Israel Pakistan Trade began in 2001

Israel Pakistan Trade began in 2001
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Israel Pakistan Trade began in 2001. There is huge controversy regarding trade relations between Israel and Pakistan. The recent controversy came in when a Pakistani Jewish businessman came on social media announcing introduction of Pakistani products in Israel. There is a strong public outcry across Pakistani social media against the trade activities. However, a lot of people are unaware that the formal trade ties between Israel and Pakistan exist since 2001.

In this regard, Israel had removed the restriction of import license for Pakistani products in 2005. So, there is no need for any special licenses or permits to conduct this trade.

The National Frontier article shares the trade ties between the two countries on All the Facts of Israel Pakistan Trade Controversy.

The trade ties between Pakistan and Israel can be traced back to year 2001 at least with proven statistics and datasets. For instance, Pakistani exports were worth $3.31 million in the year 2001 and there has been continuous trade activities between the two countries since then. The latest and most recent transaction between the two countries stands at $2.92 million in 2021.

The Observatory of Economic Complexity (OEC) is an online data visualization and distribution platform focused on the geography and dynamics of economic activities. The OEC integrates and distributes data from a variety of sources to empower analysts in the private sector, public sector, and academia.

On Israel-Pakistan trade, it shares that the main products that Pakistan exported to Israel in 2021 are Knit Gloves costing $531k, Non-Knit Men’s Suits amounting to $291k, and Synthetic Filament Yarn Woven Fabric at $285k. The total exports of Pakistan to Israel stood at $2.92 million in 2021.

Also Read: Fact-File News

Interestingly, Pakistan has also been an importer of Israeli products. For instance, Israel exported broadcasting equipment and other measuring instruments to Pakistan in 2021. Israeli exports stood at $6,000 in 2021. By all means, it is the best case scenario for Pakistan as the balance of trade is in favor of Pakistan.

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Similarly, Israel Exports to Pakistan stood at $26,000 during 2022 derived from United Nations COMTRADE database on international trade. Trading Economics shares that Israel has exported medical apparatus, precious metal compounds, electronic equipment, plastics, machinery, nuclear reactors, fertilizers and a number of other products to Pakistan since 2001. 

 

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