The recent Pakistan decision to suspend bilateral trade with India may hit its textiles sector, which relies on raw material import worth over $450 mn from the latter. Pakistan ranks 48th in the list of India’s trade partners, while India ranks 6th among Pakistan’s importing partners. In 2018-19, Indo-Pak trade was 0.1 per cent of India’s total trade. Of the total exports of $330.08 bn in 2018-19, India’s trade with Pakistan accounted for just 0.6 per cent.
In 2018-19, Pakistan imported $550.33 mn worth of cotton and $457.75 mn worth of organic chemicals from India, according to Indian Commerce Ministry Statistics. Together, the two products make up around half of the country’s total imports from India, which were around $2.07 bn during that fiscal.
In contrast, India imports products valued at less than a fourth of its total exports to Pakistan, and is not expected to face a negative impact from Pakistan’s move, according to a report. India’s total exports to Pakistan stood at $2.06 bn in 2018-19, while its imports were valued at just $0.49 bn.
