Turkmenistan reaches new heights in trade with Uzbekistan

Business Materials 25 January 2020 10:24 (UTC +04:00)
Turkmenistan reaches new heights in trade with Uzbekistan

ASHGABAT, Turkmenistan, Jan. 25

By Huseyn Hasanov - Trend:

Turkmenistan entered the top ten foreign trade partners of Uzbekistan in 2019, Trend reports referring to the State Committee of the Republic of Uzbekistan on Statistics.

The total trade between Turkmenistan and Uzbekistan reached $541.9 million from January through December 2019 compared to the indicators of the same period of 2018 and 2017, which were amounted to $274 million and $159 million respectively.

During this period, Turkmenistan’s export of goods and products to Uzbekistan amounted to $396.8 million, and import from Uzbekistan to $145.1 million.

Turkmenistan imports mineral fertilizers, vegetables, vehicles, building materials, electrical equipment, and sells petroleum products, polymers, cotton yarn and flat glass.

Turkmenistan and Uzbekistan, which have impressive reserves of hydrocarbon resources, are in favor of diversifying energy flows. A good example is the project for the construction of the Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline (Central Asia-China gas pipeline), launched in 2009.