NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $23.9kRnk 134 / 159
2023
Flag → Flag
Top Product $15.8kValves
2023
Flag → Flag
Exports $25.2kRnk 64 / 99
2023
Flag → Flag
Top Product $5.86kOther Rubber Products
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 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 $33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

Kuwait-Turkmenistan Trade: In 2023, Kuwait exported $23.9k to Turkmenistan. The main products that Kuwait exported to Turkmenistan were Valves ($15.8k) and Machinery Having Individual Functions ($8.11k). Over the past 14 years the exports of Kuwait to Turkmenistan have decreased at an annualized rate of 7.84%, from $74.8k in 2009 to $23.9k in 2023.

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

Turkmenistan-Kuwait Trade: In 2023, Turkmenistan exported $25.2k to Kuwait. The main products that Turkmenistan exported to Kuwait were Other Rubber Products ($5.86k), Office Machine Parts ($5.36k), and Hand-Woven Rugs ($3.8k). Over the past 14 years the exports of Turkmenistan to Kuwait have increased at an annualized rate of 56.8%,  from $2.67k in 2009 to $25.2k in 2023.

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

Comparison: In 2023,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $23.9k to Turkmenistan. The main products exported from Kuwait to Turkmenistan were Valves ($15.8k) and Machinery Having Individual Functions ($8.11k). During the last 14 years the exports of Kuwait to Turkmenistan have decreased at an annualized rate of 7.84%, from $74.8k in 2009 to $23.9k in 2023.

In 2018, Turkmenistan exported $25.2k to Kuwait. The main products exported from Turkmenistan to Kuwait were Other Rubber Products ($5.86k), Office Machine Parts ($5.36k), and Hand-Woven Rugs ($3.8k). During the last 5 years the exports of Turkmenistan to Kuwait have increased at an annualized rate of 56.8%, from $2.67k in 2023 to $25.2k in 2018.

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

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

Latest Data

Trade between Kuwait (Flag) and Turkmenistan (Flag)

Kuwait Exports

Date

Market Competitiveness

Color
Kuwait
Top DestinationChina$17.4B
Turkmenistan
Top DestinationChina$9.63B

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

In 2023, countries that imported more from Kuwait than Turkmenistan included India ($9.51B), Japan ($9.13B), and China ($17.4B).

In 2023, countries that imported more from Turkmenistan than Kuwait included Turkey ($1.66B), Greece ($1.03B), and Uzbekistan ($950M).

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

Comparative Advantage Kuwait - Turkmenistan

Flow
Scale

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

During 2023, Kuwait had a large net trade with Turkmenistan in the exports of Machines ($23.9k).

During 2018, Turkmenistan had a large net trade with Kuwait in the exports of Textiles ($10.9k), Plastics and Rubbers ($5.86k), and Machines ($5.36k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms