2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Turkmenistan Trade: In 2022, Spain exported $4.27M to Turkmenistan. The main products that Spain exported to Turkmenistan were Cocoa Powder ($673k), Liquid Pumps ($590k), and Unglazed Ceramics ($536k). Over the past 5 years the exports of Spain to Turkmenistan have decreased at an annualized rate of 11.9%, from $8.06M in 2017 to $4.27M in 2022.

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

Turkmenistan-Spain Trade: In 2022, Turkmenistan exported $6.23M to Spain. The main products that Turkmenistan exported to Spain were Nitrogenous Fertilizers ($3.52M), Ethylene Polymers ($1.82M), and Cast Iron Pipes ($388k). Over the past 5 years the exports of Turkmenistan to Spain have decreased at an annualized rate of 9.45%,  from $12.5M in 2017 to $6.23M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $4.27M to Turkmenistan. The main products exported from Spain to Turkmenistan were Cocoa Powder ($673k), Liquid Pumps ($590k), and Unglazed Ceramics ($536k). During the last 5 years the exports of Spain to Turkmenistan have decreased at an annualized rate of 11.9%, from $8.06M in 2017 to $4.27M in 2022.

In 2017, Turkmenistan exported $6.23M to Spain. The main products exported from Turkmenistan to Spain were Nitrogenous Fertilizers ($3.52M), Ethylene Polymers ($1.82M), and Cast Iron Pipes ($388k). During the last 5 years the exports of Turkmenistan to Spain have decreased at an annualized rate of 9.45%, from $12.5M in 2022 to $6.23M in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Turkmenistan
Top Destination
China$8.88B

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

In 2022, countries that imported more from Spain than Turkmenistan included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Turkmenistan

Flow
Scale

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

During 2022, Spain had a large net trade with Turkmenistan in the exports of Machines ($1.48M), Foodstuffs ($1M), and Stone And Glass ($601k).

During 2017, Turkmenistan had a large net trade with Spain in the exports of Chemical Products ($3.79M), Plastics and Rubbers ($1.86M), and Metals ($388k).

Economic Complexity

Competitive Landscape

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

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

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