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Trade turnover between Turkmenistan and Azerbaijan increases

Turkmenistan Materials 26 January 2023 14:39 (UTC +04:00)
Trade turnover between Turkmenistan and Azerbaijan increases
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, January 26. The total trade volume between Turkmenistan and Azerbaijan reached $535.3 million for 2022, which is 5 times an increase from $105 million in 2021, Trend reports citing the statistics data of Azerbaijan’s Customs Committee.

Turkmenistan exported $509.7 million worth of goods to Azerbaijan in 2022, which is 7.2 times more than the same period in 2021 ($70.7 million).

Turkmenistan’s share in the total volume of Azerbaijan’s imports amounted to 3.51 percent for 2022, compared to 0.6 percent in 2021.

Turkmenistan's imports from Azerbaijan amounted to $25.6 million last year, which is 1.3 times less than $34.2 million from January through December 2021.

Turkmenistan’s share in the total volume of Azerbaijan’s exports amounted to 0.07 percent during the reporting period of 2022, compared to 0.15 percent during the same period of 2021.

Meanwhile, the trade turnover between Azerbaijan and Turkmenistan amounted to $108.7 million in 2020.

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