Russia doubles agricultural exports to Turkmenistan in 2020

Published 2021년 3월 24일

Tridge summary

In 2020, Russia's agricultural exports to Turkmenistan increased by 2.8 times to 219 thousand tons, valued at $142 million, with sunflower oil being the leading export. The supply of confectionery products, potatoes, and margarine also saw an increase. Despite a 9.5% decrease in the first two months of 2021, the value of exports increased by 5.3%. Turkmenistan's agricultural exports to Russia in 2019 were estimated at $59 million, with the main exports being tomatoes, juice, and licorice extract, while the country imported food products worth $382 million, primarily from Russia. The potential annual agricultural exports from Russia to Turkmenistan by 2024 is estimated at $150 million.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the FCS, in 2020 Russia supplied 219 thousand tons of agricultural products to Turkmenistan, which is 2.8 times more than in 2019. In value terms, exports increased by 92% to 142 million dollars. In 2020, the leading position of Russian agricultural exports to Turkmenistan was sunflower oil. Its shipments increased in physical volume 2.6 times to 38 thousand tons, in money - 2.9 times to 37 million dollars. There was an increase in the supply of bottled sunflower oil, says Mikhail Maltsev, executive director of the Oil and Fat Union of Russia. “During the pandemic, in general, there was an increase in purchases of vegetable oil. Last year, Turkmen trading companies expressed interest in supplying Russian sunflower oil on an ongoing basis, and many of our oil and fat enterprises responded to this proposal, "Maltsev commented to Agroexport. The supply of confectionery products showed an increase of 11% to 5.2 thousand tons in physical terms and by 4.8% to $ 11 million ...

Source: Aemcx