Exchange Bulletin | Energy and Textiles Lead Weekly Export Portfolio
The past week at the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) was marked by intense activity among foreign business circles. Twenty-nine transactions were registered, covering key economic sectors, from petrochemicals to light industry.
Foreign investors from the UAE, Afghanistan, Georgia, and Uzbekistan traditionally focused on fuel and energy products. Polypropylene and base oil (produced by the Turkmennebit State Concern) and liquefied gas (by the Turkmengaz State Concern) were the focus.
Alongside the raw materials sector, the textile sector also saw rapid growth. Businessmen from the UAE, Kyrgyzstan, and Azerbaijan purchased large quantities of finished goods, from denim to jacquard terry products.
The total value of export transactions denominated in foreign currency exceeded $13,889,000.
Local entrepreneurs also demonstrated high activity, investing in raw materials for their own production. Polypropylene, base oil, and packaging film were purchased for domestic needs. The value of domestic transactions exceeded 26,251,000 manat.
