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The year 2024 marked a 127 per cent jump in India’s exports to Pakistan from $530.91 million in 2023 to $1.21 billion in 2024, and a more than 300 per cent increase from 2020.
After the 2019 Pulwama attack, India revoked Pakistan’s Most Favoured Nation (MFN) status and imposed a 200 per cent duty on its imports. (Representational image/Shutterstock)
India’s merchandise exports to Pakistan hit a five-year high of $1.21 billion in 2024, despite strained bilateral ties, according to a Moneycontrol report. This marked a 127 per cent jump from $530.91 million in 2023, and a more than 300 per cent increase from 2020.
The last time exports were higher was in 2018 at $2.35 billion, Moneycontrol has reported citing UNCTAD and UN COMTRADE data.
Tensions have flared again following the April 22 terror attack in Jammu and Kashmir’s Pahalgam that killed at least 26 civilians — 25 Indians and one Nepali. The Resistance Front, linked to Pakistan-based Lashkar-e-Taiba, claimed responsibility for the deadly attack.
India has consistently maintained a large trade surplus with Pakistan. Key Indian exports include organic chemicals, pharmaceuticals, sugar, and confectionery, while Pakistan exports apparel, salt, sulphur, and cement.
After the 2019 Pulwama attack, India revoked Pakistan’s Most Favoured Nation (MFN) status and imposed a 200 per cent duty on its imports, slashing Pakistani exports to India from $547.47 million in 2019 to just $0.48 million in 2024.
Though Pakistan suspended trade with India after Article 370 was revoked in 2019, it later resumed select imports to manage domestic inflation.
