Belgium (BEL) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

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Belgium-Turkmenistan Trade: In 2023, Belgium exported $12.8M to Turkmenistan. The main products that Belgium exported to Turkmenistan were Chlorides ($2.41M), Vaccines, blood, antisera, toxins and cultures ($1.8M), and Excavation Machinery ($1.19M). Over the past 5 years the exports of Belgium to Turkmenistan have increased at an annualized rate of 9.54%, from $8.14M in 2018 to $12.8M in 2023.

In 2023, Belgium did not export any services to Turkmenistan.

Turkmenistan-Belgium Trade: In 2023, Turkmenistan exported $3.49M to Belgium. The main products that Turkmenistan exported to Belgium were Refined Petroleum ($2.28M), Raw Cotton ($833k), and Carbon ($250k). Over the past 5 years the exports of Turkmenistan to Belgium have increased at an annualized rate of 56.8%, from $368k in 2018 to $3.49M in 2023.

In 2023, Turkmenistan did not export any services to Belgium.

Comparison: In 2023, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Latest Trends

October, 2024

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Overview In October 2024, Belgium exported €1.07M and imported €91.3k from Turkmenistan, resulting in a positive trade balance of €979k. Between October 2023 and October 2024 the exports of Belgium have increased by €742k (226%) from €328k to €1.07M, while imports decreased by €-74.4k (-44.9%) from €166k to €91.3k.

Trade In October 2024, the top exports of Belgium to Turkmenistan were Machinery, mechanical appliances, & parts (€788k), Inorganic chemicals (€313k), Cars, tractors, trucks & parts thereof. (€123k), Soap, cleaners, candles, dental, modelling pastes (€53.8k), and Pharmaceutical products (€26.9k). In October 2024 the top imports of Belgium from Turkmenistan were Mineral fuels, mineral oils and products... (€2.11M), Cotton (€47.9k), and Plastics & articles thereof (€44.8k).

Growth In October 2024, the increase in Belgium's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in . In October 2024, the decrease in Belgium's year-by-year imports from Turkmenistan was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Belgium exported $12.8M to Turkmenistan. The main products exported from Belgium to Turkmenistan were Chlorides ($2.41M), Vaccines, blood, antisera, toxins and cultures ($1.8M), and Excavation Machinery ($1.19M). During the last 5 years the exports of Belgium to Turkmenistan have increased at an annualized rate of 9.54%, from $8.14M in 2018 to $12.8M in 2023.

In 2018, Turkmenistan exported $3.49M to Belgium. The main products exported from Turkmenistan to Belgium were Refined Petroleum ($2.28M), Raw Cotton ($833k), and Carbon ($250k). During the last 5 years the exports of Turkmenistan to Belgium have increased at an annualized rate of 56.8%, from $368k in 2023 to $3.49M in 2018.

Exports from Belgium () to Turkmenistan () (2023)

Exports from Turkmenistan () to Belgium () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationFrance$85.6B

Turkmenistan
Top DestinationChina$9.63B

This map shows whether countries import more from Belgium or Turkmenistan. Each country is colored based on the difference in imports they receive from Belgium and Turkmenistan or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Turkmenistan included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Turkmenistan than Belgium included China ($9.63B), Uzbekistan ($950M), and Azerbaijan ($687M).

Difference in imports from Turkmenistan () and Belgium () (2023)

Comparative Advantage Belgium - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Belgium and Turkmenistan by product, considering products traded by both, Belgium and Turkmenistan.

During 2023, Belgium had a large net trade with Turkmenistan in the exports of Chemical Products ($6.51M), Machines ($3.1M), and Plastics and Rubbers ($1.41M).

During 2018, Turkmenistan had a large net trade with Belgium in the exports of Mineral Products ($2.28M), Textiles ($894k), and Chemical Products ($250k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Belgium and Turkmenistan. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Belgium.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Turkmenistan () (2023)

Exports from Turkmenistan () to Belgium () (2023)

Market Competitiveness

Difference in imports from Turkmenistan () and Belgium () (2023)

Comparative Advantage Belgium - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Turkmenistan () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Turkmenistan () (2023)

Exports from Turkmenistan () to Belgium () (2023)

Market Competitiveness

Difference in imports from Turkmenistan () and Belgium () (2023)

Comparative Advantage Belgium - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Turkmenistan () (2023)

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