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What are the trade relations of India and Pakistan?

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What are the trade relations of India and Pakistan?

Trade between the two countries suffered greatly. India’s exports to Pakistan dropped nearly 60\% to USD 816.62 million, and its imports fell 97\% to USD 13.97 million in 2019-20.

What is the recent agreement between India and Pakistan?

Important Agreements

No. Treaty/Agreement/MoU/Declaration/Protocol
28 Agreement between India and Pakistan on bilateral relations (Simla Agreement)
29 Agreement between India and Pakistan on withdrawal of troops
30 Tashkent declaration signed between India and Pakistan
31 Agreement related to trade between India and Pakistan

Which is the major trade route between India and Pakistan?

historic Kashmir trade route
India and Pakistan open historic Kashmir trade route.

What is Pakistan second largest import?

Top 10

  • Mineral fuels including oil: US$10.3 billion (22.5\% of total imports)
  • Electrical machinery, equipment: $4.6 billion (9.9\%)
  • Machinery including computers: $4.1 billion (8.9\%)
  • Iron, steel: $3.2 billion (6.9\%)
  • Animal/vegetable fats, oils, waxes: $2.25 billion (4.9\%)
  • Plastics, plastic articles: $2.17 billion (4.7\%)
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What is Pakistan’s biggest industry?

garment and textile industry
The garment and textile industry together with its related products is by far the single largest industry in Pakistan, and it is made up of 453 textile mills which are composed of 403 spinning units, 50 integrated units having 9.33 million spindles and 148,000 rotors.

Who are Pakistan’s trading partners?

Pakistan top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(\%)
United Arab Emirates 6,330 12.65
United States 2,611 5.22
Saudi Arabia 2,436 4.87
Indonesia 2,219 4.43