Arzuw NEWS - Turkmenistan news

The trade turnover between Turkmenistan and the Russian Federation in Q3 2021 exceeded $300 million.

Statistical analysis of the dynamics of Turkmen-Russian trade relations for the 3rd quarter of 2021. 2021 by a scientist of the Turkmen Agricultural University named after Niyazov K.Iljanov was published by

According to the information of the Customs of the Russian Federation, in the third quarter of 2021 there was a positive trend in trade between Turkmenistan and the Russian Federation. Thus, the trade turnover between the countries reached $343,810,230 (+98.75% compared to the second quarter of 2020).

Export volumes of Russian products to Turkmenistan in the analyzed period increased by 118.82% compared to the comparable period of last year, reaching $321,015,336. At the same time, Turkmen imports to Russian partners during the mentioned period amounted to $22,794,894 (-13.27% compared to Q2 2020). As of July-September 2021, Russia's trade balance with Turkmenistan was at $298,220,442, which is 147,65% higher than in the second quarter of 2020.

In the second quarter of this year, Turkmenistan increased its share in Russia's foreign trade turnover to 0.1649% and thus rose from 72nd to 66th position. As for Turkmenistan's share in Russian exports, Turkmenistan moved up to 56th position with 0.2407% in Q3 of this year compared to 61st position in Q3 2020. 2020. The indicator was equal to 0.1865% then.

Russia's imports of Turkmen goods in terms of share decreased slightly, from 0.0454% (Q3 2020) to 0.0304% (Q3 2021), which caused Turkmenistan to drop from 80th to 86th position.



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