Afghanistan Global Trade Affected After The Unfortunate Takeover By Taliban

 In August 2021, in a matter of weeks, the Taliban seized control over Afghanistan, causing the democratically-elected government to collapse and a mass exodus of citizens and expatriates.

The Taliban, after the absence of 20 years, had taken control of Afghanistan.

From the look of it, Afghanistan’s formal economy is likely to crash. This would mean a humanitarian crisis, a refugee crisis, and political instability which is far worse than we are already seeing.

The key reason being that Afghanistan’s economy is heavily dependent on foreign trade. And there is no alternative that will make up for the sheer volume of funding that foreign countries have been providing for the last twenty years.

Afghanistan is staring right at a liquidity crisis. Around 80% of the Afghan government budget was funded by the United States and other foreign institutions.

40% of the country’s GDP which is 42.9% to be precise, came from foreign aid. Importantly, 4% of Afghanistan’s GDP comes from remittances, that’s money from overseas workers that get sent back home.

That’s one of the highest rates in the world and those remittances have not been able to reach Afghan people in the country who needs it.

EFFECTS OF TRADE UNDER THE CONTROL OF TALIBAN

This is no secret that trading is one of the most profitable businesses on the globe. We are trading internationally over the globe in the foreign market with various kinds of commodities.

Unfortunately, the trades have been affected in recent days in Afghanistan because of the Taliban. Afghanistan is under the risk factor by the control of the Taliban terrorist.

With the information available, it is stated that the incident will impact the whole world in a higher manner.

The business of import and export is widely affected by the interference of the Taliban terrorists.

After coming into power, the Taliban has started to implement their own rules & regulations, and terms & conditions causing instability in the global trades resulting in low level of import-export business. Therefore, the trade in this country is now declining.

However, many foreign countries depend on their importing products like spices, and dry fruits. Before the Taliban came into power, Afghanistan used to trade over millions of dollars, which is now lost.

Now the trade is derived by the new terms & conditions forced and implemented by Taliban Terrorists. This is so that the Taliban can apply additional charges for the import-export of the stocks.

With the increase in the interference of the Taliban, in the import-export business, many foreign institutions have canceled their tie-ups with Afghanistan.

ITEMS TRADING IN AFGHANISTAN

Export data of Afghanistan shows that they were trading in several goods over the globe, in the international market with different foreign institutions.

The top ten exports of Afghanistan according to its export data include Rugs and carpets with total coverage of around 45% of export. Dry fruits cover 31% of exports, and the rest 12% of coverage goes to drugs and medicinal plants for medical purposes.

 The import data of Afghanistan stated that the country stays dependent on the global trade for commodities such as apparatus, natural gas & petroleum, machinery, and other equipment, articles & metals, and other food products.

The current trade balance of Afghanistan according to the available data is around 6.36 billion USD deficit.

Both the trading of imports and exports after the collapse of Afghanistan are affected globally.

AFGHANISTAN TRADING PARTNERS

As per the list of the trade statistics 2021, the main global trade partners of Afghanistan include India, Iraq, Russia, Turkey, Iran, and Pakistan. At present, Turkey is taking over Afghanistan Airports for security measures.

Therefore it is difficult to even guess which of the countries will abandon or protect Afghanistan when the time comes.

CHALLENGES PEOPLE OF AFGHANISTAN ARE FACING WITH UNSATISFACTORY GLOBAL TRADE

The Taliban has closed all the possible portals that would bring opportunities for trading. Because of which demand for products used for daily life purposes is increasing in Afghanistan.

It is quite difficult and near to impossible for the people of Afghanistan to manufacture all the goods and products on their own in their country.

The lives of people in this country are in danger and require immediate action and help from world power.

CONCLUSION

In the above article, we have summarised the events taking place in the country of Afghanistan and how it is affecting the global trade of import and export.

 For any assistance regarding the Import-export business, you can connect with us @Info@eximtradedata.com as we provide up-to-date and highly researched import-export data based on the current market flow.

 

Pakistan Import-Export Data and Its Trade Statistics

 Pakistan is a country situated in South Asia officially known as the Islamic Republic of Pakistan. Pakistan is the 5th most populous country and ranked among some of the emerging and growth-leading economies in the world.

The value of all goods and some other market services received from the rest of the countries in the world is represented by the imports of goods and services.

They consist of the value of insurance, freight, travel, merchandise, license fees, royalties, transport, and some other services such as government services, communication, information, financial, personal, business, construction.

They exclude factor services such as investment and employee income, and transfer payments.

Exim import data contains all the important and crucial information on global as well as Pakistan shipment covering all the necessary fields such as the location it originated from to the port’s name and address it is going to ship, product’s description along with the date the shipment had originated on, when and where the shipment is going to arrive and in what quantity, etc. We not only provide data at the global level, but we also provide Data For Pakistan Exporters.

Pakistan Import Data Year-Wise

➢ In the year 2017, Pakistan’s exports were $53.59 billion, an increase of 19% compared to the year 2016.

➢ In the year 2018, Pakistan’s exports were $56.53 billion, a decline of 17.82% compared to the year 2017.

➢ In the year 2019, Pakistan’s exports were $56.53 billion, a decline of  10.46% compared to the year 2018.

➢ In the year 2020, Pakistan’s exports were $43.86 billion, a decline of 22.42% compared to the year 2019.

