Business

Afghanistan’s export volume at $1.85 billion for past 7 months

Published

2 years ago

November 8, 2022

(Last Updated On: )

The office of the first deputy prime minister, Mullah Abdullah Ghani Baradar Akhund, said on Tuesday that Afghanistan’s exports abroad exceeded $1.8 billion since the start of the current solar year – seven months ago.

According to a statement, $1.85 billion worth of goods went to Pakistan, Iran, India, Tajikistan, UAE, Uzbekistan, Kazakhstan, China, Saudi Arabia and Iraq.

The bulk of the goods went to Pakistan, India, Tajikistan and China, officials said.

According to the government statistics, nearly $744 million worth of goods have been exported to Pakistan alone in this time.

The Afghanistan-Pakistan Joint Chamber of Commerce and Industry said that the exports with Pakistan have doubled.

Last month, trade and commerce ministry spokesperson Abdul Salam Jawad said that if the export sector continues to grow, export volumes worth $2.5 billion will be reached soon.

“We are sure that if our business continues in this way, our exports will reach more than two and a half billion dollars,” he said.

According to officials, efforts are being made to get Afghan products to regional and global markets via land and air corridors.

Economic experts have meanwhile expressed hope that with the expansion of trade relations, Afghanistan will soon become self-reliant.

At the same time, the Ministry of Trade and Industry says that it is trying to expand Afghanistan’s economic relations with India.

According to officials, India is one of the countries that had extensive trade relations with Afghanistan in the past, and now they want these relations restored. Abdulsalam Jawad Akhundzada adds that Afghan goods have many buyers in the Indian markets.

According to Akhundzada, the country’s exports to India have increased by 25% compared to last year.

The Chamber of Commerce and Investment meanwhile said more than 60 tons of goods have been exported to India in the last seven months.

Related Topics:Afghanistan export featured IEA Taliban

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15 hours ago

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Ariana News

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He once again called on investors, both in the country and abroad, to help in the reconstruction and development of the country and start businesses. He also said the way has been paved for them to invest and that they should make use of the opportunities available.

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Published

2 days ago

July 25, 2024

Ariana News

(Last Updated On: )

Sugar exports from Pakistan to Afghanistan resumed this week after a four-year suspension, with over 400 vehicles crossing the Torkham border in the last four days.

According to Pakistan sources, Islamabad recently agreed to the export of 150,000 tons of sugar to Afghanistan, setting an August 15 deadline for the completion of the shipment process.

Customs clearing agents at Torkham said around 100 vehicles, each carrying 33 tons of sugar, crossed into Afghanistan four days ago and more thereafter.

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

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Chinese keen on investing in Afghanistan’s solar power sector

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

Published

4 days ago

July 23, 2024

Ariana News

(Last Updated On: )

The Ministry of Industry and Commerce says that Ahmadullah Zahid, deputy minister, met with a number of Chinese investors in his office on Tuesday.

According to a statement issued by the ministry, Ehsanullah Shahab, the head of special economic zones, was also present in this meeting, where investors from China expressed their interest in investing in solar power generation and agriculture technology sectors.

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

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