Turkmen foreign trade turnover increases by 37 percent

Business Materials 15 October 2012 17:40 (UTC +04:00)

Turkmenistan, Ashgabat, Oct. 15 / Trend H. Hasanov /

During the reporting period, the foreign trade turnover was $23.3 billion in Turkmenistan from January to August, or 36.9 percent more compared to 2011.

"Broad opportunities are being opened for increasing the foreign trade relations thanks to the constructive foreign policy pursued by the Turkmen government," a government report said today.

The investment policy is one of the key aspects of the socio-economic strategy.

The diversification and increase in production have become an important prerequisite for the Turkmen economy's growth. The amount of foreign investments hits one-third of the total investments in the country. Their main part is transferred to the Turkmen production sector.

The geography of its foreign participants trade is increasing. It includes more than a hundred world countries. The main exporting countries are: Iran, Russia, China, Georgia, Italy, Turkey, Afghanistan and other foreign countries. Dominant importing countries are Turkey, China, Russia, United Arab Emirates, Iran, France, Germany.

The share of oil and oil products, oil gas, oil, textiles, cotton and other commodities exported from the country is increasing.