Uzbekistan’s Trade With Turkmenistan Nears $109 Million in Jan-Feb

BUSINESS TURKMENISTAN
Uzbekistan’s Trade With Turkmenistan Nears $109 Million in Jan-Feb
In January-February of this year, Uzbekistan imported $90 million worth of Turkmen products.

Uzbekistan’s foreign trade turnover with Turkmenistan in the first two months of 2022 amounted to $108.8 million, a decrease of 24.4% compared to the same period of last year, the State Statistics Committee of Uzbekistan said in its report published last Friday.

In January-February of this year, Uzbekistan imported $90 million worth of Turkmen products. At the same time, the country’s exports to Turkmenistan amounted to $18.8 million. Turkmenistan is listed among the top ten trading partners of Uzbekistan.

Uzbekistan's total foreign trade turnover in the two-month period exceeded $8.73 billion, which, compared to the same period in 2021, increased by $4 billion, or 84.9%.

Over the first two months of this year, the largest volume of Uzbekistan's foreign trade was carried out with China – nearly $1.36 billion, with imports exceeding $1 billion, and exports – $310.5 million.

Other main partners of Uzbekistan by trade turnover during the period are Russia (more than $1.25 billion), Kazakhstan ($620.1 million), Turkey ($521.2 million), Korea ($401.5 million), Germany ($176.1 million), Kyrgyzstan ($140.7 million), Ukraine ($114 million) and India ($98 million).

In 2021, trade turnover between Uzbekistan and Turkmenistan amounted to $881.9 million, which is 61% more compared to 2020.

2022