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2023
Flag → Flag
Exports $6.44MRnk 118 / 201
2023
Flag → Flag
Top Product $3.6MPackaged Medicaments
2023
Flag → Flag
Exports $4.09kRnk 76 / 99
2023
Flag → Flag
Top Product $3.02kBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
 GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
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GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

Hungary-Turkmenistan Trade: In 2023, Hungary exported $6.44M to Turkmenistan. The main products that Hungary exported to Turkmenistan were Packaged Medicaments ($3.6M), Textiles for technical uses ($873k), and Dental Products ($447k). Over the past 5 years the exports of Hungary to Turkmenistan have decreased at an annualized rate of 14.9%, from $14.4M in 2018 to $6.44M in 2023.

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

Turkmenistan-Hungary Trade: In 2023, Turkmenistan exported $4.09k to Hungary. The main products that Turkmenistan exported to Hungary were Broadcasting Equipment ($3.02k), Computers ($1.06k), and Trunks and Cases ($4). Over the past 5 years the exports of Turkmenistan to Hungary have decreased at an annualized rate of 38.6%,  from $47.1k in 2018 to $4.09k in 2023.

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

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hungary exported $6.44M to Turkmenistan. The main products exported from Hungary to Turkmenistan were Packaged Medicaments ($3.6M), Textiles for technical uses ($873k), and Dental Products ($447k). During the last 5 years the exports of Hungary to Turkmenistan have decreased at an annualized rate of 14.9%, from $14.4M in 2018 to $6.44M in 2023.

In 2018, Turkmenistan exported $4.09k to Hungary. The main products exported from Turkmenistan to Hungary were Broadcasting Equipment ($3.02k), Computers ($1.06k), and Trunks and Cases ($4). During the last 5 years the exports of Turkmenistan to Hungary have decreased at an annualized rate of 38.6%, from $47.1k in 2023 to $4.09k in 2018.

Exports from Hungary (Flag) to Turkmenistan (Flag) (2023)

Exports from Turkmenistan (Flag) to Hungary (Flag) (2023)

Latest Data

Trade between Hungary (Flag) and Turkmenistan (Flag)

Hungary Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Turkmenistan
Top DestinationChina$9.63B

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

In 2023, countries that imported more from Hungary than Turkmenistan included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Difference in imports from Turkmenistan (Flag) and Hungary (Flag) (2023)

Comparative Advantage Hungary - Turkmenistan

Flow
Scale

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

During 2023, Hungary had a large net trade with Turkmenistan in the exports of Chemical Products ($4.25M), Textiles ($882k), and Animal Products ($294k).

During 2018, Turkmenistan had a large net trade with Hungary in the exports of Machines ($4.09k) and Animal Hides ($4).

Economic Complexity

Competitive Landscape

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

Product Space of Hungary (Flag) and Turkmenistan (Flag) (2023)

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