SCRMET Records December Surge, Exceeding $155 Million in Export Transactions

BUSINESS TURKMENISTAN
SCRMET Records December Surge, Exceeding $155 Million in Export Transactions
Business representatives hand in their documents at the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET), Ashgabat, Turkmenistan.

In a dynamic showcase of economic vitality, the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) witnessed a remarkable surge in December, with export transactions surpassing $155 million. This report delves into pivotal deals influencing the country's economic landscape.

Polypropylene TPP D30 S:

December witnessed the sale of 2,100 tonnes of TPP D30 S polypropylene, a key product on the SCRMET, amounting to $2.1 billion. This underscores a consistent demand for polypropylene, reflecting robust activity in the plastics industry across various sectors like packaging, automotive, and consumer products.

TS-1 Aviation Kerosene:

An impressive volume of 3 thousand tonnes of TS-1 Aviation Kerosene was sold for $2.4 million, signaling a thriving aviation industry and escalating demand for aviation fuel. This surge in sales may mirror the growth in air transportation, both domestically and internationally.

Urea "B" Grade:

A substantial transaction involved the sale of 163,500 tonnes of urea "B" grade, generating $36.4 million. Urea, a vital fertilizer in agriculture, indicates vibrancy in the agricultural sector, possibly linked to increased agricultural production and fertilizer demand.

Diesel Fuel and Kerosene:

December transactions included 20,000 tonnes of diesel fuel amounting to $14 million and 25,000 tons of kerosene for $14 million. Elevated sales highlight demand in the transportation sector, suggesting growth in transportation infrastructure and automotive activity.

Base Oil SN 180:

1,000 tonnes of base oil SN 180 were sold for $750,000, reflecting potential activity in the automotive and industrial sectors, where this oil is commonly used for lubricant production.

Automotive Gasoline ECO-93:

A significant volume of 100,000 tonnes of Automotive Gasoline ECO-93 was sold for $71.9 million, indicating strong demand for automotive fuel and vibrant activity in the automotive and transportation sectors.

Textiles:

The textile sector contributed to the exchange's vitality, with textile goods fetching a total of $12.6 billion. This signals a keen interest and demand for textile products on both domestic and international fronts.

The buoyant trading activity on the State Commodity and Raw Materials Exchange of Turkmenistan throughout December mirrors the diversity and vibrancy across various economic sectors. The escalating trading volumes signify a growing demand for polymer materials, fuel, fertilizers, and textiles, reflecting the development of key industries such as manufacturing, agriculture, and transportation in Turkmenistan's thriving economy. The robust trading on the exchange market stands as a positive indicator, contributing to economic growth and attracting investments to the country.

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2022