Afghanistan’s Total Trade Achieves $12.42 Billion Milestone in 2024

HOA
By HOA
2 Min Read

The Ministry of Industry and Commerce reports that Afghanistan’s total trade in 2024 is expected to exceed $12 billion.

According to the ministry’s report, following the political changes in 2021, Afghanistan’s economy underwent significant transformations, which gradually normalized over time. Particularly, the country’s exports, crucial for the national economy, increased by more than 100%.

Previously, Afghanistan’s trade volume did not exceed $850 million annually, but after the return of the Islamic Emirate, exports surged to $2 billion. In 2024, Afghanistan’s total trade reached $12.42 billion, with exports at $1.803 billion and imports at $10.619 billion. In comparison, in 2023, Afghanistan’s exports were $1.884 billion and imports were $7.71 billion. This shows a 4% decrease in exports and a 38% increase in imports in 2024 compared to the previous year.

The trade deficit in 2024 stands at $8.816 billion, with exports making up 15% and imports 85%.

Despite challenges, the latest statistics indicate that Afghanistan’s exports are stabilizing, and the 4% decline in exports is seen as a sign of stabilization and order.

The report also highlights that, despite negative media portrayals, Afghanistan’s purchasing power has increased, and the private sector has benefited from government support regarding tariffs.

Compared to last year, exports to Pakistan and China have decreased, while exports to Turkey and India have increased. Notably, Afghanistan’s exports to its neighboring countries, including Iran, Kazakhstan, Uzbekistan, and the UAE, have doubled.

Key export products from Afghanistan include pomegranates, figs, raisins, hing, and coal. The leading import sources are Iran, the UAE, Pakistan, China, and Turkmenistan.

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