It's GDP is $20.12 billion. Afghan Minister confirms signing of trade agreement with Pakistan 26-Mar-2008 Trading Markets The Afghan Minister for Trade and Commerce has said that his country has signed a bilateral trade agreement with Pakistan. 183 for the same month last year. The second lists top trade partners of Afghanistan regarding import total (buying). Updated 27 October 2022 | Dataset date: January 01, 1960-December 31, 2021 . U.S. goods imports from Afghanistan totaled $39 million in 2019, up 35.8% ($10 million) from 2018, but down 66.6% from 2009. As per the Director General of Indian Export Organization (FIEO), India is among the biggest trade partners of Afghanistan, and it has exported commodities worth USD 835 million in 2021. Leading domestic export categories include: poultry meat & products (ex. COMTRADE documented the imports from Pakistan to be US$1.2B in the year 2016. Iran is the main supplier of goods in Afghanistan, followed by China, Pakistan and Kazakhstan. There was an astronomical decline in the gross domestic product (GDP) of the country in the last two decades of the 20 th century. Agriculture remains Afghanistan's most important source of employment: 60-80% of Afghanistan's population works in this sector, although it accounts for less than a third of GDP due to insufficient irrigation, drought, insufficient market access, insecurity, and other structural impediments. According to the United Nations COMTRADE database, imports from Iran cost about US$1.27B in the past year. Following the events of August 2021, the Australian Government established an Interim Mission on Afghanistan (IMA) in Doha, Qatar. All maps, graphics, flags, photos and original descriptions 2022 worldatlas.com, The Biggest Import Partners Of Afghanistan, Top 5 Import Partners Of The United States. Dry fruits are majorly imported by India from Afghanistan. All the while, Beijing was fostering stronger trade. Iran exports the following products to Afghanistan: fruits and their products, seeds from soil, nuts, mineral fuels, oils, distillation products, machinery, nuclear reactors, boilers, iron and steel, stone, plaster, cement, asbestos, mica or similar materials, optical, photo, technical, medical apparatus, cocoa and cocoa preparations, and fertilizers among many other products. The countrys most imported products include wheat flour, ornamental parts, non-edible fats and oils, and petroleum gas. The countries are selected from various regions to capture the varying impact of the exchange rate on the level and degree of export from Afghanistan. Afghanistan is a unitary presidential republic with a population of 38.9 million as of 2020. The Fund focuses on development projects, infrastructure and reforms which can further help in the growth of the Afghan economy, strengthening the private sector and creating more jobs. Market Value: 445 (millions) Last Updated: June, 2019, Market Value: 992 (millions) Last Updated: June, 2019. At Global Database we have 34 industries covered in our companies database. Top imports were textile mills products and processed foods which each made up $2 million. For select countries, the HDX Team and trusted partners evaluate datasets available on HDX and add those meeting the definition of a core data category to the Data Grid Completeness board above. 3. During 2020, Afghanistan had a large net trade with United States in the exports of Textiles ($5.41M), Vegetable Products ($4.01M), and Machines ($2.08M). The Post-WTO Membership Era. Afghanistan registered a merchandise trade surplus of USD 79 million with Pakistan, from July 2021 to June 2022, according to the latest report by the US monitoring agency.During this time frame, total exports to Pakistan from Afghanistan were worth USD 796.4 million, compared to USD 717 million in Pakistani exports to Afghanistan. This makes up for 16% of the total imports. Transportation equipment made up $137 million of the total. Iran Afghanistan Shipping, Trade and Logistics | Tehrannasim Complete Customer Focus When Going Our Way Please leave any of your specific transportation and logistics enquiries below and we will get in touch at a time convenient to you to discuss your requirements or offer a timely, great value quote on freight cargo rates. Founded in 2020, World Trade Center Kabul is a business organization and licensed member of the World Trade Centers Association (WTCA) based in New York USA. U.S. total exports of agricultural products to Afghanistan totaled $29 million in 2019. The Special Inspector General for Afghanistan Reconstruction (SIGAR) office produced a report for the US Congress in which it was observed [] In particular, the exhibition yielded benefits for the agricultural sector, which generated $46 million in new business. Afghanistan and the United States belong to a number of the same international organizations, including the United Nations, the International Monetary Fund, and the World Bank. That is, most products are imported from these countries to Afghanistan. MEMBER INFORMATION: Afghanistan and the WTO - This page gathers key information on Afghanistan's participation in the WTO. A fghanistan's Chamber of Commerce and Industries said Iran was Afghanistan's biggest trade partner in the last solar year (March 2017-18) and exported goods worth over $1.98 billion to the . Here a negative list of products and services is maintained on which the terms of FTA are not applicable. Along with the value of trade, the list also shows trade balance by each who trade with Afghanistan, the values are shown in the form of USD million. Buying and selling are essential for any country to develop its economy and maintain good relations with other nations. Afghanistan is currently our 105th largest goods trading partner with $797 million in total (two way) goods trade during 2019. India is one of the largest trading partners of Afghanistan. The 2019 "Passage to Prosperity: India - Afghanistan International Trade and Investment Show," supported by the U.S. Agency for International Development (USAID), saw Afghan firms sign deals and pre-contract agreements valued at over $55 million. Amongst European countries the UK is the main trading partner with Afghanistan after Germany who has the lion share when it comes to exporting goods. During 2020, United States had a large net trade with Afghanistan in the exports of Transportation ($263M), Machines ($176M), and Instruments ($56M). According to the Department of Commerce, U.S. exports of goods to Afghanistan supported an estimated 2 thousand jobs in 2015 (latest data available). Department of Commerce). While sugar, petroleum products, wheat and rice are the top exports to Afghanistan, Pakistan imports grapes, apples, coal and cotton from Afghanistan. UK and Afghanistan Trade. Your IP: U.S. goods exports to Afghanistan in 2019 were $758 million, down 38.3% ($470 million) from 2018 and down 49.8% from 2009. In the meantime, China provided Afghanistan millions of dollars in aid for medical assistance, hospitals, a solar power station and more. That is, most products are imported from these countries to Afghanistan. Preferential Trade Agreement: In this, two or more partners give preferential right of entry to certain products. Afghanistan registered a trade surplus of $79 million with Pakistan, one of its largest trading partners, from July 2021 to June 2022. https://rb.gy/7gd5nb 04 Nov 2022 07:08:42 Among the topics that will take centre stage in the meetings are the situation in Afghanistan and counterterrorism. No data on Afghanistan's FDI in the U.S. are available. Afghanistan usually trades with its neighbours, with Pakistan being its major trade partner. World Bank Group 500+ Downloads . California exported $8 million to Afghanistan in 2021. Cloudflare Ray ID: 766741ce6e170bae You can email the site owner to let them know you were blocked. The action you just performed triggered the security solution. Afghanistan and Iran are Important trading partners of Pakistan, and to transform excellent diplomatic and trade relations with the two countries government of Pakistan has allowed import and . The Union Cabinet on Friday paved the way for the formal entry of Afghanistan into the South Asian Free Trade Area (SAFTA). However, from 2016 onwards, Iran has taken over as the country's key trading partner. Afghanistan is a landlocked country with much of its land covered by the Hindu Kush mountain range which experience harsh winters and deserts in the south that experience hot summers. WELCOME TO CSS TIMES DAY BY DAY CURRENT AFFAIRS, YOUR BEST SOURCE FOR UP-TO-DATE AND DAILY TOP CURRENT AFFAIRS 2022 FOR PREPARATION OF CSS, PMS, BANKING, NTS, RAILWAYS AND ALL COMPETITIVE EXAMS. The U.S. imported a total of $22 million from Afghanistan in 2021. Afghanistan is a unitary presidential republic with a population of 38.9 million as of 2020. The ETID's main focus is to advocate for policy issues important to the Government of Afghanistan before U.S. Government institutions, nongovernmental organizations, the private sector in the U.S., as well as multilateral institutions located in Washington. Afghanistan was the United States' 85th largest goods export market in 2019. This amounted to US$621.62M in the year 2016. Others include: Iran, China, India, Japan and Turkey. Country Afghanistan Year/Range 2019 Trade Flow Exports & Imports Transportation equipment made up $137 million of the total. Most Afghan farmers are primarily subsistence farmers. Since 2012 the volume of imports has gone down suggesting that Afghanistan has become self-sufficient. According to trading economics, exports in Afghanistan increased to 831. . Afghanistan has been a member of the WTO since 29 July 2016. . WTC Kabul is a service hub where