Pakistan Export Data year-wise;

➢ In the year 2017, Pakistan’s exports were $25.15 billion, a decline of 1.32% compared to the year 2016.

➢ In the year 2018, Pakistan’s exports were $28.22 billion, an increase of 12.22% compared to the year 2017.

➢ In the year 2019, Pakistan’s exports were $28.15 billion, a decline of 0.25% compared to the year 2018.

➢ In the year 2020, Pakistan’s exports were $25.26 billion, a decline of 10.29% compared to the year 2019.

Major Import-Exports Of Pakistan As Per Pakistan Import-Export Data

❖ Pakistan’s Imports

Organic Chemicals 4.7% ($2.3 billion), Mineral Fuels & Oils 28.7% ($14.4 billion),  Iron & Steel 6.1% ($3.1 billion), Industrial Machinery & Parts 9.4% ($4.7 billion), Electronics 8.5% ($4.2 billion) and so on are some of the top Import categories of Pakistan as per Pakistan import data.

❖ Pakistan’s Exports

Cereals 9.9% ($2,375.6 million), Articles, Textile, Rags, etc 17.9% ($4,070.6 million), Clothing & Not Knitted Apparels 12.7% ($3,028.7 million), Cotton 13.6% ($3,252 billion), Clothing & Knitted Apparels 12.7% ($3,028.7 million) and such more are Pakistan’s major exports as per Pakistan export statistics.

Top Import-Export Partners of Pakistan ( Value USD %)

❖ Top Import Partner 

Indonesia (4.4%), Kuwait (2.5%), Saudi Arabia (4.9%), Qatar (4.4%), Thailand (2.1%), Japan (2.7%), United States of America (5.2%), United Arab Emirates (12.6%), China (24.8%), and other (34.1%) are some of the top import partners of Pakistan as per Pakistan Import data.l

❖ Top Export Partners 

Bangladesh (3.3%), Netherlands (4.4%), UAE (5%), Spain (4%), Germany (5.6%), Italy (3.4%), Afghanistan (5%), United Kingdom (7.1%), United States of America (17%), China (8.6%) are some of the top export partners of Pakistan as per Pakistan Export data and its trade statistics.

CONCLUSION

In order for you to run a successful business in import and export, you must have authentic and accurate data on import and export that includes all the important and essential information about companies and businesses.

EXiM trade data is one of the best, reliable, and trusted import-export trade data providers and market research companies.

EXiM import-export data help provide you with the most authentic, in-depth, and up-to-date import-export trade data strategies that help you reduce the risk and maximize the profit in the import-export business.

With our year-wise Pakistan import-export trade data, you can find new suppliers and buyers for your products and analyze the current market flow and trends in real-time.

For any query related to the import-export trade data, feel free to connect to EXiM import-export data services at info@eximtradedata.com. or visit site:https://www.eximtradedata.com

Getting To Know Import-Export Trade Statistics Of Vietnam And India With EXiM Trade Data

Market research reports and data analysis not only provide assistance to acknowledge the ongoing market trends and demands, but it also helps you fight and stay ahead of your potential competitors.

For running a successful import-export business on an international level, import-export data plays an important role for every trader.

Import-export data, market research reports, and market analysis not only provide insight into the past events but also help you to acknowledge the ups and downs, current market flow, and its recent trends.

All these analyses help you minimize the potential risks and help you form more effective and productive import-export trade statistics to maximize your profit. 

The data EXiM provides is sourced from information such as import-export bills, shipping bills, invoices, and some other import-export documents that are essential to do import-export trade business across international borders.

1. India Customs Data

As of October 2021, Indian imports have decreased to $55370 USD million in September from $56390 USD million.

Year on year non-petroleum imports have surged 42.3% which is $35,500 USD million.

As per Indian customs data & trading economics global macro models, by the end of this quarter, Indian imports are expected to reach $44200.00 USD million.

According to the market research reports performed by our experts and professionals in the field of import-export, in 2022 & 2023  Imports of India are estimated to trend around $40100.00 USD million and $43500.00 USD million respectively.

We at EXiM trade data offer useful insight into the Indian import-export market and trade business. 

The India customs data we provide contains essential details on consignments such as date, HSN Code, quantity, product description, total value USD, port name, foreign country, unit, and so on.

       2. Vietnam Import Data

As of October 2021, Vietnam imports have decreased to $26.20 USD billion in September from $26.70 USD billion.

As per Vietnam Import Data & trading economics global macro models, by the end of this quarter, Vietnam imports are expected to reach $23.40 USD billion.

The customs data on Vietnam that EXiM provides assist you to look deeper into the Vietnam import-export trade statistics on a greater level.

Our market research reports data and market analysis help you provide transparency into the global import-export market which is vital for your import-export trade business.

The customs data we offer on Vietnam is sourced and developed by our experts who have the expertise of decades in the field of import & export and trade market.

 CONCLUSION

If you are someone new in the industry of import and export and need guidance or assistance regarding import-export business, you can connect with us at  info@eximtradedata.com as we provide digitally analyzed marketing researched import-export data that help you understand the current trend and flow of the market.

EXiM trade data website provides systematic import-export trade data over 60+ countries all around the globe.

We assist the companies to analyze and study the market and its trend to help companies make the right decision at the right time minimizing all the possible risks.

We also provide in-depth authentic import-export data strategies and solutions that help you enhance, attract and target potential markets for your services and products.