22.11.23
The economic partnership between Turkmenistan and Uzbekistan continues to flourish, as bilateral trade turnover soared to $939.1 million in January-October 2023, according to the Statistics Agency under the President of Uzbekistan.
Uzbekistan’s exports to Turkmenistan during this period reached $143.7 million, while imports from Turkmenistan amounted to $795.5 million.
Turkmenistan currently stands among Uzbekistan’s top seven trade and economic partners, highlighting the significance of this relationship. Within the CIS region, Uzbekistan’s foreign trade turnover is primarily concentrated on Russia (47.3%), Kazakhstan (21.4%), and Turkmenistan (5.6%).
In January-October 2023, Uzbekistan imported goods and services from 175 countries, with over two-thirds of imports originating from key partners such as China, Russia, Kazakhstan, the Republic of Korea, Türkiye, Germany, and Turkmenistan.
During this period, Uzbekistan’s exports totaled $20.47 billion, or 29.1% up year-on-year. Imports, on the other hand, reached $30.5 billion, marking a 22.7% growth. As a result, the foreign trade turnover balance recorded a negative balance of $10.03 billion.
