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Afghanistan’s exports to India total almost $200 million in past 9 months

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(Last Updated On: January 31, 2023)

The Ministry of Industry and Commerce (MoIC) says over the past nine months, Afghanistan has exported goods to India worth $159 million, most of which was asafetida, saffron and pistachio nuts.

The MoIC officials said Tuesday they would try to expand economic relations between Kabul and New Delhi because India can become one of Afghanistan’s major economic partners.

“In the last nine months, our exports to India totalled $159 million,” said Abdul Salam Akhundzada, a spokesman for the MoIC.

According to MoIC’s officials, Afghanistan has imported goods worth $291 million from India in nine months, and the total trade volume is $450 million.

“The important goods we exported were pistachio, cumin, raisins, saffron and asafetida seeds, and we imported sugar, medical spices and various clothes from India,” said Akhundzada.

“And our imports from India totals $291 million.”

However, the Afghanistan Chamber of Commerce and Investment (ACCI) has said that there are currently problems with the export and import of goods from India but once these problems are solved, the trade volume will amount to $1 billion.

Meanwhile, the commodities are being transported from Afghanistan to India and vice versa via the air corridor, Wagah port in Pakistan and Bandar Abbas in Iran.

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Acting commerce minister meets Russian deputy PM

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(Last Updated On: May 17, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.

Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.

According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.

They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.

Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

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(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

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Afghanistan’s imports and exports totaled $10.3 billion last year

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(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

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