Pakistan-Afghanistan bilateral trade regressing
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During the first two months of fiscal year FY24, the trade relationship between Pakistan and Afghanistan saw an 11 percent decrease, going from $264.40 million to $234.48 million.
Specifically, Pakistan's exports to Afghanistan in July-August 2023-24 amounted to $135.52 million, a 1 percent decrease from the previous year's $136.97 million. Similarly, Pakistan's imports from Afghanistan dropped to $98.96 million from $127.43 million in July-August 2022-23, marking a 22 percent decline.
In August 2023, the overall bilateral trade increased by 35 percent compared to July 2023 but decreased by 11 percent compared to August 2022, with Pakistan exporting $76.40 million worth of goods to Afghanistan and importing $58.90 million worth of goods from Afghanistan, reflecting a 44 percent increase from July 2023 but a 22 percent decrease from the same month the previous year when imports were $75.42 million.
