Turkmenistan-Uzbekistan Trade Surges 22.1% in Jan-Sep

BUSINESS TURKMENISTAN
Turkmenistan-Uzbekistan Trade Surges 22.1% in Jan-Sep
Turkmenistan is listed among the top ten trading partners of Uzbekistan.

Uzbekistan’s foreign trade turnover with Turkmenistan from January to September of 2021 reached $491.4 million, up 22.1% year-on-year, according to the report of State Statistics Committee of Uzbekistan published on Wednesday.

During the same period last year, the trade turnover between the neighboring countries was over $382.8 million, according to the report. Turkmenistan is listed among the top ten trading partners of Uzbekistan.

Uzbekistan imported $354.5 million worth of Turkmen products during the first nine months of this year. At the same time, the country’s exports to Turkmenistan amounted to $136.9 million.

Uzbekistan's total foreign trade turnover during the period exceeded $28.2 billion, an increase of $680.4 million or 2.5% compared to the same period in 2020.

Uzbekistan's largest foreign trade partner during the period was China – nearly $5.4 billion, with exports nearing $1.8 billion, and imports – nearing $3.6 billion.

Other main partners of Uzbekistan by trade turnover during the period are Russia (over $5.1 billion), Kazakhstan (over $2.8 billion), Turkey (over $2.43 billion), Korea (around $1.37 billion), Kyrgyzstan (nearly $682 million), Germany (over $560 million), Afghanistan (nearly $489 million) and Ukraine (over $451 million).

The Uzbek-Turkmen Intergovernmental Commission on Trade-Economic, Scientific-Technical and Cultural-Humanitarian Cooperation during its 16th meeting in Tashkent inn September expressed its readiness to implement measures on increasing bilateral trade turnover to $1 billion a year in the near future

In 2020, trade turnover between Turkmenistan and Uzbekistan amounted to $527 million.