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tajikistan exports

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In 2004, exports were worth US$736 million and imports, US$958 billion, creating a trade deficit of US$222 million. In 2006 the average wage was US$27 per month. Only an estimated 10% of the capital in Tajikistan moves through the banking system, and small businesses rarely borrow from banks. Twitter As of 2006, Turkey tentatively planned to invest in a luxury hotel and a cotton processing plant. [19], 3% of Tajikistan is forested, mainly at elevations between 1,000 and 3,000 meters. In the early 2000s, the major crops were cotton (which occupied one-third of arable land in 2004 but decreased after that date), cereals (mainly wheat), potatoes, vegetables (mainly onions and tomatoes), fruits, and rice. In May 2009 remittances to Tajiks had fallen to $525 million, a 34% decline from the previous year. Online Store That plant was scheduled for possible sale to Rusal in 2007. The top product import tariffs by their MFN Ad Valorem value for Tajikistan are Ice, snow and potable water not sweetened or flavoure (74.4%) and Ethyl alcohol and other spirits, denatured (43.5%).. Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country. As part of bilateral market access negotiations, Tajikistan agreed to lower tariffs on cooking equipment, refrigerators, ovens and water heaters in discussions to gain Thailand's backing. The Tajikistani economy has been gravely weakened by six years of civil conflict and loss of markets for its products. [19] Tajikistan’s only major heavy industries are aluminum processing and chemical production. Exports in Tajikistan increased to 56 USD Million in June from 40.30 USD Million in May of 2020. The following table shows the main economic indicators in 1997–2017.[18]. [19], Tajikistan has rich deposits of gold, silver, and antimony. Imports in Tajikistan increased to 230.80 USD Million in June from 195.40 USD Million in May of 2020. LinkedIn [28][29][30] Besides hydropower, other energy resources include sizable coal deposits and smaller reserves of natural gas and petroleum. Tajikistan’s Top 10 Exports. Tajikistan thus depends on international humanitarian assistance for much of its basic subsistence needs. Wood production is negligible, but local inhabitants harvest non-wood forest products. Exports in Tajikistan averaged 89.08 USD Million from 2000 until 2020, reaching an all time high of 353.50 USD Million in April of 2020 and a record low of 35.10 USD Million in October of 2014. The following export product groups represent the highest dollar value in Tajikistani global shipments during 2019. The economy of Tajikistan is dependent upon agriculture and services. The system includes 16 commercial banks and the central bank, or National Bank. Since independence, Tajikistan has gradually followed the path of transition economy, reforming its economic policies. The deficit increased again in 2005, to US$339 million, mainly because cotton exports decreased and domestic demand for goods increased. Improved fiscal discipline by the Government of Tajikistan has supported the return to positive economic growth. Driven by high unemployment, in 2006 an estimated 700,000 workers found seasonal or permanent employment in Russia and other countries. In 2006 an estimated one-third of Tajikistan’s 700 major industrial enterprises were completely idle, and the remainder were operating at 20 or 25% of capacity. Tajikistan's informal employment sector has been reported to use both child labor and forced labor in the country's cotton industry according to the U.S. Department of Labor's List of Goods Produced by Child Labor or Forced Labor. Cotton accounts for 60 percent of agricultural output, supports 75 percent of the rural population, and uses 45 percent of irrigated arable land. [19], Tajikistan joined the World Trade Organization (WTO) on 2 March 2013, becoming the 159th country to join the organization. The expansion of light industry output contributed significantly to GDP growth in 2005. Tajik exports are comprised mainly of aluminum, agricultural goods, and light industry. In 2005 revenues totaled US$442 million (aided by improvements in tax collection), and expenditures were US$542 million, a deficit of US$100 million. Tajikistan's economy also incorporates a massive black market, primarily focused on the drug trade with Afghanistan, and heroin trafficking in Tajikistan is estimated to be equivalent 30-50% of national GDP as of 2012. An internationally assisted restructuring program was completed in 2003. No forest region is classified as commercially usable; most are under state protection. The gross domestic product (GDP) of Tajikistan expanded at an average rate of 9.6% over the period of 2000-2007 according to the World Bank data. The rivers of Tajikistan, such as the Vakhsh and the Panj, have great hydropower potential, and the government has focused on attracting investment for projects for internal use and electricity exports. ), aluminum, electricity, cotton, fruits, vegetable oil, textiles, petroleum products, aluminum oxide, machinery and equipment, foodstuffs, Officially the Republic of China, participates as ", This page was last edited on 18 October 2020, at 06:25. Per capita GDP in 2005 was US$258, lowest among the 15 countries of the former Soviet Union. This improved Tajikistan's position among other Central Asian countries (namely Turkmenistan and Uzbekistan), which have degraded economically ever since. In Tajikistan, aluminium and cotton account for over 75 percent of exports. This article incorporates public domain material from the CIA World Factbook website https://www.cia.gov/library/publications/the-world-factbook/index.html. For purchasing power parity comparisons, the US Dollar is exchanged at 0.82 Somoni only. The General Council approved the accession on 10 December 2012. [34] The Tajik Committee on Tourism Development responded to this accolade by stating that "the inclusion of Tajikistan in the British Backpacker Society’s top 20 adventure travel destinations testifies the development of tourism in [the] country."[35]. Remittances from expatriate Tajikistanis is estimated to account for 30-50% of Tajikistan's GDP. Publish your articles and forecasts in our website.

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