Pahalgam Terror Attack LIVE Updates: India, Pak trade miniscule; now will come to complete halt: Exporters
With Pakistan suspending all trade ties with India, including that routes through third countries, the two-way commerce will now come to a complete halt, apex exporters' body FIEO said on Thursday.
Following the terror attack in Pahalgam on Tuesday, which killed 26 people, mostly tourists, India took a series of measures including immediate shutting down of the Attari land-transit post, used for movement of certain kinds of goods.
Besides, India has announced expulsion of Pakistani military attaches, and suspension of the Indus Water Treaty of 1960.
In retaliation, Pakistan announced suspension of 'all trade' with India, including that routes through third countries.
Commenting on the decision of the neighbouring country, Federation of Indian Export Organisations (FIEO) President S C Ralhan said India's bilateral trade with Pakistan is miniscule and is just 0.06 per cent of India's total trade.
"We have minuscule trade with Pakistan, which is constantly declining. During April-January 2024-25, the same was not even USD 500 million as against the overall trade of over USD 800 billion in the same period. The trade will now come to a complete standstill affecting supply of some key products to Pakistan, hitting their economy further," Ralhan told PTI. India's exports to Pakistan in April-January 2024-25 stood at $447.65 million, while imports were meagre $0.42 million.
India-Pakistan Trade Overview
| Financial Year |
Exports ($ million) |
Imports ($ million) |
| 2023-24 |
$1,180.00 |
$2.88 |
| 2022-23 |
$627.10 |
$20.11 |
| 2021-22 |
$513.82 |
$2.54 |
Top Exported Commodities (Apr–Jan 2024-25)
| Commodity |
Export Value ($ million) |
| Organic Chemicals | $129.55 |
| Pharmaceutical Products | $110.06 |
| Sugar and Sugar Confectionery | $85.16 |
| Certain Vegetables | $3.77 |
| Coffee, Tea and Spices | $1.66 |
| Cereals | $1.39 |
| Petroleum Products | $11.63 |
| Fertiliser | $6.00 |
| Plastics | $4.16 |
| Rubber | $1.88 |
| Auto Components | $28.57 |
Key Imports from Pakistan
- Fruits and Nuts – $0.08 million
- Oil Seeds & Medicinal Plants – $0.26 million
- Organic Chemicals and Project Goods – value not specified
Note: Most consignments from India to Pakistan are routed via Dubai port.
- PTI