Turkmenistan and Kazakhstan forge stronger trade ties with rising turnover

The trade volume between Turkmenistan and Kazakhstan for the whole of last year amounted to $563.06 million, Trend reports.

According to data from Kazakhstan's Bureau of National Statistics, the volume of trade turnover between the countries increased by 28 percent over the specified period compared to the same period in 2022, when it amounted to $438.69 million.

During this period, Turkmenistan's exports to Kazakhstan amounted to $165.88 million, marking a 68 percent increase compared to the same period in 2022, when they stood at $98.33 million.

Turkmenistan's share in Kazakhstan's total imports during the reporting period was 0.3 percent, compared with 0.2 percent for the whole of 2022.

At the same time, Turkmenistan increased imports from Kazakhstan by almost 17 percent for the whole of 2023 compared to the same period in 2022 (from $340.35 million to $397.17 million).

Turkmenistan accounted for 0.5 percent of total exports from Kazakhstan, compared with 0.04 percent recorded in 2022.

Meanwhile, Kazakhstan's trade turnover for the whole of last year amounted to $139.83 billion, which is almost 3.2 percent more than in the same period of 2022, when it amounted to $135.52 billion