Turkmenistan

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Coat of arms: retains some components of the Soviet one such as cotton, wheat and rug. The eight-point green starburst, a symbol of Islam, to which a majority of Turkmen profess) with golden edges features in its center a red circular disc which carries sheaves of wheat, five carpet guls, and centered upon that a smaller blue circle with a lifelike (rather than heraldized) depiction of former President Saparmurat Niyazov's pet Akhal-Teke horse Yanardag, a source of pride for the Turkmen people. 

Flag: features a white crescent (symbol of Islam) and five stars representing the five regions of the country. Placed upon a green field is a symbolic representation of the country's famous carpet industry.

It features a green field with a vertical red stripe near the hoist side, containing five carpet guls (designs used in producing rugs) stacked above two crossed olive branches similar to those on the flag of the United Nations; a white waxing crescent moon, typical of Turkic and Islamic symbology, and five white five-pointed stars appear in the upper corner of the field just to the fly side of the red stripe.

 
  • Anthem: «State Anthem of Turkmenistan» was adopted as the national anthem of Turkmenistan in 1996, then again with modified lyrics in 2008.
  • Official languages: Turkmen.
  • Geographical location: it is a country in Central Asia, bordered by Kazakhstan to the northwest, Uzbekistan to the north and east, Afghanistan to the southeast, Iran to the south and southwest, and the Caspian Sea to the west.
  • Administrative divisions: Turkmenistan is divided into five provinces and one capital city district.
  • Capital: Ashgabat.
  • Governance: the politics of Turkmenistan take place in the framework of a presidential republic, with the President both head of state and head of government.
  • Population: 5.5 million.
  • Currency: Turkmen new manat.
  • GDP: $29.7 billion.
  • Time zone: GMT +5. 
  • Telephone code: +993.
  • Barcode: 483.
 

 

Trade and economic cooperation between Belarus and Turkmenistan

Turkmenistan's GDP in 2018 amounted to $44.9 billion (an increase of 6.2% compared to 2017).

The key sector of the economy is the oil and gas complex, which determines the overall economic situation in the country. Over the years, the country's prosperity has been based on revenues from the export of hydrocarbons, which occupy about 90% of total Turkmen exports.

Turkmenistan's economic performance:

  • Trade turnover — $26.2 billion;
  • Exports — $12.1 billion; 
  • Imports — $14.1 billion;
  • Balance of trade — - $2 billion (negative).

Turkmenistan's most valuable export products:

  • Petroleum gases (79,3%);
  • Processed petroleum oils (10.1%);
  • Cotton (2.7%);
  • Gold (2.3%);
  • Cotton yarn (1.5%); 
  • Polypropylene (0.9%);
  • Crude oil (0.6%).

Turkmenistan's most valuable import products:

  • Floating drilling or production platforms (4.6%);
  • Tubes, pipes and hollow profiles of iron or steel (4.4%);
  • Rods of iron or non-alloy steel (2.9%);
  • Trucks (2.6%);
  • Structures of iron or steel (2.6%);
  • Insulated wire and cables (2.2%);
  • Valves for pipes (2%);
  • Electric generating sets (2%);
  • Special purpose vehicles (1.7%);
  • Cabinets and bases with apparatus (1.6%);
  • Transformers (1.5%);
  • Bulldozers, graders, excavators (1.4%);
  • Purifying machinery and apparatus for liquids and gases (1.3%);
  • Telephone sets (1.3%);
  • Medicaments (1.3%);
  • Pumps for liquids (1.3%);
  • Furniture (1.2%).

Trade and economic relations with Turkmenistan are characterized by a stable positive balance for Belarus.

After reaching a record high in 2013 (export of goods and services — $440 million US dollars), in recent years there has been a tendency to reduce mutual trade.

Dynamics of bilateral trade of the Republic of Belarus with Turkmenistan (thousand US dollars)

 

January — December 2017

January — December 2018

Growth rate, %

Turnover

65093.8

32202.2

49.4

Export

61403.4

27595.1

44.9

Import

3690.4

4607.1

124.8

Surplus

57713.0

22988.0

 

A new trend is the excess of the share of services over the share of goods in total exports to Turkmenistan (52.5 and 47.5%, respectively).

A significant potential for bilateral cooperation is seen in agriculture, healthcare, education, in the field of science and new technologies, in the IT sphere. One of the strategic and promising areas of trade cooperation is the supply of Belarusian elevators for facilities under construction in Turkmenistan and as part of a program to replace expired elevator equipment, as well as freight vehicles.

The main promising areas for increasing Belarusian exports to Turkmenistan are:

  • expansion of the dealer network of machine-building enterprises in Turkmenistan, the formation of a cluster of Belarusian equipment manufacturers in Ashgabat (it must be borne in mind that Turkmenistan has practically evaded the conclusion of large «state contracts»);
  • increase in deliveries of a model range of agricultural machinery to Turkmenistan (grain, forage and cotton-harvesting machinery; trailed and mounted agricultural machinery);
  • increasing supplies of elevator equipment in order to equip new housing in the cities of Turkmenistan with elevator equipment, as well as participating in programs for replacing expired elevators with new ones;
  • an increase in the range and increase in the volume of deliveries of the food group of goods (for its entry into the market of Turkmenistan, producers need to continue working to increase the timing of food sales);
  • ensuring increased supplies of medicines to Turkmenistan;
  • supply of equipment and the provision of services in the field of military-technical cooperation;
  • continued interaction with government bodies and banks of Turkmenistan in order to provide software installation services.

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in Turkmenistan, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Turkmenistan for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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