ASHGABAT, Turkmenistan, Dec. 25
By Huseyn Hasanov – Trend:
This year, Turkmenistan has entered the top ten foreign trade partners of Uzbekistan, Trend reports referring to Uzbek State Statistics Committee.
From January through November 2019, total trade between the two neighboring countries amounted to $457.8 million.
Turkmenistan exported goods and products worth $374.1 million to Uzbekistan during the reporting period, and imported goods and products worth $83.7 million from that country.
Turkmenistan buys mineral fertilizers, vegetables, vehicles, building materials, electrical equipment and sells oil products, polymers and cotton yarn.
The total trade turnover between Turkmenistan and Uzbekistan increased to $274 million in 2018 from $159 million in 2017.
Turkmenistan and Uzbekistan, which have impressive reserves of hydrocarbon resources, favor the diversification of energy flows. A good example is the Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline project implemented in 2009.
Turkmenistan has launched the export of electricity to Uzbekistan in December.
Currently, the project to create the Uzbekistan – Turkmenistan – Iran – Oman transport route is also being discussed. This will significantly increase international transit traffic.