5mn, the National Statistics Information Authority reports.
Trade Deficit Widens
The Taliban statistics department reports a notable increase in Afghanistan’s trade deficit. Over the period from 12/22 to 21/01, the trade gap expanded by $96.5mn, reflecting the country’s evolving economic dynamics.
Top Export Partners:
- Iran: $199.1mn (25% of total exports)
China: $143.3mn (18%)
Pakistan: $115.4mn (15%)
Top Import Sources:
Pakistan: $76.4mn (51% of total imports)
India: $49.2mn (33%)
United Arab Emirates (UAE): $5.8mn (4%)
Earlier, it was reported that there was a decrease in the trade turnover between India and Afghanistan, which was attributed to border disputes and a ten-day blockade of the Torkham port. As a result, the price of Afghan goods in the Indian market has increased. The closure has forced importers to resort to importing Afghan commodities via Dubai, resulting in elevated prices for these goods in the Indian market.
Reports of trade relations indicate that India exported goods worth $662mn to Afghanistan, and imported goods worth $414.75mn from Afghanistan in 2022. However, the trade value for 2023 was reported to be $779mn, with $579mn in exports and $200mn in imports.
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