Türkiye-Tajikistan Economic and Trade Relations, 19.11.2024
Türkiye-Tajikistan Economic and Trade Relations
Türkiye’s exports to Tajikistan increased by approximately 4.6% compared to the previous year and reached 407 million dollars in 2023. Our imports from Tajikistan in 2023 decreased by 28.2% compared to the previous year and amounted to 123 million dollars. The trade volume in 2023 decreased by 5% compared to the previous year and reached 530 million dollars.
The main products Türkiye exports to Tajikistan are; clothing and accessories (20.9%), textile products (9.8%), electrical machinery (7.2%), manufactured goods (6.7%) and general industrial machinery and equipments (4.7%). The main products we import are listed as; unprocessed aluminum (43.8%), cotton (36.4%), cotton yarn (6.1%), vegetables-fruits (5.2%) and leather-cowhide leather (4.6%).
Based on 2023 data, 91.7% of the products exported from Türkiye to Tajikistan were transported by road, 6.5% by air and 1.4% by sea. In 2023, 88% of the products imported from Tajikistan were transported by road and 11% by sea.
Although Tajikistan is making progress in issues such as ensuring macroeconomic stability, transition to a market economy, privatization, constitutional reforms, and taking important steps towards developing the private sector and investment environment, it has not yet reached the point where international companies are willing to invest. Türkiye-Tajikistan Mutual Promotion and Protection of Investments Agreement (YKTK) was signed on 06.05.1996 and entered into force on 24.07.1998. In order to improve our bilateral trade and investment environment, the agreement to amend the YKTK Agreement was signed in Ankara within the framework of the 12th Joint Economic Commission Meeting.
The international direct investment coming from Tajikistan to Türkiye between 2002 and 2023, reflected in The Central Bank of the Republic of Türkiye (TCMB) Balance of Payments, is at the level of 10 million dollars. According to the data of the Ministry of Industry and Technology, 78 companies with Tajik capital are operating in Türkiye. According to TCMB statistics between 2002 and 2023, the amount of investments from Türkiye to Tajikistan is 31 million dollars. Turkish companies are especially interested in projects in Tajikistan that are financed by foreign financial institutions and whose tenders are conducted at international standards.
The building stock and transportation infrastructure throughout the country offer many job and project opportunities in Tajikistan to the Turkish contracting sector. Due to the limited resources in the contracting sector in Tajikistan and the inability to allocate sufficient resources to this sector from the budget, especially infrastructure investments are supported and financed by international financial institutions such as the Islamic Development Bank, the World Bank and the Kuwait Fund rather than by state. The main customer of the contracting sector is the government and the state provides financing through the budget, foreign loans and grants. Contracting sector projects are managed by the state. Turkish contracting companies have undertaken 52 projects worth 659 million Dollars in Tajikistan to date.
There are currently 18 banks, 112 credit institutions, 38 microcredit deposit companies, 22 microcredit institutions and 34 microcredit funds in Tajikistan. Two foreign banks operate in the banking sector of Tajikistan, National Bank of Pakistan and Accessbank. Tajik banks conduct transactions with banks in Türkiye through Dubai, Kazakhstan, Uzbekistan, Chinese and European banks.
Before coming to Tajikistan, Turkish citizens holding ordinary passports must apply to the nearest Tajikistan diplomatic mission along with other required documents after making a preliminary application for the visa type suitable for their travel purpose at www.visa.gov.tj. Tajikistan has an Embassy in Ankara and a Consulate General in Istanbul in Türkiye.
THY and Somon Air have both been operating Istanbul-Dushanbe flights three times a week since 2014. THY flights arrive in Dushanbe at around 01.00 in the morning on Saturdays, Mondays and Thursdays every week and depart for Istanbul at 03.00 in the morning on the same day. THY currently does not have cargo flights.
You can obtain more detailed information about Türkiye-Tajikistan economic and commercial relations through the Office of Commercial Counselor, Embassy of the Republic of Türkiye in Dushanbe: Tel:+992 (37) 221 16 09, e-mail: dusanbe@ticaret.gov.tr
Monday - Friday
09:00 - 13:00 / 14:00 - 17:00
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