Business

Afghanistan’s exports total $2 billion for last solar year

Published

2 years ago

March 29, 2023

The deputy minister of trade and industry said on Tuesday at a press conference that Afghanistan’s exports totaled $2 billion for the past solar year.

Presenting his financial report for the 1401 solar year, Mawlavi Qadratullah Jamal said: "For the first time, Afghanistan's exports have reached about two billion dollars, which shows an increase of 135 percent compared to [solar year] 1400 and 166 percent compared to 1399."

According to the deputy minister, the recent actions of the Islamic Emirate's administrations on improving the trade balance, maintaining monetary stability, creating work opportunities and providing transparency in revenue collection are among the reasons for the growth in Afghanistan's trade and export revenue.

"During the last year, with a total value of $925.5 million, coal, cotton, hemp, pomegranate, raisins, figs, grapes, Roman eggplant, black pine nuts and onions to Pakistan, India, Uzbekistan, Tajikistan, United Arab Emirates, China, Iran, Iraq, Turkey and Kazakhstan have been exported,” Jamal said.

Officials add that in order to standardize and increase the country's exports, the ministry plans to establish export processing centers in five zones around the country.

Officials have also said that the necessary facilities have been provided for importing goods and that the private sector can import their goods without any problems.

The deputy minister added that in order to strengthen trade, facilitate exports and imports and expand cooperation between countries, necessary arrangements have been made with neighboring countries such as Iran, Pakistan, Russia, China, Uzbekistan, and Turkmenistan.

The officials of the ministry say that in terms of development and improvement of the industry in Afghanistan, fundamental steps have been taken, which includes growth in 50 sectors - including the iron smelting and skewer production sector, the spice sector, the soft drink production sector, the carpet sector and the printing sector.

According to the ministry, there are 51 industrial parks in the country, of which 14 industrial parks have been kept active during the last year, and efforts are underway to attract investment and reactivate all industrial parks.

According to the officials, in terms of attracting domestic and foreign investments, by providing the necessary facilities, the barriers to the investors have been removed.

Recently, a service center was established at the Kabul airport, and so far, 100 investors have received visas through this center. In addition, the ministry has created a legal and regulatory framework so that domestic and foreign investors can invest in the country with full confidence.

Also, the complex and time-consuming processes have been modified and now the private sector and entrepreneurs can receive, renew or cancel their licenses in the shortest possible time, officials said.

According to the ministry, during the last year, 5,100 licenses were distributed, 7,228 licenses were renewed and 333 licenses were canceled and 7,000 business passports were also distributed.

According to officials, during the year 1401, the amount of 341.6 million afghanis was allocated to this ministry and the amount of 15.5 million afghanis was allocated to this ministry, of which 83.3 percent of this amount was used.

Also, in 1401, a total amount of 704.48 million afghanis was collected, which shows a 43.37 percent increase compared to last year.

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Business

Afghanistan-India trade volume totals $650 million so far this year

Published

5 days ago

November 10, 2024

Ariana News

Trade between Afghanistan and India totals $650 million in the first 10 months of this year, the Islamic Emirate’s Ministry of Industry and Commerce announced this weekend.

In a post on X on Saturday, the ministry’s spokesman Abdulsalam Jawad Akhundzada said $477 million in exports and $203 million in imports were recorded this year.

He said Afghanistan’s main exports to India included dried figs, raisins, saffron, green cumin, and almonds.

According to Akhundzada, the main items imported from India over the past 10 months were sugar, raw materials for industrial factories, new clothing, and roasted chickpeas.

Just last week, JP Singh, Indian foreign ministry’s joint secretary for the Pakistan-Afghanistan-Iran division, visited Kabul and met with Acting Foreign Minister Amir Khan Muttaqi.

The two sides discussed political and economic relations between Afghanistan and India, and people's movements, the Afghan foreign ministry said in a statement.

Muttaqi expressed hope that relations between India and Afghanistan would expand in various fields. He stressed that to develop trade relations, Indian visa facilities should be increased for Afghan citizens, especially businesspersons.

According to the statement, JP Singh said that relations with Afghanistan are important for India and have an ancient history.

The Indian diplomat said that along with humanitarian aid to Afghans, India has also started development assistance to Afghanistan and is engaged in technical discussions with relevant Afghan institutions.

JP Singh stressed that in the near future, negotiations will be held between technical delegations of regional countries including Afghanistan and India on the Chabahar port.

He also promised to increase Indian visa facilities for Afghans.

Business

Iran’s non-oil exports to Afghanistan rise by 31% this solar year

Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period

Published

2 weeks ago

November 4, 2024

Ariana News

Iran's non-oil exports to Afghanistan surged by 31% in the first half of this solar year (April to September 2024), totalling over $1.77 billion.

According to Iran’s trade association in Afghanistan, both the value and volume of non-oil exports to Afghanistan saw substantial growth.

Statistics provided by the association indicate that nearly 560,000 tons of Iranian goods, including iron, steel, cement, eggs, and potatoes, were exported to Afghanistan during this period.

Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period.

The primary exports to Iran included barley, corn, peanuts, and chilies.

Business

Private sectors of Afghanistan, Kazakhstan sign contracts worth $100 million

Published

2 weeks ago

November 1, 2024

Ariana News

Private sectors of Afghanistan and Kazakhstan have signed contracts worth $100 million during the visit of an Afghan delegation to Almaty recently, the Islamic Emirate of Afghanistan (IEA) announced on Thursday.

The agreements include the export of more than 2,000 tons of dried fruit, the export of fresh fruit, including pomegranates, and the export of cotton, Zabihullah Mujahid, a spokesman for the Islamic Emirate, said on X.

Mujahid said that the Islamic Emirate delegation during its recent visit to Kazakhstan signed a "road map of cooperation between Afghanistan and Kazakhstan in the fields of trade, industry, mining, energy, logistics, agriculture, telecommunications, health, higher education and humanitarian aid.”

He said Kazakhstan also assured that it would provide more facilities for the transit of Afghan goods to China and other countries through Kazakhstan.

The allocation of an area "as a logistics center for Afghan goods" in the port of Khargos was also part of the agreement between the two sides to facilitate the unloading and loading of Afghan traders' goods.

The spokesman of the Islamic Emirate also said that Kazakhstan will participate in the construction of the Torghundi-Herat, Kandahar-Spin Boldak and Mazar-e-Sharif-Kharlachi railway projects.

Mujahid added that Kazakhstan will also participate in the establishment of a trade and transit center in Herat province, which will be used to store and finance trade and transit goods. Meanwhile, Kazakhstan has agreed to establish permanent expo centers for the sale of Afghan goods in various cities of Kazakhstan.

It is worth mentioning that the delegation of the Islamic Emirate led by Nooruddin Azizi, Acting Minister of Industry and Commerce, participated in the three-day exhibition of Afghanistan's domestic products, which was launched on October 21 in Almaty.

The Ministry of Industry and Commerce recently announced that 23 tons of pomegranates from Kandahar province were exported to Almaty through the port of Torghundi.