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    Turkmenistan

    Turkmenistan, Uzbekistan considers mutual trade statistics

    Turkmenistan, Uzbekistan considers mutual trade statistics

    Experts from Turkmenistan and Uzbekistan Customs Services in Bukhara compared statistical data on mutual trade for the past year and identified methodological reasons for discrepancies in calculations.

    According to the State Customs Service of Turkmenistan, this is due to the inclusion of data related to the same transaction in different time periods.

    In addition, shipments of Uzbek or Turkmen goods from the territory of other countries are accounted for in imports by country of origin. It was also found that different classification codes are used for customs declaration of goods, and the approaches to determining the value of goods are also different.

     

    For Turkmenistan, the border with Uzbekistan is the longest among neighbouring countries at about 1,700 km. In recent years, Uzbekistan has switched to buying energy directly from Turkmenistan, and cross-border trade has intensified.

    Last year, trade between the countries reached $926.3mn, five times more than in 2017. According to the State Statistics Committee of Uzbekistan, Turkmenistan ranked 10th among the top twenty partner countries in exports of goods and 7th in imports of goods.

    From January to April 2023, mutual trade between Uzbekistan and Turkmenistan reached $312.6mn, up 1.6% from a year earlier.

    Credits: Eziz Boyarov

    29.05.2023, 18:00   Comments (0)   1789
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