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    Afghanistan

    Afghan exports to Pakistan fall by 32% in 5M24

    Afghan exports to Pakistan fall by 32% in 5M24

    Afghanistan witnessed a 32% decline in exports to Pakistan during 5M4 compared to the same period last year, the Ministry of Industry and Commerce reports. Total bilateral trade between the two nations from January to May amounted to $937mn, with Afghanistan's exports accounting for $294mn.

    Photo: Pakistan and Afghanistan
    Source: Yandex

    During this period, Afghanistan exported $91mn worth of cotton, $38mn of coal, $16mn of mung beans, and $13mn of onions, alongside various other commodities to Pakistan.

    Akhundzada Abdul Salam Jawad, the spokesperson for the Ministry of Industry and Commerce, elaborated on the trade dynamics: "From January to May 2024, Afghanistan's trade with Pakistan totalled $937mn, with exports amounting to $294mn. Key exports included cotton, coal, mung beans, onions, raisins, and tobacco. Conversely, imports primarily consisted of rice, medicine, cement, and fruit."

    Despite efforts to boost coal exports, Afghan officials noted a decline in coal shipments through the Torkham crossing, attributing it to increased export tariffs imposed by the interim Afghan government. Mohammad Yunus Mohmand from the Chamber of Commerce and Investment emphasized ongoing efforts to address these challenges: "We are actively engaging with the Ministry of Finance and Customs to explore avenues for increasing coal exports to Pakistan and other destinations."

    Photo: Trade turnover
    Source: Google Images

    Traders expressed concerns regarding the trading environment with Pakistan, stressing the importance of adherence to international trade protocols.

    Omid Haidari, a local trader, highlighted Pakistan's crucial role in regional trade: "To foster trade growth and enhance agricultural exports, including transit trade crucial for Central Asia's access to South Asian markets, Pakistan must adhere strictly to existing agreements."

    Meanwhile, trade between Afghanistan and Pakistan during 5M23 totalled $985mn, with Afghanistan's exports amounting to approximately $435mn.

     

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    26.06.2024, 09:32   Comments (0)   1607
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