Export of Turkmenistan in 2024 will amount to $15.1 billion - forecast

Exports of goods from Turkmenistan in 2024 will amount to about $15.1 billion, and imports - $9.9 billion. The positive balance of the country's foreign trade turnover will reach $5.2 billion, the International Monetary Fund released a report with this forecast.
It is noted that GDP growth in the non-oil sector is expected at the level of 2.3%, and in the oil sector - 1.2%. Daily oil production in the country will remain at around 0.18 million barrels per day.
The IMF forecast indicates that Turkmenistan will continue to actively participate in world trade. The increase in foreign trade turnover indicated in the report is a positive signal for investors who may show interest in investing in the country's economy.
The Turkmen economy is one of the fastest growing in the world: annual GDP growth reaches over 6%. It was recently reported that the Ministry of Finance of Turkmenistan was instructed to develop a draft state budget for 2024.

source: ORIENT news