Does Afghanistan have a trade deficit or surplus?

What are the statistics of trade in Afghanistan?

Afghanistan had a total export of 596,455.34 in thousands of US$ and total imports of 6,534,140.41 in thousands of US$ leading to a negative trade balance of -5,937,685.08 in thousands of US$The trade growth is 10.96% compared to a world growth of -1.59%. GDP of Afghanistan is 19,543,976,895.42 in current US$.

What country has the best trade?

Year-to-Date Total Trade

Rank Country Exports
Total, All Countries 1,578.9
Total, Top 15 Countries 1,078.7
1 Canada 300.3
2 China 122.0

Can we export to Afghanistan?

There are many types of goods exported from India to Afghanistan. The export formalities and procedures are usually common in almost all countries. The technical terms used for import and export process could be varied from country to country. However, most of the process to export and import are same.

Which country has the greatest current account balance?

In 2019, China was the country with the highest trade surplus with approximately 421.9 billion U.S. dollars. Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness.

What is the main trade of Afghanistan?

Afghanistan main exports are: carpets and rugs (45 percent of total exports); dried fruits (31 percent) and medicinal plants (12 percent). Main export partners are: Pakistan (48 percent of total exports), India (19 percent) and Russia (9 percent). Others include: Iran, Iraq and Turkey. .

What kind of goods and services does Afghanistan export?

Afghanistan services export is 423,374,350.15 in BoP, current US$ and services import is 1,088,736,796.95 in Bop, current US$.Afghanistan exports of goods and services as percentage of GDP is 5.90% and imports of goods and services as percentage of GDP is 45.33%.

Does Afghanistan have a trade deficit or surplus?

In 2019, Afghanistan’s trade balance showed a deficit of 6.36 billion U.S. dollars….Afghanistan: Trade balance from 2009 to 2019 (in billion U.S. dollars)

Characteristic Trade balance in billion U.S. dollars

What is a positive balance of trade for a country?

A country’s trade balance is positive (meaning that it registers a surplus) if the value of exports exceeds the value of imports. Conversely, a country’s trade balance is negative, or registers a deficit, if the value of imports exceeds that of exports.

What was the trade deficit in Afghanistan in 2018?

Afghanistan recorded a trade deficit of 6531.40 USD Million in 2018. Balance of Trade in Afghanistan averaged -4816.26 USD Million from 2003 until 2018, reaching an all time high of -1660.90 USD Million in 2005 and a record low of -8517.90 USD Million in 2012.

Who are the main trading partners of Afghanistan?

Afghanistan´s main trading partners are: Pakistan (48 percent of total exports and 14 percent of imports) and Russia (9 percent of exports and 13 percent of imports). Others include: Iran, China, India, Japan and Turkey. This page provides – Afghanistan Balance of Trade – actual values, historical data, forecast, chart,…

Which country has balance of trade?

This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook….Top 20 countries with the largest deficit.

Rank 1
Country United States
CAB (Million US dollars) -466,200
Year 2017 EST.

What is our balance of trade?

Balance of trade (BOT) is the difference between the value of a country’s exports and the value of a country’s imports for a given period. Sometimes the balance of trade between a country’s goods and the balance of trade between its services are distinguished as two separate figures.

How do you calculate trade in balance?

Calculate the trade balance by subtracting imports from exports in both goods and services. Enter this in the final Balance column. This can be positive or negative.

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