Business
Afghanistan exports up by 7% in first quarter of 2023: World Bank
Exports from Afghanistan increased by seven percent in the first quarter of 2023, the World Bank said in a new report released Tuesday.
Based on unofficial Afghanistan customs data, exports in the first quarter of 2023 reached US$ 0.5 billion, with a 7 percent growth compared to Q1-2022, the report said.
As food exports remain stable, the increase can be attributed primarily to coal (by 26 percent) and textiles by 28 percent.
During Q1-2023, Pakistan remained Afghanistan’s largest export market (accounting for 60 percent of total exports), followed by India (24 percent).
Exports to Pakistan are mainly food and coal, contributing around 72 percent of total exports in Q1–2023. Coal exports to Pakistan reached US$ 111.6 million in Q1-2023 (compared to US$ 476 million in 2022 and US$ 88 million in Q1-2022).
The report also said that during the first quarter of 2023, imports stood at $1.8 billion, reflecting 32 percent growth.
The trade deficit reached $1.3 billion in the first quarter of 2023, a 45 percent growth. However, the UN cash shipments for the period (US$ 560 million) cover only less than half of the merchandise trade deficit, the report said.
The inflationary pressures eased substantially from year-on-year, with inflation recorded at 3.5 percent in February.
The Afghani currency appreciated against all currencies. Between February 4 – April 18, 2023, the Afghani currency appreciated by 5.4 percent against the US dollar.
The Islamic Emirate of Afghanistan (IEA) continues to exert strong controls on the illegal export of foreign currency, strengthening the Afghani rate. At the same time, the United Nations make US dollars available in the market through cash shipments (US$ 560 million were shipped to Afghanistan in Q1 2023 against a cumulative – US$ 1.8 billion in 2022), the report said.
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
Business
Mahirood Customs leads Iran’s exports to Afghanistan
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Mahirood Customs in South Khorasan province has become Iran’s main export gateway to Afghanistan, accounting for 36 percent of the country’s total exports to its eastern neighbor, Iranian officials said.
South Khorasan Governor Seyed Mohammadreza Hashemi told local media that Mahirood ranked first among Iran’s 71 active customs points during the first eight months of the current Iranian year.
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Official customs figures show that Iran’s total exports to Afghanistan exceeded 4.26 million tonnes in the first eight months of the year, with Mahirood handling the largest share, Hashemi said.
He attributed the strong performance to South Khorasan’s strategic location, improved border infrastructure, effective planning, close cooperation with traders, and coordinated efforts by government agencies.
Hashemi said the expansion of exports via Mahirood Customs is contributing to economic growth, job creation, and stronger economic diplomacy for the province.
He added that continued support for exporters and streamlined customs procedures could further increase South Khorasan’s share of the Afghan market and other target markets in the future.
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