Pakistan’s exports to Afghanistan rise by 4.12% in FY 2023-24

Pakistan’s exports of goods and services to Afghanistan increased by 4.12 percent during the fiscal year 2023-24 compared to the previous year, according to data from the State Bank of Pakistan (SBP). 

The total exports to Afghanistan reached $544.008 million during July-June 2023-24, up from $522.271 million in the same period of the previous year. Year-on-year, exports to Afghanistan rose by 5.53 percent, climbing from $43.657 million in June 2023 to $46.073 million in June 2024.

However, on a month-on-month basis, exports to Afghanistan decreased by 38.04 percent in June 2024, dropping from $74.369 million in May 2024.

Overall, Pakistan’s exports to all countries saw an increase of 11.53 percent in FY 2023-24, rising from $27.875 billion to $31.090 billion.

Conversely, imports from Afghanistan to Pakistan during the same period were recorded at $11.923 million, a decrease of 21.95 percent from $15.277 million in the previous fiscal year. On a year-on-year basis, imports from Afghanistan increased to $1.773 million in June 2024, up from zero in June 2023. 

On a month-on-month basis, imports from Afghanistan declined by 36.67 percent, from $2.800 million in May 2024 to $1.773 million in June 2024.

The overall imports into Pakistan saw a slight increase of 0.89 percent, rising from $52.695 billion to $53.167 billion.