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
Council of Europe launches new International Claims Commission for Ukraine

Council of Europe launches new International Claims Commission for Ukraine

Thirty-four countries and the European Union have signed a new convention establishing an International Claims Commission for Ukraine at a diplomatic conference co-hosted by the 46-nation Council of Europe and the Netherlands in the Hague. The diplomatic conference was attended by leaders and high-level representatives from over 50 states, including the President of Ukraine, Volodymyr Zelenskyy, the President of the Republic of Moldova, Maia Sandu, and the Prime Minister of the Netherlands, Dick Schoof.  “Today marks a major step forward in ensuring accountability for Ukraine. The International Claims Commission represents justice and hope for tens of thousands of victims—our determination that those who have suffered will not be forgotten. I call for quick ratifications so we can get the commission rapidly up and running for the people of Ukraine,” said Council of Europe Secretary General Alain Berset. Ukrainian President Volodymyr Zelenskyy said: “We expect that every mechanism for compensation from the Register of Damage and Claims Commission to the actual payments – will start working and receive strong and sufficient international support, so that people can truly feel that any kind of damage caused by the war can be compensated. This war, and Russia’s responsibility for it, MUST become a clear example – so that others learn not to choose aggression.” “Accountability is about creating the conditions for peace that endures. And therefore, accountability is a condition of security – today and for the future. But accountability is not only about Ukraine. And it is not only about one aggressor and one victim. Accountability is about Europe. About every country in Europe. It is about whether Europe, as a whole, is willing to defend its peace,” said Maia Sandu, President of the Republic of Moldova, which currently holds the Presidency of the Council of Europe’s Committee of Ministers. The Prime Minister of the Netherlands, Dick Schoof, said: “Every day Russia is deliberately bombarding homes, destroying businesses and damaging infrastructure in Ukraine. Russia must compensate Ukraine for the damage caused. That is why we have launched the International Claims Commission for Ukraine and we are honoured to host it.” The International Claims Commission will be the second part of a comprehensive compensation mechanism related to Russia’s war of aggression, building on the existing Register of Damage for Ukraine. The claims commission will be established within the framework of the Council of Europe and will also be open to other countries. The Register of Damage for Ukraine, created in 2023, collects and records compensation claims submitted by individuals, organisations and public bodies in Ukraine. Forty-four states and the European Union have so far joined the Register, which has already received 86,000 claims. The International Claims Commission will review, assess and decide upon claims submitted to the Register of Damage for Ukraine and determine the amount of compensation, if any, which is due in each case. The convention establishing the commission will enter into force once it has been ratified by 25 signatories, as long as sufficient funds have been secured to support its initial work.

Popular

Editor's choice
News
Council of Europe launches new International Claims Commission for Ukraine

Council of Europe launches new International Claims Commission for Ukraine

Thirty-four countries and the European Union have signed a new convention establishing an International Claims Commission for Ukraine at a diplomatic conference co-hosted by the 46-nation Council of Europe and the Netherlands in the Hague. The diplomatic conference was attended by leaders and high-level representatives from over 50 states, including the President of Ukraine, Volodymyr Zelenskyy, the President of the Republic of Moldova, Maia Sandu, and the Prime Minister of the Netherlands, Dick Schoof.  “Today marks a major step forward in ensuring accountability for Ukraine. The International Claims Commission represents justice and hope for tens of thousands of victims—our determination that those who have suffered will not be forgotten. I call for quick ratifications so we can get the commission rapidly up and running for the people of Ukraine,” said Council of Europe Secretary General Alain Berset. Ukrainian President Volodymyr Zelenskyy said: “We expect that every mechanism for compensation from the Register of Damage and Claims Commission to the actual payments – will start working and receive strong and sufficient international support, so that people can truly feel that any kind of damage caused by the war can be compensated. This war, and Russia’s responsibility for it, MUST become a clear example – so that others learn not to choose aggression.” “Accountability is about creating the conditions for peace that endures. And therefore, accountability is a condition of security – today and for the future. But accountability is not only about Ukraine. And it is not only about one aggressor and one victim. Accountability is about Europe. About every country in Europe. It is about whether Europe, as a whole, is willing to defend its peace,” said Maia Sandu, President of the Republic of Moldova, which currently holds the Presidency of the Council of Europe’s Committee of Ministers. The Prime Minister of the Netherlands, Dick Schoof, said: “Every day Russia is deliberately bombarding homes, destroying businesses and damaging infrastructure in Ukraine. Russia must compensate Ukraine for the damage caused. That is why we have launched the International Claims Commission for Ukraine and we are honoured to host it.” The International Claims Commission will be the second part of a comprehensive compensation mechanism related to Russia’s war of aggression, building on the existing Register of Damage for Ukraine. The claims commission will be established within the framework of the Council of Europe and will also be open to other countries. The Register of Damage for Ukraine, created in 2023, collects and records compensation claims submitted by individuals, organisations and public bodies in Ukraine. Forty-four states and the European Union have so far joined the Register, which has already received 86,000 claims. The International Claims Commission will review, assess and decide upon claims submitted to the Register of Damage for Ukraine and determine the amount of compensation, if any, which is due in each case. The convention establishing the commission will enter into force once it has been ratified by 25 signatories, as long as sufficient funds have been secured to support its initial work.