2023
Flag  
GDP
$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH
54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC 
$8,233CURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP PC GROWTH
24.7%CURRENT US$
Rnk 87 / 195
2023
Flag
GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Turkmenistan-India Trade: In 2023, Turkmenistan exported $212M to India. The main products that Turkmenistan exported to India were Potassic Fertilizers ($160M), Nitrogenous Fertilizers ($27.3M), and Halogens ($22M). Over the past 5 years the exports of Turkmenistan to India have increased at an annualized rate of 45%, from $33M in 2018 to $212M in 2023.

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

India-Turkmenistan Trade: In 2023, India exported $45.2M to Turkmenistan. The main products that India exported to Turkmenistan were Packaged Medicaments ($26.3M), Raw Sugar ($2.37M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($2.34M). Over the past 5 years the exports of India to Turkmenistan have increased at an annualized rate of 1.36%,  from $42.2M in 2018 to $45.2M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkmenistan exported $212M to India. The main products exported from Turkmenistan to India were Potassic Fertilizers ($160M), Nitrogenous Fertilizers ($27.3M), and Halogens ($22M). During the last 5 years the exports of Turkmenistan to India have increased at an annualized rate of 45%, from $33M in 2018 to $212M in 2023.

In 2018, India exported $45.2M to Turkmenistan. The main products exported from India to Turkmenistan were Packaged Medicaments ($26.3M), Raw Sugar ($2.37M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($2.34M). During the last 5 years the exports of India to Turkmenistan have increased at an annualized rate of 1.36%, from $42.2M in 2023 to $45.2M in 2018.

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

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

Latest Data

Trade between Turkmenistan (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Turkmenistan
Top Destination
China$9.63B
India
Top Destination
United States$85.5B

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

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

In 2023, countries that imported more from India than Turkmenistan included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

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

Comparative Advantage Turkmenistan - India

Flow
Scale

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

During 2023, Turkmenistan had a large net trade with India in the exports of Chemical Products ($210M), Mineral Products ($1.73M), and Textiles ($432k).

During 2018, India had a large net trade with Turkmenistan in the exports of Chemical Products ($31.6M), Machines ($4.28M), and Foodstuffs ($3.9M).

Economic Complexity

Competitive Landscape

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

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

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