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Positive dynamics in Russian-Turkmenistan trade continued in 2020

Business Materials 19 February 2021 15:48
Positive dynamics in Russian-Turkmenistan trade continued in 2020

BAKU, Azerbaijan, February 19

By Jeila Aliyeva - Trend:

The positive dynamics in Russian-Turkmen trade continued in 2020 – the trade turnover increased by 39.6 percent, compared to 2019 and reached $970.2 million (excluding Turkmen gas supplies), the Russian Ministry of Foreign Affairs told Trend.

The message said that the volume of exports increased by 19.6 percent (to $649.5 million), imports – by 11.6 percent (to $320.6 million).

"In 2020, Turkmenistan mainly exported metals and products made from them; food products and agricultural raw materials; chemical industry products; machinery, equipment, and vehicles," the ministry noted.

The main items of import from Turkmenistan were: chemical industry products; textile, products made from it and shoes; food products and agricultural raw materials; mineral products.

"Attitude of both sides to intensify cooperation across the whole spectrum can expect further growth of bilateral trade."

Due to the effective operation of the intergovernmental Turkmen-Russian Commission on Economic Cooperation, coupled with targeted work of the specialized agencies of the two countries in 2020 was intensified cooperation in the field of the shipbuilding industry, railway engineering, metallurgy, geology, and medicine.

In 2020, a program of cooperation between the Ministries of Foreign Affairs of Russia and Turkmenistan for 2021-2022, a Memorandum of Understanding between the Ministries of Energy of the Russian Federation and Turkmenistan on cooperation in the field of electric power, and an agreement on cooperation between the central banks of Russia and Turkmenistan were signed through diplomatic channels.

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