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Pricing

2022
Flag → Flag
Exports $27.5MRnk 143 / 222
2022
Flag → Flag
Top Product $20MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $1.98MRnk 39 / 95
2022
Flag → Flag
Top Product $1.02MRaw Cotton
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belgium-Turkmenistan Trade: In 2022, Belgium exported $27.5M to Turkmenistan. The main products that Belgium exported to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($20M), Chlorides ($1.78M), and Packaged Medicaments ($1.02M). Over the past 5 years the exports of Belgium to Turkmenistan have increased at an annualized rate of 27.9%, from $8.06M in 2017 to $27.5M in 2022.

In 2022, Belgium did not export any services to Turkmenistan.

Turkmenistan-Belgium Trade: In 2022, Turkmenistan exported $1.98M to Belgium. The main products that Turkmenistan exported to Belgium were Raw Cotton ($1.02M), Carbon ($803k), and Wool ($79.7k). Over the past 5 years the exports of Turkmenistan to Belgium have increased at an annualized rate of 43.4%,  from $326k in 2017 to $1.98M in 2022.

In 2022, Turkmenistan did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €2.72M and imported €11.8k from Turkmenistan, resulting in a positive trade balance of €2.71M. Between July 2023 and July 2024 the exports of Belgium have increased by €2.05M (307%) from €669k to €2.72M, while imports decreased by €-138k (-92.1%) from €149k to €11.8k.

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

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€2.05M(307%)
IMPORT GROWTH (July 2023 - July 2024)€-138k(-92.1%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Turkmenistan and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkmenistan and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $27.5M to Turkmenistan. The main products exported from Belgium to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($20M), Chlorides ($1.78M), and Packaged Medicaments ($1.02M). During the last 5 years the exports of Belgium to Turkmenistan have increased at an annualized rate of 27.9%, from $8.06M in 2017 to $27.5M in 2022.

In 2017, Turkmenistan exported $1.98M to Belgium. The main products exported from Turkmenistan to Belgium were Raw Cotton ($1.02M), Carbon ($803k), and Wool ($79.7k). During the last 5 years the exports of Turkmenistan to Belgium have increased at an annualized rate of 43.4%, from $326k in 2022 to $1.98M in 2017.

Exports from Belgium (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Turkmenistan
Top DestinationChina$8.88B

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 2022, countries that imported more from Belgium than Turkmenistan included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Turkmenistan than Belgium included China ($8.88B), Uzbekistan ($664M), and Azerbaijan ($460M).

Difference in imports from Turkmenistan (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Turkmenistan

Flow
Scale

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

During 2022, Belgium had a large net trade with Turkmenistan in the exports of Chemical Products ($25M), Machines ($1.17M), and Instruments ($394k).

During 2017, Turkmenistan had a large net trade with Belgium in the exports of Textiles ($1.13M), Chemical Products ($803k), and Plastics and Rubbers ($32k).

Economic Complexity

Competitive Landscape

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.

Product Space of Belgium (Flag) and Turkmenistan (Flag) (2022)

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