people meet, discuss ideas, forge connections, and it is the prestigious address for local and international business. Afghanistan is an economically downtrodden country that relies highly on farming and livestock. Afghanistan is a significant trading partner of Pakistan; however, the trade volumes between the two have been on a decline since 2011. Leading categories include: processed fruit & vegetables ($4 million), spices ($504 thousand), tree nuts ($236 thousand), snack foods ($32 thousand), and tea, including herbal ($26 thousand). In the case of imports, India is the 8 th largest import trading partner of Afghanistan. It had ranked No. Other exports include carpets, fresh fruit, wool, and cotton. WASHINGTON: Afghanistan registered a trade surplus of $79 million with Pakistan, one of its largest trading partners, from July 2021 to June 2022, according to the latest report by an official US monitoring agency, known as SIGAR. The top export categories (2-digit HS) in 2019 were: aircraft ($167 million), electrical machinery ($149 million), vehicles ($125 million), machinery ($74 million), and arms and ammunition ($56 million). Afghanistan is currently our 105th largest goods trading partner with $797 million in total (two way) goods trade during 2019. Kazakhstan accounted for 9.5% of Afghanistans imports. New Delhi, India - The 2019 "Passage to Prosperity: India - Afghanistan International Trade and Investment Show," supported by the U.S. Agency for International Development (USAID), saw . "Afghanistan registered a merchandise trade surplus of USD 79 . Though an agreement was signed in 2010 to strengthen trade relations and facilitate Afghan transit trade through Pakistan, implementation has been mixed, with many on both sides of the border complaining of continued barriers to exchange. (Source: IMF). The World Bank. Afghanistan and India are set to hold a joint trade and investment show in the Indian capital of New Delhi next week, as India seeks to step up its partnership with Afghanistan as a major i This is about US$264.86M. Despite growing political tensions, Pakistan had remained Afghanistan's largest trading partner until 2015. In 2013, the UK exported services worth 600 million to Afghanistan. Afghanistan trade flows. The all-time high exports in Afghanistan is achieved in the post-WTO membership accession era. This represents 18% of the total imports. Unknown to many, Afghanistan has a pretty big trade economy. Currently, Afghanistan is the 93rd largest trading partner with the U.S. India signed a PTA with Afghanistan. The first table below shows top trading partners of Afghanistan in terms of export sales (selling), including Pakistan, India, and Russia. Top trading partners (import sources) of Afghanistan in 2019: Iran with a share of 14.5% (1.24 billion US$) China with a share of 13.9% (1.19 billion US$) Pakistan with a share of 12.8% (1.1 billion US$) USA with a share of 9.14% (783 million US$) Turkmenistan with a share of 8.05% (690 million US$) This website is using a security service to protect itself from online attacks. Afghanistan phone and email leads across all verticals will be immediately at your fingertips when you buy business data from us, no matter which niche you are targeting. Afghanistan - Trade. The latest India export data shows India shipped goods worth USD 538 million to Afghanistan during Jan-Jun 2021. Afghanistan also is a Partner for Cooperation with the Organization for Security and Co-operation in Europe and joined the World Trade Organization in 2016. "Afghanistan registered a merchandise trade surplus of USD 79 million with neighboring Pakistan, one of Afghanistan's largest trading partners, from July 2021 to June 2022, according to the most recent trade data collected by the World Bank," said Special Inspector General for Afghanistan Reconstruction (SIGAR). This is done by reducing duties on an agreed number of tariff lines. From July 2021 to June 2022, Afghanistan had a $79 million trade surplus with Pakistan, one of its main trading partners, according to the most recent report by SIGAR, an official US monitoring organisation. One can imagine China being emboldened by, in their. Pakistan is the second largest exporter to Afghanistan. Increasing trade, investment, and economic cooperation among countries in Central Asia and South Asia is critical for regional economic development, stability, and security. Most of the foreign trade of Afghanistan is controlled by the government or by government-controlled monopolies. Iraq provided the highest trade balance of 26.359775 USD Million. However trade volumes between Afghanistan and Pakistan for 2016 dropped by $1.2 billion USD. The change in exports was -25.42 percent and the change in imports was -6.38 percent. The contributing factors included disruption in trade and transport, and loss of capital and labor. Afghanistan's