2023
Flag  
GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 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 
$55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 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

Sweden-Turkmenistan Trade: In 2023, Sweden exported $572k to Turkmenistan. The main products that Sweden exported to Turkmenistan were Refrigerators ($109k), Brooms ($68k), and Transmissions ($61.6k). Over the past 5 years the exports of Sweden to Turkmenistan have decreased at an annualized rate of 12%, from $1.08M in 2018 to $572k in 2023.

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

Turkmenistan-Sweden Trade: In 2023, Turkmenistan exported $68.4k to Sweden. The main products that Turkmenistan exported to Sweden were Gas and Liquid Flow Measuring Instruments ($68.3k) and Knotted Carpets ($94). Over the past 5 years the exports of Turkmenistan to Sweden have increased at an annualized rate of 79.4%,  from $3.69k in 2018 to $68.4k in 2023.

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

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). 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, Sweden exported $572k to Turkmenistan. The main products exported from Sweden to Turkmenistan were Refrigerators ($109k), Brooms ($68k), and Transmissions ($61.6k). During the last 5 years the exports of Sweden to Turkmenistan have decreased at an annualized rate of 12%, from $1.08M in 2018 to $572k in 2023.

In 2018, Turkmenistan exported $68.4k to Sweden. The main products exported from Turkmenistan to Sweden were Gas and Liquid Flow Measuring Instruments ($68.3k) and Knotted Carpets ($94). During the last 5 years the exports of Turkmenistan to Sweden have increased at an annualized rate of 79.4%, from $3.69k in 2023 to $68.4k in 2018.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$18.4B
Turkmenistan
Top Destination
China$9.63B

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

In 2023, countries that imported more from Sweden than Turkmenistan included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

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

Comparative Advantage Sweden - Turkmenistan

Flow
Scale

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

During 2023, Sweden had a large net trade with Turkmenistan in the exports of Machines ($365k), Miscellaneous ($74.2k), and Metals ($53k).

During 2018, Turkmenistan had a large net trade with Sweden in the exports of Instruments ($68.3k) and Textiles ($94).

Economic Complexity

Competitive Landscape

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

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

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