An agreement on Trade and Economic Cooperation between the two countries was signed during the visit of the former Prime Minister of Pakistan to Turkmenistan on 26 October 1994. The bilateral trade between the two sides does not measure up to the existing potential as is evident from the figures given below:
|
Pakistan’s Bilateral Trade with Turkmenistan US $ million |
|
||||
|
Years |
Exports |
Imports |
Total Trade |
Trade Balance |
|
|
2013-14 |
1.83 |
16.39 |
18.23 |
-14.56 |
|
|
2014-15 |
11.77 |
13.37 |
25.14 |
-1.60 |
|
|
2015-16 |
3.78 |
19.52 |
23.30 |
-15.74 |
|
|
2016-17 |
3.34 |
22.77 |
26.10 |
-19.43 |
|
|
2017-18 |
2.24 |
23.19 |
25.43 |
-20.95 |
|
|
2018-19 |
1.70 |
9.53 |
11.23 |
-7.82 |
|
|
2019-20 |
2.07 |
3.95 |
6.02 |
-1.88 |
|
|
2020-21 |
3.46 |
7.59 |
11.05 |
-4.12 |
|
|
2021-22 |
1.66 |
10.54 |
12.2 |
-8.88 |
|
|
2022-23 |
2.234 |
6.17 |
8.404 |
-3.936 |
|
Major Export Items to Turkmenistan:
Major Import Items from Turkmenistan:
Chemical Materials and Products