Turkmen Commodity Exchange Records Nearly $200 Million Trades in September

Nurmyrat Mommayev
Turkmen Commodity Exchange Records Nearly $200 Million Trades in September
Aviation maintenance crew refueling the ANA Airlines aircraft in Japan (Photo: ANA)

Trading operations carried out at the the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) in September showed a significant growth compared to the previous months. The total amount of transactions executed at the exchange exceeded $199.23 million mark. This important indicator shows the strength of Turkmenistan's economy and its strong position in international trade.

Petrochemical and textile products led among the most traded groups of goods at the SCRMET in September. The traded petrochemical products include TC-1 aviation kerosene, hydrotreated diesel fuel, technical paraffin KT-2, low-sulphur fuel oil and liquefied gas. Total sales for these goods exceeded $138.59 million. Total sales of textile products neared $19.3 million.

Petrochemical products are leading in exports

Petrochemical products are one of the key components of Turkmenistan's exports and are important for the country's economy. September saw a significant increase in petrochemical sales on the exchange, exceeding 20 percent compared to previous months.

Textile products remain competitive

Textile products are a significant commodity group in Turkmenistan's exports. In September, there was an increase in exchange sales of textile products, exceeding 10 percent compared to previous months.

Turkmenistan's trade will see growth

The volume of transactions carried out at the exchange in September marks a significant increase compared to previous months. This positive trend indicates the rapid development of trade in Turkmenistan and the gradual strengthening of the country's position in the field of international trade.

Turkmenistan is actively working to maintain and develop its stable position in the field of international trade. With its favourable geostrategic location and rich natural resources, the country expects trade volumes to grow in the future.

September was one of the most productive months in trading activity at the Turkmen State Commodity Exchange. The variety of commodities, including petrochemicals and textiles, reflects the country's economic diversity, industrial production potential and strong position in international trade. The high volume of trade is indicative of Turkmenistan's continued economic development and the expansion of its trade opportunities in the future.

Nurmyrat Mommayev,

PhD Candidate at Marmara University's Department of Political Science and International Relations in Istanbul, Turkey

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2022