Turkmenistan's Trade With Armenia Reaches $10.1 Million in Jan-Jul

Turkmenistan's Trade With Armenia Reaches $10.1 Million in Jan-Jul

The trade turnover between Turkmenistan and Armenia in the first seven months of 2022 amounted to $10.1 million, which is close to the trade turnover volume of whole last year, Ambassador of Armenia to Turkmenistan, Ruben Kharazyan announced in his article published in the Neytralnyi Turkmenistan newspaper on Monday.

The trade turnover between the countries was $14.2 million in 2021, which is almost three times higher than in 2020, the envoy added.

Focusing on 2021 trade figures, Kharazyan said exports from Armenia to Turkmenistan amounted to $8.1 million, while imports by country of origin were $6.1 million and by country of consignment $3.4 million.

In his article, the Armenian Ambassador also stated that Armenia and Turkmenistan are set to further expand economic ties, including in new promising directions.

"In order to develop bilateral trade, work has been underway over the past two years to open trading houses in Yerevan and Ashgabat.The opening of trading houses will boost bilateral trade and economic relations and allow greater presence of goods produced in Armenia and Turkmenistan in the markets of our countries,” Ruben Kharazyan stated, adding that, “In this regard, I would like to stress the importance of resuming direct flights between Yerevan and Ashgabat in the context of tourism development and increase in trade turnover between the two countries."

He said the 30th anniversary of the establishment of diplomatic relations will give a new impetus to the development of cooperation between the two countries, intensification of interstate cooperation and realization of the existing potential in various fields of bilateral cooperation.

Diplomatic relations between the countries were established in 1992.

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