Turkmenistan Among Top 10 Foreign Trade Partners of Uzbekistan

Turkmenistan has become one of the top 10 largest foreign trade partners of Uzbekistan, ranking 7th in trade volume from January to May this year.

According to the Statistics Agency of Uzbekistan, trade between the two countries reached $455.5 million during this period, a 23% increase from $368.4 million in the same period last year.

Turkmenistan’s exports to Uzbekistan were worth over $407.5 million, a 36% rise from $299.1 million in 2023. Conversely, Turkmenistan’s imports from Uzbekistan fell by 30%, totaling $48 million compared to $69.2 million the previous year.

Overall, Uzbekistan’s foreign trade turnover exceeded $26.7 billion in the first five months of 2024, a 3% increase from $25.9 billion in the same period of 2023.

In 2023, the total trade turnover between Uzbekistan and Turkmenistan was $1.09 billion, marking a 17.8% increase from $928.6 million in 2022.




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