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2022
Flag → Flag
Exports $87.9MRnk 146 / 217
2022
Flag → Flag
Top Product $30.7MRaw Sugar
2022
Flag → Flag
Exports $90.5MRnk 10 / 95
2022
Flag → Flag
Top Product $64.6MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

India-Turkmenistan Trade: In 2022, India exported $87.9M to Turkmenistan. The main products that India exported to Turkmenistan were Raw Sugar ($30.7M), Packaged Medicaments ($25.2M), and Frozen Bovine Meat ($6.49M). Over the past 5 years the exports of India to Turkmenistan have increased at an annualized rate of 8.09%, from $59.6M in 2017 to $87.9M in 2022.

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

Turkmenistan-India Trade: In 2022, Turkmenistan exported $90.5M to India. The main products that Turkmenistan exported to India were Nitrogenous Fertilizers ($64.6M), Potassic Fertilizers ($17.3M), and Halogens ($6.92M). Over the past 5 years the exports of Turkmenistan to India have increased at an annualized rate of 43.4%,  from $14.9M in 2017 to $90.5M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $3.02M and imported $6.91M from Turkmenistan, resulting in a negative trade balance of $3.89M. Between August 2023 and August 2024 the exports of India have increased by $147k (5.13%) from $2.87M to $3.02M, while imports increased by $6.05M (707%) from $856k to $6.91M.

Trade In August 2024, the top exports of India to Turkmenistan were Drug Formulations, Biologicals ($3.3M), Sugar ($2.13M), Iron And Steel ($423k), Indl. Machnry For Dairy Etc ($261k), and Surgicals ($137k). In August 2024 the top imports of India from Turkmenistan were Processed Minerals ($15.9k) and Other Commodities ($6).

Growth In August 2024, the increase in India's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($1.21M or 57.9%), Sugar ($670k or 45.7%), and Indl. Machnry For Dairy Etc ($104k or 66.1%). In August 2024, the increase in India's year-by-year imports  from Turkmenistan was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$147k(5.13%)
IMPORT GROWTH (August 2023 - August 2024)$6.05M(707%)

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

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

For full datasets download visit Bulk Download page.

Explore Turkmenistan and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $87.9M to Turkmenistan. The main products exported from India to Turkmenistan were Raw Sugar ($30.7M), Packaged Medicaments ($25.2M), and Frozen Bovine Meat ($6.49M). During the last 5 years the exports of India to Turkmenistan have increased at an annualized rate of 8.09%, from $59.6M in 2017 to $87.9M in 2022.

In 2017, Turkmenistan exported $90.5M to India. The main products exported from Turkmenistan to India were Nitrogenous Fertilizers ($64.6M), Potassic Fertilizers ($17.3M), and Halogens ($6.92M). During the last 5 years the exports of Turkmenistan to India have increased at an annualized rate of 43.4%, from $14.9M in 2022 to $90.5M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from India than Turkmenistan included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Turkmenistan

Flow
Scale

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

During 2022, India had a large net trade with Turkmenistan in the exports of Foodstuffs ($31.3M), Chemical Products ($29.2M), and Machines ($9.39M).

During 2017, Turkmenistan had a large net trade with India in the exports of Chemical Products ($88.9M), Mineral Products ($1.53M), and Textiles ($86.9k).

Economic Complexity

Competitive Landscape

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

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

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