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Greece talks latest trade data with Turkmenistan

Business Materials 16 May 2021 16:45 (UTC +04:00)
Greece talks latest trade data with Turkmenistan

BAKU, Azerbaijan, May 16

By Jeila Aliyeva - Trend:

The bilateral trade between Greece and Turkmenistan has gradually increased during the last years, Ministry of Foreign Affairs of Greece told Trend.

“In 2020 Greek imports from Turkmenistan increased by 80 percent compared to 2017 and reached 40 million Euros, while Greek exports to Turkmenistan reached 2.1 million Euros last year, increased by 10 percent compared to 2017,” said the ministry.

The main products that Greece exported to Turkmenistan in 2020 were marbles and plaiting materials; Greece mainly imported from Turkmenistan petroleum oils.

Provisional data (aggregate or by combined nomenclature categories) for the first trimester 2021 are not yet available.

Earlier the Ministry of Foreign Affairs of Hellenic Republic told Trend, that Greece is interested in strengthening bilateral economic relations in new fields of trade with Turkmenistan.

In particular, these are processing of mineral oils, energy and renewable energy, transfer of know-how, agricultural equipment such as conservation of fresh products, construction of green-houses and irrigation techniques, dairy products, fisheries, medical services, personal care consumer products, furniture and footwear.

In addition, Greek ministry revealed trade turnover volume with Turkmenistan for 2019, which amounted to 51.8 million euros.

"More specifically, Greek exports to Turkmenistan reached 11.7 million Euros in 2019,” highlighted the ministry.

Out of this amount, 8.2 million Euros accounted for mineral oils and 3.2 million Euros - for building stones, said the ministry.

“Main Greek products exported in 2019 to Turkmenistan were mineral oils, building stones and pharmaceuticals,” the source added.

Furthermore, the ministry noted that Greek imports from Turkmenistan reached 40.03 million Euros of which 40.02 million Euros concerned mineral oils and 16,000 Euros concerned cotton textiles.

Companies in Greece having advanced know-how in the fields of infrastructure construction, energy and mineral oils processing projects, are open to forming potential partnerships with Turkmen companies, added the Greek ministry.

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