main trading partners are its neighbors, and China is one of its largest trading partners. Activity Areas. The region includes, and is surrounded by, countries of various degrees of transit and transport efficiency and risk. (In USD Millions) - Source: trade.gov Trade Statistics The United States exported $236 million to Afghanistan in 2021, down from $671 million in 2020. Although most of the project resources . Afghanistan and the coronavirus Total population of Afghanistan 32.2m Life expectancy in Afghanistan 65.17yr Afghanistan: Population growth (compared to previous year) 2.3% Population Total. These positive cashflow streams clearly indicate Pakistan's competitive . Afghanistans imports come from their closest neighbors. NOTE: No services trade data with Afghanistan are available. "DAY TO DAY CURRENT AFFAIRS" BASICALLY IS TOP 10 NEWS SUMMARY ON CURRENT HAPPENINGS OF NATIONAL AND INTERNATIONAL IMPORTANCE FOR ALL EXAMINATIONS November 03, 2022: National / International Current . Agricultural Trade with Afghanistan (in millions of dollars), U.S. Manufacturing Trade with Afghanistan (in millions of dollars), Text your zip code to 438829 (GETVAX) in English or 822862 (VACUNA) in Spanish. 5.4% of Afghanistan's total imports come from Turkmenistan. The U.S. goods trade surplus with Afghanistan was $719 million in 2019. The Biggest Import Partners Of Afghanistan Afghanistan imported US $3.77B worth of goods in 2016. Afghanistan Industry Database. Washington spent an estimated $8.6bn between 2002 and 2017 to throttle Afghanistan's drug trade in order to deny the Taliban funds, according to a 2018 SIGAR report. As part of the trade corridor with Central Asia, Afghanistan exports to Iran increased to over 40 million USD in 2013 (mostly in form of agricultural products), but then declined to below 20 million USD in 2019. Jaishankar will meet with his counterpart Sergey Lavrov and the Russian trade . Main imports are: petroleum; machinery and equipment and food items. Apart from poppy. November 11, 2021 China's Global Network of . Malaysia accounts for 4% of Afghanistans total imports. Afghanistan trade relationship with global countries based on partial data Track top trading partner countries of Afghanistan, These findings are based on global export import shipment database of Volza, it is the most up-to-date but partial information available on Afghanistan 's export import trade. Afghanistan and Iran are major trading partners since they share an extensive border region. In 2021,. Posting First Rise Since 2014, U.S. Exports to Arab World Grow 4 PErcent to $62.64 Billion in 2019 National U.S.-Arab Chamber of Commerce, February 2020, Advocacy California Chamber of Commerce, Global Contacts, Organizations and Associations, Posting First Rise Since 2014, U.S. Exports to Arab World Grow 4 PErcent to $62.64 Billion in 2019, U.S. Goods Exports to Arab Countries 2018 vs. 2019, California Foundation for Commerce and Education. .India and Afghanistan bilateral trade stood at USD 1.4 billion in 2020-21 as against USD 1.52 billion in 2019-20. Both nations need to improve trade facilitation through streamlined payments . Click to reveal 2. The block in cargo movement to Pakistan is the reason for this halt, however, the trade routes through Dubai and international north-south corridor among the . This was followed by computer and electronic products at $21 million and non-electrical machinery at $13 million. U.S. Goods Trade with Afghanistan (in millions of dollars), U.S. Over 99.14% of Afghanistan exports in 2018 were provided to the above 15 trade partners. Top exports were agricultural products which totaled $3 million, followed by computer and electronic products, chemicals, processed foods, and transportation equipment which each totaled around $1 million.(U.S. The second lists top trade partners of Afghanistan regarding import total (buying). Our intelligence covers a diverse array of fields including: Finance. Compare Balance of Trade by Country In 2017, bilateral trade crossed the $1 billion mark . Before starting any export related. The United States exported $236 million to Afghanistan in 2021, down from $671 million in 2020. These numbers highlight the importance of trade with India for Afghanistan. These products include animal/vegetable fats and oils, cleavage products, mineral fuels, oils, distillation products, and different types of fabric among many others. U.S. total imports of agricultural products from Afghanistan totaled $5 million in 2019. WTO members/observers use the TBT and SPS Committees to discuss specific trade concerns (STCs). Afghanistan's trade balance of goods 2021 Published by Aaron O'Neill , Oct 20, 2022 This statistic shows the trade balance of goods of Afghanistan from 2011 to 2021. Iranian exports to Afghanistan, mostly in . U.S. foreign direct investment into Afghanistan totaled $17 million in 