GTSBT: Scope of Export and Domestic Transactions Expanded Following Weekly Trading Results
Last week, trading at the State Commodity and Raw Materials Exchange of Turkmenistan was highly active, with a total of 17 transactions registered. The bulk of the deals consisted of products from the country's oil, gas, and textile industries.
International market representatives continue to show great interest in Turkmenistan's products. Businessmen from the United Arab Emirates and Georgia purchased base oil produced at the enterprises of the "Turkmennebit" State Concern.
Furthermore, entrepreneurs from Turkey, the UAE, and Switzerland purchased the following products using foreign currency:
- Semi-finished mitkal fabric and cotton yarn;
- Cotton fiber and textile waste;
- Wheat flour and Portland cement.
The total value of these transactions concluded with foreign partners amounted to 11 million 375 thousand US dollars.
Domestic Market Activity Representatives of our country's private sector also actively participated in the exchange auctions, purchasing raw materials and finished goods necessary for the domestic market. Local entrepreneurs acquired base oil produced by the "Turkmennebit" State Concern, various types of polypropylene film (including metallized), cotton fiber, and textile waste.
The total value of transactions concluded by Turkmen businessmen exceeded 145 million 420 thousand manats.
These indicators once again confirmed the stable growth of Turkmenistan's export potential and the increase in production capacities within the domestic market.
