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Reduction in sale of precious stones leads in Tajikistan’s export slump

tajikistan

By Kuban Abdymen

DUSHANBE: The export of Tajik goods and products for the first seven months of 2023 decreased by 43.6% compared to the same period in 2022, Asiaplus reports, citing the statistical agency of Tajikistan.

During January-July, Tajikistan exported goods and products amounting to $767 million, which is $592 million less than the same period in 2022.

The decline in exports is primarily attributed to the reduction in the sale of precious and semi-precious metals and stones. The sales of this category dropped from $415 million in January-July of the previous year to $649,000 in the current year.

A significant impact on the reduction of exports was also caused by the decrease in the sale of non-precious metals and products made from them (primary aluminum and its products) – from $205 million to $172 million.

Tajikistan also significantly reduced the export of cotton fiber, which is considered one of its two main export commodities, from $133 million to $80 million.

The export of mineral products (electricity, cement, ores and concentrates, coal, and others) decreased by $138 million, and the export of plant-based products (fruits, vegetables, melons, and others) decreased by $7 million.

Tajikistan’s main export partners for the first seven months of the current year were Kazakhstan (22.6% of the total volume of goods exports), China (20.9%), Turkey (12.4%), Russia (11.7%), and Uzbekistan (11.2%).

On the contrary, the import of goods increased by 16%, from $2.8 billion to $3.2 billion.

The main commodity groups in the country’s import structure were mineral products (petroleum products, liquefied gas, coal, and others) (17.1%), machinery and equipment (13.7%), and non-precious metals and products made from them (10%).

The main suppliers of goods and products to the republic remain Russia (28.2%), China (20.6%), and Kazakhstan (14.7%).

Overall, Tajikistan’s foreign trade turnover for the first seven months of this year amounted to about $4 billion, which is 3.5% (or $146 million) less compared to the same period in 2022. During this period, the country had trade relations with 111 countries worldwide.

Kuban Abdymen

Kyrgyzstan, Former Head of Kyrgyz state news agency Kabar. Ph.D, Moscow State University

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