Last week, 28 transactions were concluded on the State Commodity and Raw Materials Exchange of Turkmenistan, covering products from the oil and gas and light industries. The foreign trade segment saw active purchases of base oil by businesses from China and Uzbekistan, according to the IIC.

Exports also included building materials and textiles. Buyers from China, the UAE, Turkey, Kyrgyzstan and Uzbekistan purchased Portland cement, denim clothing, cotton yarn and wheat flour. The total value of foreign exchange contracts exceeded $20 million, indicating stable external demand.

On the domestic market, Turkmen enterprises purchased technical sulphur, polypropylene, road bitumen, as well as raw silk and cotton fibre. The volume of investment by domestic businesses amounted to over 529.8 million manats.