Turkmenistan continues to increase exports despite the pandemic

Turkmenistan continues to increase exports despite the pandemic

Despite the raging coronavirus pandemic in the world, Turkmenistan continues to steadily increase exports, according to data from the State Statistics Committee.

In January-July 2020, the supplies value of products manufactured in the country, net of gas and oil, increased by 8% compared to the same period of last year.

This was facilitated in many respects by an increase in the number of processing industries, the improvement of quality and the foreign advertising of the Turkmen products.

A significant growth was observed in the exports of sulfur (43.3%), mineral fertilizers (73.4%), raw silk (33.7%), and iodine (27%). These products were manufactured at high-tech industrial enterprises of the country and attracted foreign buyers with the price-quality ratio.

Over 7 months of this year, Turkmenistan has significantly increased the exports of clothing and finished textile products, which have increased by 23.1% compared to the same period of last year.

This was one of the results of implementing the initiative to process all of the cotton harvest grown in the country, put forward at the first meeting of the People’s Council of Turkmenistan in 2018. Since then, textile enterprises have significantly expanded the range of products and, as we can see today, they have begun to establish supplies abroad.

During the reporting period, Turkmenistan has also increased the exports of soaps and detergents produced by the private sector. Deliveries increased by 43% compared to January-July in 2019, thus demonstrating the enhanced potential of Turkmen entrepreneurs.

Thanks to the high rates of industrialization and the opening of new processing enterprises, Turkmenistan has managed to maintain a stable growth in the supplies of domestic products.

Jennet OVEZOVA

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