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2023
Flag → Flag
Exports $17.7MRnk 21 / 99
2023
Flag → Flag
Top Product $15MHalogens
2023
Flag → Flag
Exports $29.4MRnk 148 / 223
2023
Flag → Flag
Top Product $7.32MIndustrial Fatty Acids, Oils and Alcohols
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $8,233CURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Turkmenistan-United Kingdom Trade: In 2023, Turkmenistan exported $17.7M to United Kingdom. The main products that Turkmenistan exported to United Kingdom were Halogens ($15M), Precious Metal Scraps ($1.71M), and Non-Knit Men's Suits ($204k). Over the past 5 years the exports of Turkmenistan to United Kingdom have increased at an annualized rate of 33%, from $4.24M in 2018 to $17.7M in 2023.

In 2023, Turkmenistan did not export any services to United Kingdom.

United Kingdom-Turkmenistan Trade: In 2023, United Kingdom exported $29.4M to Turkmenistan. The main products that United Kingdom exported to Turkmenistan were Industrial Fatty Acids, Oils and Alcohols ($7.32M), Reaction and Catalytic Products ($4.66M), and Gas Turbines ($3.57M). Over the past 5 years the exports of United Kingdom to Turkmenistan have decreased at an annualized rate of 3.06%,  from $34.3M in 2018 to $29.4M in 2023.

In 2023, United Kingdom did not export any services to Turkmenistan.

Comparison: In 2023,  Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkmenistan exported $17.7M to United Kingdom. The main products exported from Turkmenistan to United Kingdom were Halogens ($15M), Precious Metal Scraps ($1.71M), and Non-Knit Men's Suits ($204k). During the last 5 years the exports of Turkmenistan to United Kingdom have increased at an annualized rate of 33%, from $4.24M in 2018 to $17.7M in 2023.

In 2018, United Kingdom exported $29.4M to Turkmenistan. The main products exported from United Kingdom to Turkmenistan were Industrial Fatty Acids, Oils and Alcohols ($7.32M), Reaction and Catalytic Products ($4.66M), and Gas Turbines ($3.57M). During the last 5 years the exports of United Kingdom to Turkmenistan have decreased at an annualized rate of 3.06%, from $34.3M in 2023 to $29.4M in 2018.

Exports from Turkmenistan (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Turkmenistan (Flag) (2023)

Latest Data

Trade between Turkmenistan (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$9.63B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Turkmenistan than United Kingdom included Uzbekistan ($950M), Azerbaijan ($687M), and Greece ($1.03B).

In 2023, countries that imported more from United Kingdom than Turkmenistan included United States ($59.7B), Germany ($34.6B), and Netherlands ($29.8B).

Difference in imports from United Kingdom (Flag) and Turkmenistan (Flag) (2023)

Comparative Advantage Turkmenistan - United Kingdom

Flow
Scale

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

During 2023, Turkmenistan had a large net trade with United Kingdom in the exports of Chemical Products ($15M), Precious Metals ($1.71M), and Textiles ($401k).

During 2018, United Kingdom had a large net trade with Turkmenistan in the exports of Chemical Products ($12.4M), Machines ($9.34M), and Precious Metals ($2.3M).

Economic Complexity

Competitive Landscape

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

Product Space of Turkmenistan (Flag) and United Kingdom (Flag) (2023)

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