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Turkmenistan increases its trade turnover since beginning 2020

Business Materials 10 October 2020 12:07 (UTC +04:00)
Turkmenistan increases its trade turnover since beginning 2020

BAKU, Azerbaijan, October 10

By Jeila Aliyeva - Trend:

Ministry of Trade and Foreign Economic Relations of Turkmenistan has increased the total volume of trade turnover by 13.8 percent from January through September 2020, compared to the same period last year, Trend reports with reference to Turkmenistan’s State News Agency.

The statistical data were provided during a meeting of the Cabinet of Ministers of Turkmenistan held via videoconference.

The volume of cotton yarn produced by enterprises of the Ministry of Textile Industry increased by 2.6 percent, fabrics- 0.9, clothing and knitwear-16.9, and leather - 6 percent.

The State Commodity and Raw Materials Exchange held 205 trading sessions and concluded 20,226 contracts so far, said the report.

During the reporting period, the Turkmen Chamber of Commerce and Industry increased the volume of services rendered in monetary terms by 20.5 percent, the Union of Industrialists and Entrepreneurs increased industrial production by 17.5 percent, while agricultural and food production increased by 31.2 percent.

As reported, Ministry of Trade and Foreign Economic Relations of Turkmenistan increased the total volume of trade turnover by 17.3 percent from January through August 2020, compared to the same period last year.

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