Turkmenistan (TKM) and Iceland (ISL) Trade | The Observatory of Economic Complexity

About

Turkmenistan-Iceland Trade: In 2022, Turkmenistan exported $39.1k to Iceland. The main products that Turkmenistan exported to Iceland were Refined Petroleum ($39.1k). Over the past 14 years the exports of Turkmenistan to Iceland have increased at an annualized rate of 17.4%, from $4.13k in 2008 to $39.1k in 2022.

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

Iceland-Turkmenistan In false, Iceland did not export any products to Turkmenistan.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkmenistan exported $39.1k to Iceland. The main products exported from Turkmenistan to Iceland were Refined Petroleum ($39.1k). During the last 14 years the exports of Turkmenistan to Iceland have increased at an annualized rate of 17.4%, from $4.13k in 2008 to $39.1k in 2022.

Iceland does not register exports to Turkmenistan.

Exports from Turkmenistan () to Iceland () (2022)

Exports from Iceland () to Turkmenistan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkmenistan
Top DestinationChina$8.88B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Turkmenistan than Iceland included China ($8.88B), Turkey ($884M), and Uzbekistan ($664M).

In 2022, countries that imported more from Iceland than Turkmenistan included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Turkmenistan - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkmenistan had a large net trade with Iceland in the exports of Mineral Products ($39.1k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkmenistan () to Iceland () (2022)

Exports from Iceland () to Turkmenistan () (2022)

Market Competitiveness

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

Comparative Advantage Turkmenistan - Iceland

Economic Complexity

Competitive Landscape

Product Space of Turkmenistan () and Iceland () (2022)

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