How much trade is there between India and Pakistan, what do export-imports do? – Cross Talk India
Jammu and Kashmir After the terrorist attack in Pahalgam, the tension between the two countries has increased more. India took several decisions on Wednesday, taking major action on Pakistan. This includes decisions such as prohibiting the Indus Water Agreement, prohibiting the issuance of visas to Pakistani citizens, closing the Attari-Wagah border. After this, on Thursday, Pakistan has also closed its aircraft for Indian aircraft. Apart from this, Pakistan has also stopped business. Let us now understand how much business is done between India and Pakistan.
Exports thousands of crores of goods every year
India exports more to Pakistan in trade between the two countries. We send goods worth thousands of crores to Pakistan every year. However, we buy very few goods from Pakistan. After the 2019 Pulwama attack, India has reduced buying goods from Pakistan considerably. In this way, imports from Pakistan are not equal. On the other hand, India’s export to Pakistan increased by 300 percent by 2024 as compared to 2020.
Business was at record level in 2018
In 2024, trade between India and Pakistan was the highest in 5 years. In 2024, trade between the two countries was more than $ 1.21 billion, or more than Rs 10,000 crore. However, it is nothing compared to our business with other countries. In the year 2018, the business record reached $ 2.35 billion in 2018 before the Pulwama attack between India and Pakistan. After the Pulwama attack in 2019, India almost discontinued imports from Pakistan.
We impose 200% tariff on Pakistani products
India imposed 200 percent tariff on imports from Pakistan. At the same time, India had also withdrawn the status of Pakistan’s most favorite nation. Due to this, Pakistan’s export to India fell from $ 54.7 million to $ 48 million in 2024. In 2019, when Article 370 was removed from Kashmir, Pakistan announced to shut down all bilateral trade with India. However, when inflation in Pakistan increased, it withdrew the decision.
What do we export to Pakistan
The goods that India exported to Pakistan include biological chemicals, medicinal products, counse, sugar and sweets. At the same time, Pakistan exports salt, sulfur, lime, clothes and cement in India. 200 % of tariffs in India are still imposed on Pakistani products.
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