Turkmenistan (TKM) and Hungary (HUN) Trade | The Observatory of Economic Complexity

2022

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Exports $19.6MRnk 22 / 95

2022

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About

Turkmenistan-Hungary Trade: In 2022, Turkmenistan exported $19.6M to Hungary. The main products that Turkmenistan exported to Hungary were Crude Petroleum ($19.6M), Navigation Equipment ($15k), and Broadcasting Equipment ($3.31k). Over the past 6 years the exports of Turkmenistan to Hungary have increased at an annualized rate of 55%, from $1.42M in 2016 to $19.6M in 2022.

In 2022, Turkmenistan did not export any services to Hungary.

Hungary-Turkmenistan Trade: In 2022, Hungary exported $6.31M to Turkmenistan. The main products that Hungary exported to Turkmenistan were Packaged Medicaments ($2.62M), Video Recording Equipment ($988k), and Other Heating Machinery ($689k). Over the past 6 years the exports of Hungary to Turkmenistan have decreased at an annualized rate of 18.4%, from $17.4M in 2016 to $6.31M in 2022.

In 2022, Hungary did not export any services to Turkmenistan.

Comparison: In 2022, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Latest Data

Trade between Turkmenistan () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkmenistan
Top DestinationChina$8.88B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Turkmenistan than Hungary included China ($8.88B), Uzbekistan ($664M), and Azerbaijan ($460M).

In 2022, countries that imported more from Hungary than Turkmenistan included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

Difference in imports from Hungary () and Turkmenistan () (2022)

Economic Complexity

Competitive Landscape

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