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2022
Flag → Flag
Exports $8.54MRnk 142 / 0
2022
Flag → Flag
Exports $35.2kRnk 198 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 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 $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

South Korea-Turkmenistan Trade: In 2022, South Korea exported $8.54M to Turkmenistan. The main products that South Korea exported to Turkmenistan were N/A. Over the past 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%, from $131M in 2017 to $8.54M in 2022.

In 2022, South Korea did not export any services to Turkmenistan.

Turkmenistan-South Korea Trade: In 2022, Turkmenistan exported $35.2k to South Korea. The main products that Turkmenistan exported to South Korea were N/A. Over the past 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 5.13%,  from $50.9k in 2017 to $35.2k in 2022.

In 2022, Turkmenistan did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $12.7M and imported $0 from Turkmenistan, resulting in a positive trade balance of $12.7M. Between December 2023 and December 2024 the exports of South Korea have increased by $6.06M (91.6%) from $6.62M to $12.7M, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In December 2024, the top exports of South Korea to Turkmenistan were Plastics & articles thereof ($226k), Cars, tractors, trucks & parts thereof. ($221k), Machinery, mechanical appliances, & parts ($168k), Mineral fuels, mineral oils and products... ($45k), and Clocks, watches, & parts ($29k). In December 2024 the top imports of South Korea from Turkmenistan were Preparations of cereals, flour, starch or... ($0), Miscellaneous edible preparations ($0), Mineral fuels, mineral oils and products... ($0), Perfumery & cosmetics ($0), and Chemical products n.e.s. ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($161k or 2.3k%). In December 2024, the change in South Korea'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 (December 2023 - December 2024)$6.06M(91.6%)
IMPORT GROWTH (December 2023 - December 2024)$0(N/A%)

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

To check Turkmenistan and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkmenistan and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $8.54M to Turkmenistan. There were not main exports from South Korea to Turkmenistan in 2022. During the last 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%, from $131M in 2017 to $8.54M in 2022.

In 2017, Turkmenistan exported $35.2k to South Korea. There were not main exports from Turkmenistan to South Korea in 2017. During the last 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 5.13%, from $50.9k in 2022 to $35.2k in 2017.

Exports from South Korea (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Turkmenistan
Top DestinationChina$9.63B

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

In 2023, countries that imported more from South Korea than Turkmenistan included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Turkmenistan than South Korea included Greece ($1.03B) and Azerbaijan ($687M).

Difference in imports from Turkmenistan (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Turkmenistan

Flow
Scale

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

During 2022, South Korea had a large net trade with Turkmenistan in the exports of .

During 2017, Turkmenistan had a large net trade with South Korea in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Turkmenistan (Flag) (2022)

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