2023
Flag  
GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
 GDP
$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH
54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC 
$18,404CURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195
2023
Flag
GDP PC
$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH
24.7%CURRENT US$
Rnk 87 / 195

About

Romania-Turkmenistan Trade: In 2023, Romania exported $2.82M to Turkmenistan. The main products that Romania exported to Turkmenistan were Iron Pipes ($1.23M), Other Floating Structures ($523k), and Large Iron Containers ($254k). Over the past 5 years the exports of Romania to Turkmenistan have increased at an annualized rate of 24.3%, from $950k in 2018 to $2.82M in 2023.

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

Turkmenistan-Romania Trade: In 2023, Turkmenistan exported $72.6M to Romania. The main products that Turkmenistan exported to Romania were Nitrogenous Fertilizers ($71.7M), Refined Petroleum ($750k), and Raw Plastic Sheeting ($57.3k). Over the past 5 years the exports of Turkmenistan to Romania have increased at an annualized rate of 77.3%,  from $4.14M in 2018 to $72.6M in 2023.

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

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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, Romania exported $2.82M to Turkmenistan. The main products exported from Romania to Turkmenistan were Iron Pipes ($1.23M), Other Floating Structures ($523k), and Large Iron Containers ($254k). During the last 5 years the exports of Romania to Turkmenistan have increased at an annualized rate of 24.3%, from $950k in 2018 to $2.82M in 2023.

In 2018, Turkmenistan exported $72.6M to Romania. The main products exported from Turkmenistan to Romania were Nitrogenous Fertilizers ($71.7M), Refined Petroleum ($750k), and Raw Plastic Sheeting ($57.3k). During the last 5 years the exports of Turkmenistan to Romania have increased at an annualized rate of 77.3%, from $4.14M in 2023 to $72.6M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Turkmenistan (Flag)

Romania Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Turkmenistan
Top Destination
China$9.63B

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

In 2023, countries that imported more from Romania than Turkmenistan included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

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

Comparative Advantage Romania - Turkmenistan

Flow
Scale

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

During 2023, Romania had a large net trade with Turkmenistan in the exports of Metals ($1.72M), Transportation ($523k), and Chemical Products ($267k).

During 2018, Turkmenistan had a large net trade with Romania in the exports of Chemical Products ($71.7M), Mineral Products ($750k), and Textiles ($115k).

Economic Complexity

Competitive Landscape

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

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

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