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.
An Armenia-Azerbaijan peace agreement before the end of the year appears to be within reach
Senior officials of Armenia and Azerbaijan are in Brussels this week to prepare for a leaders summit, scheduled to be held in Granada, Spain on 5 October. Armenian National Security Council Secretary, Armen Grigorian, and Azerbaijani Presidential Foreign Policy Assistant, Hikmet Haciyev will meet with representatives from the EU, France and Germany to prepare for the summit. This was announced simultaneously in Baku and Yerevan immediately after the visit to the region of the EU Special Representative for the South Caucasus, Toivo Klaar on Friday and Saturday. Such meetings between Haciyev and Grigorian have taken place in the past, but usually without much publicity. The announcement comes amongst increased speculation that Armenia and Azerbaijan are close to agreeing the text of a peace agreement between them and that this could be signed before the end of the year, a pre-document, may even be signed in Granada. This development comes despite the fact that recent weeks have seen a high level of tension in the region, which culminated on Tuesday (19 September) in a 24 hours Azerbaijani military operation which re-asserted Azerbaijani control over Nagorno-Karabakh - even whilst leaving hundreds of casualties and thousands of refugees. The operation led to the Armenians of Karabakh agreeing to disarm, and the two sides are now holding talks for the eventual reintegration of the territory within the Azerbaijani state. The process has been mediated by the command of the Russian military contingent in Karabakh. commonspace.eu political editor says that a picture is emerging, whereby Russia is taking the leading role in the mediation between Baku and the Karabakh Armenians, and with supervising any agreement between them through the Russian military contingent in Nagorno-Karabakh, which numbers around 2000 personnel. The EU, through the wider format involving both the president of the European Council, Charles Michel, and the leaders of France and Germany, can now focus on Armenia-Azerbaijan relations, and the eventual signing of a peace agreement. This arrangement looks very neat on paper, but of course there are many cross cutting issues. How the two processes will evolve in parallel yet in harmony is yet to be seen.
dennis2020 Mon, 09/25/2023 - 07:55

Popular

An Armenia-Azerbaijan peace agreement before the end of the year appears to be within reach
Senior officials of Armenia and Azerbaijan are in Brussels this week to prepare for a leaders summit, scheduled to be held in Granada, Spain on 5 October. Armenian National Security Council Secretary, Armen Grigorian, and Azerbaijani Presidential Foreign Policy Assistant, Hikmet Haciyev will meet with representatives from the EU, France and Germany to prepare for the summit. This was announced simultaneously in Baku and Yerevan immediately after the visit to the region of the EU Special Representative for the South Caucasus, Toivo Klaar on Friday and Saturday. Such meetings between Haciyev and Grigorian have taken place in the past, but usually without much publicity. The announcement comes amongst increased speculation that Armenia and Azerbaijan are close to agreeing the text of a peace agreement between them and that this could be signed before the end of the year, a pre-document, may even be signed in Granada. This development comes despite the fact that recent weeks have seen a high level of tension in the region, which culminated on Tuesday (19 September) in a 24 hours Azerbaijani military operation which re-asserted Azerbaijani control over Nagorno-Karabakh - even whilst leaving hundreds of casualties and thousands of refugees. The operation led to the Armenians of Karabakh agreeing to disarm, and the two sides are now holding talks for the eventual reintegration of the territory within the Azerbaijani state. The process has been mediated by the command of the Russian military contingent in Karabakh. commonspace.eu political editor says that a picture is emerging, whereby Russia is taking the leading role in the mediation between Baku and the Karabakh Armenians, and with supervising any agreement between them through the Russian military contingent in Nagorno-Karabakh, which numbers around 2000 personnel. The EU, through the wider format involving both the president of the European Council, Charles Michel, and the leaders of France and Germany, can now focus on Armenia-Azerbaijan relations, and the eventual signing of a peace agreement. This arrangement looks very neat on paper, but of course there are many cross cutting issues. How the two processes will evolve in parallel yet in harmony is yet to be seen.
dennis2020 Mon, 09/25/2023 - 07:55