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Turkmenistan and Uzbekistan slightly reduce trade turnover

Turkmenistan Materials 24 August 2023 00:00 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, August 24. The trade turnover between Uzbekistan and Turkmenistan from January through July 2023 amounted to $492.4 million, which is 10.4 percent less than in the same period last year ($549.8 million), Trend reports.

According to the Uzbek State Statistics Committee, Turkmenistan entered the top 10 largest foreign trade partners of Uzbekistan in the first three months of this year.

Turkmenistan exported more than $383.3 million worth of goods to Uzbekistan during the reporting period, which is 7.8 percent less compared to the same period in 2022 ($416 million).

At the same time, Turkmenistan's imports from Uzbekistan decreased by 18.4 percent and amounted to $109.1 million, compared to $133.7 million in the period from January through July 2022.

Uzbekistan's foreign trade turnover in the first seven months of 2023 as a whole exceeded $34.9 billion, an increase of 23.3 percent, or $6.6 billion, compared to the same period last year.

Meanwhile, the trade turnover between Uzbekistan and Turkmenistan in 2022 amounted to $926.3 million, which is 2.7 percent higher than in 2021.

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