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2022
Flag → Flag
Exports $19.6MRnk 22 / 95
2022
Flag → Flag
Top Product $19.6MCrude Petroleum
2022
Flag → Flag
Exports $6.31MRnk 115 / 205
2022
Flag → Flag
Top Product $2.62MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

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

Bilateral Trade by Products

Depth
Value

In 2022, Turkmenistan exported $19.6M to Hungary. The main products exported from Turkmenistan to Hungary were Crude Petroleum ($19.6M), Navigation Equipment ($15k), and Broadcasting Equipment ($3.31k). During the last 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 2017, Hungary exported $6.31M to Turkmenistan. The main products exported from Hungary to Turkmenistan were Packaged Medicaments ($2.62M), Video Recording Equipment ($988k), and Other Heating Machinery ($689k). During the last 5 years the exports of Hungary to Turkmenistan have decreased at an annualized rate of 18.4%, from $17.4M in 2022 to $6.31M in 2017.

Exports from Turkmenistan (Flag) to Hungary (Flag) (2022)

Exports from Hungary (Flag) to Turkmenistan (Flag) (2022)

Latest Data

Trade between Turkmenistan (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
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 (Flag) and Turkmenistan (Flag) (2022)

Comparative Advantage Turkmenistan - Hungary

Flow
Scale

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

During 2022, Turkmenistan had a large net trade with Hungary in the exports of Mineral Products ($19.6M) and Machines ($18.3k).

During 2017, Hungary had a large net trade with Turkmenistan in the exports of Chemical Products ($3.27M), Machines ($2.05M), and Animal Products ($325k).

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.

Product Space of Turkmenistan (Flag) and Hungary (Flag) (2022)

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