Turkmenistan’s Trade With Uzbekistan Nears $486 Million in Jan-Jul 2022

BUSINESS TURKMENISTAN
Turkmenistan’s Trade With Uzbekistan Nears $486 Million in Jan-Jul 2022
During the first seven months of this year, Uzbekistan imported $352.8 million worth of Turkmen products.

Uzbekistan’s foreign trade turnover with Turkmenistan in January-July period of this year amounted to $485.8 million, an increase of 8.5% compared to the same period of last year, according to the report published by the State Statistics Committee of Uzbekistan last Wednesday.

During the first seven months of this year, Uzbekistan imported $352.8 million worth of Turkmen products, an increase of over 1.5% compared to the same period of last year. At the same period, the country’s exports to Turkmenistan amounted to $133 million, an increase of 32.4% compared to the same period of last year. Turkmenistan is listed among the top ten trading partners of Uzbekistan.

Uzbekistan's total foreign trade turnover during the seven-month period amounted to over $28.1 billion, which, compared to the same period in 2021, is an increase of nearly $6.3 billion, or 29.2%.

Over the period, Uzbekistan traded the most with China – more than $5.2 billion, with its imports amounting to more than $3.7 billion, and exports – exceeding $1.5 billion.

Other main partners of Uzbekistan by trade turnover during the period are Russia (more than $4.8 billion), Kazakhstan (nearly $2.5 billion), Turkey (nearly $2 billion), Korea (more than $1.4 billion), Kyrgyzstan ($659.9 million), Germany ($636.7 million), Afghanistan ($419.9 million) and India ($376.7 million).

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

2022