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2022
Flag → Flag
Exports $1.94kRnk 58 / 0
2022
Flag → Flag
Exports $7.63MRnk 88 / 198
2022
Flag → Flag
Top Product $5.28MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
 GDP$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH44.9%CURRENT US$
Rnk 86 / 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$22,503CURRENT US$
Rnk 56 / 196
2013-2023
Flag
GDP PC GROWTH55.4%CURRENT US$
Rnk 37 / 195

About

Turkmenistan-Latvia Trade: In 2022, Turkmenistan exported $1.94k to Latvia. The main products that Turkmenistan exported to Latvia were N/A. Over the past 5 years the exports of Turkmenistan to Latvia have increased at an annualized rate of 158%, from $17 in 2017 to $1.94k in 2022.

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

Latvia-Turkmenistan Trade: In 2022, Latvia exported $7.63M to Turkmenistan. The main products that Latvia exported to Turkmenistan were Packaged Medicaments ($5.28M), Hard Liquor ($628k), and Processed Fish ($260k). Over the past 5 years the exports of Latvia to Turkmenistan have decreased at an annualized rate of 0.14%,  from $7.69M in 2017 to $7.63M in 2022.

In 2022, Latvia 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, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkmenistan exported $1.94k to Latvia. There were not main exports from Turkmenistan to Latvia in 2022. During the last 5 years the exports of Turkmenistan to Latvia have increased at an annualized rate of 158%, from $17 in 2017 to $1.94k in 2022.

In 2018, Latvia exported $7.63M to Turkmenistan. The main products exported from Latvia to Turkmenistan were Packaged Medicaments ($5.28M), Hard Liquor ($628k), and Processed Fish ($260k). During the last 5 years the exports of Latvia to Turkmenistan have decreased at an annualized rate of 0.14%, from $7.69M in 2023 to $7.63M in 2018.

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

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

Latest Data

Trade between Turkmenistan (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Turkmenistan
Top DestinationChina$9.63B
Latvia
Top DestinationLithuania$3.77B

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

In 2023, countries that imported more from Turkmenistan than Latvia included China ($9.63B), Turkey ($1.66B), and Greece ($1.03B).

In 2023, countries that imported more from Latvia than Turkmenistan included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

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

Comparative Advantage Turkmenistan - Latvia

Flow
Scale

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

During 2022, Turkmenistan had a large net trade with Latvia in the exports of .

During 2018, Latvia had a large net trade with Turkmenistan in the exports of Chemical Products ($5.84M), Foodstuffs ($980k), and Machines ($265k).

Economic Complexity

Competitive Landscape

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

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

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