Connect with us

Featured

Pakistan’s Export Suffers Massive Decline with Afghanistan; India Wins Big Time

Published

on

Pakistan’s export to Afganistan has dwindled by 41.57%. While Afghanistan’s export in comparison with Pakistan’s export jumped to $1.4 billion in 2018-19 from $2.6 billion in 2010-11 showing how fast Pakistan is losing its one and only captive market.

Pakistan Seeks $12B Bailout Package; India Ready To Help, Conditions Apply

Pakistan ’s captive market has massively shifted to Iran and India mainly on account of the frequent closures of trade borders between Pakistan and Afghanistan and intensifying diplomatic tensions.

According to the latest trade data of Islamic Republic of Iran Customs Administration, Iran’s exports to Afghanistan have increased to $2.8 billion and out of which in first ten months the financial year of Iran the exports to Afghanistan have climbed to $2 billion as of June 20, 2019. However, “Iranian exports to Afghanistan in 2011 stood at $1.88 billion which now has risen to $2.88 billion with the increment of $1 billion in exports”, says UN COMTRADE database on international trade.

Presently Iran holds 22% share ($2.5 billion) of Afghanistan’s $11.5 billion consumer market. Pakistan’s export which once in 2010-11 stood at $2.6 billion has declined to  $1.4 billion revealing the bitter fact that Iran has taken away the Pakistan captive market to a large extent. The official said that closure of trade borders between Pakistan and Afghanistan in the wake of terror activities in Pakistan has provided the opportunity to Iran to make inroads in Afghanistan market.

At Indo-Afghanistan trade, the official said, “In 2010, the exports from India to Afghanistan stood at just $115.6 million and the trade between the two states is also growing up which currently stands at $1 billion out of which India’s exports to Afghanistan stand at $873 million showing that the export from India has increased by 65%.

However, both the countries have shown the commitment to grow the trade between them up to $2 billion by 2020. Currently, India is trading with Afghanistan through Chabahar port in Iran and two air cargo routes linking New Delhi and Mumbai to Kabul”.

The senior official at commerce ministry said: “Pakistan’s exports to Afghanistan came across a mammoth decline due to the decrease in aggregate demand as a result of the withdrawal of NATO forces from Afghanistan, increasing trust deficit, worsening law and order situation, frequent closures of the Pak-Afghan border and diversion of Afghan trade to Iran”.

Afghanistan which is a landlocked country has diversified its import regime and started importing items from other neighbouring countries reducing the import reliance on Pakistan because of the rise in trust deficit.

Recently, Prime Minister Imran Khan has directed the relevant authorities to make necessary arrangements for keeping the Torkham border crossing between Pakistan and Afghanistan operational to boost bilateral trade ties between the two countries.

According to the details, Pakistan exported the items valuing $1.271 billion to Afghanistan in 2016-17 as compared to exports of worth $2.6 billion in 2011-12. However, the bilateral trade was in 2011-12 at $2.6 billion which has now compressed to just $1.4 billion.

Interestingly, the imports from Afghanistan have grown up to $414 million which stood at $199 million in 2011-12 whereas Pakistan exports have dwindled by 41.57%.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

Sargsian-Armenia Sargsian-Armenia
Expert Reviews6 hours ago

Armenia-Azerbaijan Conflict: Why Armenia Needs To Pull-Out From Occupied-Regions Of Azerbaijan: OPED

The Armenia-Azerbaijan Upper-Karabakh conflict was sparked with the open territorial claims of Armenians to Azerbaijan's historical lands, as well as ethnic provocations in...

AMCA-DRDO AMCA-DRDO
Featured7 hours ago

Indian 5th-Gen Aircraft To Be Fast-Tracked As DRDO, French Tech Giant Safran Set To Join Hands

As India looks to build its future fifth-generation fighter within its national boundaries, the country’s Defence Research and Development Organisation...

rafale-jets rafale-jets
Europe7 hours ago

4.5 Gen Rafale Fighter Jets Find A Freakish Challenger In Ageing Italian AV-8B Harriers

With Greece set to receive its Dassault Rafale fighter jets from France, Turkey has also been beefing up its defence...

Capital-of-Israel-Jerusalem Capital-of-Israel-Jerusalem
Featured10 hours ago

How Sworn Enemies Pakistan & Israel Are Supporting Azerbaijan While Armenia Gets Russian & Indian Backing?

The tensions between Azerbaijan and Armenia are at its peak with deadly attacks that shook the Armenian-controlled Karabakh in the...

F-35-INDIA F-35-INDIA
Americas21 hours ago

Not F-35 Jets or F-22 Raptors, This Is The World’s 1st Stealth Aircraft & Still The Fastest Ever

The United States along with Russia are front-runners when it comes to devising modern technology and blending it with state-of-the-art...

INDIA-CHINA INDIA-CHINA
Asia Pacific23 hours ago

China Could Soon Deploy ‘Unmanned Helicopters’ In Ladakh As Tensions Mount With India

With the diplomatic and military talks in progress between the high ranking officials of New Delhi and Beijing, Indian and...

Capital-of-Israel-Jerusalem Capital-of-Israel-Jerusalem
Featured24 hours ago

Three Islamic Countries That May Never Recognize Israel Despite The Acceptance Of Saudi Arabia?

In the wake of the ongoing developments, when clouds of war are hovering over India and China / Pakistan, perhaps...

missile missile
Featured1 day ago

Russian & Israeli Origin Missiles Deployed In Ladakh As India Looks To Keep China At Bay

Amid heightening tensions in Eastern Ladakh with China, India has reportedly deployed BrahMos and Nirbhay cruise missiles along with Akash...

C-17-GLOBEMASTER C-17-GLOBEMASTER
Expert Reviews1 day ago

Not Rafale Jets, But C-17 Globemasters Will Be The Real ‘Game Changer’ In India-China Clash At Ladakh

With neither of the two neighbours India or China ready to put their sword down, Ladakh continues to become a...

BALOCHISTAN BALOCHISTAN
Featured1 day ago

Afghan Peace Talks: Afghanistan’s Chief Peace Negotiator Lands In Pakistan

Afghan Peace Talks: Abdullah Abdullah will meet Pakistan’s President Arif Alvi, Prime Minister Imran Khan, Foreign Minister Shah Mehmood Qureshi,...

Advertisement