2020 (Bureau of Economic Analysis). Afghanistan Runs Trade Surplus with Pakistan says US. Imports from this country include mineral fuels, oils, distillation products, milling products, malt, starches, inlin, wheat gluten, fertilizers, optical, photo, technical, medical apparatus, dairy products, eggs, and animal oils and fats among many others. In 2019, China was the fifth-largest export destination for Afghan goods, after the United Arab Emirates (UAE), Pakistan, India, and the US. Washington November 3 2022: Afghanistan registered a merchandise trade surplus of $79 million with neighboring Pakistan, one of Afghanistan's largest trading partners, from July 2021 to June 2022, according to the most recent trade data collected by the World Bank submitted to US Congress. Afghanistan imports food, motor vehicles, petroleum products, and textiles. The first table below shows top trading partners of Afghanistan in terms of export sales (selling), including Pakistan, India, and Russia. Some of the products that Malaysia exports to Afghanistan are already supplied by the other countries in larger quantities. Pakistan and Afghanistan are among each other's largest trading partners. As per World Bank's data, exports to India constituted 47% of the total exports of Afghanistan in 2019, making India the largest export partner of Afghanistan. In 2021, California imported $5 million worth of products from Afghanistan. 188 among U.S. trade partners in August. Goods exports totaled $758 million; goods imports totaled $39 million. The Economic, Trade and Investment Department (ETID) of the Embassy promotes economic and private sector development in Afghanistan. Khyber Afghan Airlines (cargo airliner) Spinzar Cotton Company (cotton) Watan Group (oil, mining and telecom conglomerate) In macroeconomic terms, Afghanistan's total exported goods represent 1.8% of its overall Gross Domestic Product for 2021 ($80.9 billion valued in Purchasing Power Parity US dollars). Statistics by the ACCI shows that Iran's trade value with Afghanistan for 2016 was $1.8 billion USD. Afghan's traditional exports are dried fruits, nuts, carpets, wool, and karakul pelts, and imports include vehicles, petroleum products, sugar, textiles, processed animal and vegetable oils, and tea. There is no information on the distribution of Afghanistan FDI in the U.S. The country experienced a negative trade balance for the year 2016 where they spent US $482M on exports and imported US $3.77B making the country one of the top 100 biggest importers. The IMA manages Australia's interests in Afghanistan and works with international partners, many of which have established missions on Afghanistan in Qatar, to influence the Taliban. Pakistan, along with India, receive around 75% of Afghan exports, followed by the United Arab Emirates, China and Turkey. Afghanistan does not have any Trade Partner data. Afghanistans main trading partners are: Pakistan (48 percent of total exports and 14 percent of imports) and Russia (9 percent of exports and 13 percent of imports). This is often about draft laws, regulations or procedures that . Traded Goods [1] (at the 2-digit HS Code level) Top 10 Export Goods Top 10 Export Goods data is not available for Afghanistan Top 10 Import Goods Top 10 Import Goods data is not available for Afghanistan Sources: UN Comtrade (2019) except where stated otherwise. In May of 2016, Afghanistan, Iraq and India signed the Chabahar port agreement. As part of the network of 320+ World . Imports consisted of textile mills products at $8 million, processed foods at $6 million, and miscellaneous manufactured goods at $2 million. This cost about US$355.4M in 2016. Accessed: 1/21/2022 Which Countries Have Made the Most Progress Towards the SDGs? U.S. foreign direct investment (FDI) in Afghanistan (stock) was $18 million in 2019, unchanged from 2018. Afghanistan registered trade surplus with Pakistan: report Anwar Iqbal Published November 3, 2022 Updated about 23 hours ago 19LISTEN TO ARTICLE1x1.2x1.5x WASHINGTON: Afghanistan registered a trade surplus of $79 million with Pakistan, one of its largest trading partners, from July 2021 to June 2022, according to the latest report by an official US monitoring agency, known as SIGAR. 5.44.98.32 Afghanistan Chamber of Commerce and Industries (ACCI) on Sunday said Iran retained its position as the country's largest trade partner for 2016. Unknown to many, Afghanistan has a pretty big trade economy. In 2016, the U.S. exported goods to Afghanistan totalling 913 million USD, while the total imported goods from Afghanistan was 34 million USD. Listed in the order of the amount of imports, here are Afghanistans import partners: Iran is Afghanistans largest import partner making up for 19% of its imports. There is no information on the distribution of U.S. FDI in Afghanistan. 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