Arzuw NEWS - Turkmenistan news

Turkmenistan's share in Azerbaijan's total imports increased

Due to the global pandemic and its impact on the macro economy, the volume of Azerbaijani exports to Turkmenistan in the first half of 2020 decreased by almost 18%, compared to the same period last year. So, from January to June this year, Turkmenistan imported Azerbaijani products for $ $9.5 million, while last year in this period, this figure amounted to $11.2 million, Trend reports with reference to the State Customs Committee of Azerbaijan.

Despite the drop in total volume, Turkmenistan's share in Azerbaijan's total exports increased from 0.11% to 0.12%.

The volume of imports of Turkmen goods to Azerbaijan also decreased by %8.3 amounting to just over $49 million U.S. dollars. At the same time, the share of imports of products from Turkmenistan to Azerbaijan increased from %0.76 to %0.98 of total imports.

Thus, the total trade turnover between Turkmenistan and Azerbaijan in the first half of this year, amounted to $58.634 million US dollars, which is lower by %9.8 than in the same period of 2019.

 

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