Uzbekistan foreign trade turnover up nearly 20%, Turkmenistan gains

Uzbekistan's foreign trade turnover as a whole exceeded $50bn in 2022, an increase of 18.6% or $7.8bn compared to 2021. 

Russia remains Uzbekistan's largest foreign trading partner, constituting $9.2bn - or just under 20% - of Uzbekistan's foreign trade in 2022.

Neighbours Turkmenistan, who for many years have been one of the most economically isolated countries in the world, has also seen its trade with Uzbekistan increase.

The trade turnover between Turkmenistan and Uzbekistan in 2022 amounted to $926.3m, reported Trend news agency with reference to the data of the State Statistics Committee of Uzbekistan. This represents an increase in trade turnover between the countries of 2.7% compared to 2021.

Trade between Ashgabat and Tashkent has dramatically increased in the last two years. In 2021, the trade turnover between the countries amounted to $881.9m, which is 61% more than in 2020.

Mirroring wider regional changes, Turkmenistan appears to be abandoning decades-long economic isolation and has seen its trade with other countries in the region dramatically increase in the past year. For example, the total trade volume between Turkmenistan and Azerbaijan reached $305.5m from January through to September 2022, a more than 600% increase from $48.6m in the same period of 2021, according to statistics from Azerbaijan’s Customs Committee.

Similarly, according to China Customs statistics, bilateral trade between Turkmenistan and China between January and August 2022 - underpinned by Ashgabat's export of natural gas to Beijing - reached $6.9 billion, an increase of 52.4% percent year on year.

source: commonspace.eu with agencies
photo: ANKASAM

 

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
European Commission launches a Global Alliance to Counter Migrant Smuggling

European Commission launches a Global Alliance to Counter Migrant Smuggling

Criminal networks take advantage of people's desperation, and this abuse often leads to loss of life. Migrant smugglers squeezing hundreds of people onto unseaworthy boats, resulted in a staggering humanitarian toll of over 28 000 people having drowned or missing in the Mediterranean Sea since 2014. The main beneficiaries are the criminals, the smuggling networks in countries of origin, transit and destination. The current legislative framework is the Facilitators Package from 2002. Under the Facilitators Package, any person who intentionally assists the unauthorised entry, transit, or residence of a non-EU national into the EU, or, for financial gain, to reside there is to be sanctioned unless they are doing so for humanitarian reasons. On Tuesday (28 November), the European Commission proposed new legislation to prevent and fight migrant smuggling. The Commission has also launched a Call to Action for a Global Alliance to Counter Migrant Smuggling, at an International Conference hosted this week in Brussels. The Commission will ensure that the Global Alliance to Counter Migrant Smuggling will work at bilateral and multilateral level as well as through the work of the UNODC. Regular stocktaking at political level will be ensured, with the first event taking place in Copenhagen in the spring 2024. The Conference will be the first such opportunity to take stock of the achievements of the Global Alliance. Migrant smuggling is a criminal activity that disrespects human life and the dignity of people in the pursuit of financial or other material benefits. Smuggling networks make substantial profits from their criminal activities, ranging between EUR 4.7 – 6 billion worldwide annually.  The modi operandi of smuggling networks change rapidly, adapting to circumstances and responses by national authorities. This is why the Commission is increasing its efforts to tackle this crime at a global scale.

Popular

Editor's choice
News
European Commission launches a Global Alliance to Counter Migrant Smuggling

European Commission launches a Global Alliance to Counter Migrant Smuggling

Criminal networks take advantage of people's desperation, and this abuse often leads to loss of life. Migrant smugglers squeezing hundreds of people onto unseaworthy boats, resulted in a staggering humanitarian toll of over 28 000 people having drowned or missing in the Mediterranean Sea since 2014. The main beneficiaries are the criminals, the smuggling networks in countries of origin, transit and destination. The current legislative framework is the Facilitators Package from 2002. Under the Facilitators Package, any person who intentionally assists the unauthorised entry, transit, or residence of a non-EU national into the EU, or, for financial gain, to reside there is to be sanctioned unless they are doing so for humanitarian reasons. On Tuesday (28 November), the European Commission proposed new legislation to prevent and fight migrant smuggling. The Commission has also launched a Call to Action for a Global Alliance to Counter Migrant Smuggling, at an International Conference hosted this week in Brussels. The Commission will ensure that the Global Alliance to Counter Migrant Smuggling will work at bilateral and multilateral level as well as through the work of the UNODC. Regular stocktaking at political level will be ensured, with the first event taking place in Copenhagen in the spring 2024. The Conference will be the first such opportunity to take stock of the achievements of the Global Alliance. Migrant smuggling is a criminal activity that disrespects human life and the dignity of people in the pursuit of financial or other material benefits. Smuggling networks make substantial profits from their criminal activities, ranging between EUR 4.7 – 6 billion worldwide annually.  The modi operandi of smuggling networks change rapidly, adapting to circumstances and responses by national authorities. This is why the Commission is increasing its efforts to tackle this crime at a global scale.