The India-Pakistan war escalates and trade difficulties increase

The India-Pakistan war escalates and trade difficulties increase

Since the war between India and Pakistan on April 23, tensions between the two sides have continued to escalate. On May 3, India terminated some trade with Pakistan and banned ships carrying Pakistani goods from docking at Indian ports.

Karachi Port is Pakistan's largest shipping hub, handling about 70% of the country's international trade, including the import and export of important materials such as textiles, food, and energy. India's ban has forced a large number of international merchant ships passing through Indian waters to detour, significantly increasing transportation time and costs.

Specific impact on trade:

Export trade is blocked: China is an important trading partner of Pakistan. India's ban has led to a decrease in the number of ships going to Pakistani ports and an increase in freight rates. Now Pakistani shippers may turn to other suppliers due to delays and additional costs.

Reduced import trade: The continued escalation of the domestic war has led to a large number of importers choosing to wait and see, suspending import trade, which has directly affected China-Pakistan trade.

Transshipment trade paralyzed: The cargo transit volume of Afghanistan and other Central Asian countries through Karachi Port accounts for 15% of the port's business. The Indian ban indirectly affects the regional trade network and greatly affects China's exports to Afghanistan.

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