Turkey (TUR) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

About

Turkey-Turkmenistan Trade: In 2022, Turkey exported $1.09B to Turkmenistan. The main products that Turkey exported to Turkmenistan were Iron Structures ($60.9M), Insulated Wire ($49M), and Electrical Control Boards ($43.8M). Over the past 5 years the exports of Turkey to Turkmenistan have increased at an annualized rate of 81%, from $56.2M in 2017 to $1.09B in 2022.

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

Turkmenistan-Turkey Trade: In 2022, Turkmenistan exported $471M to Turkey. The main products that Turkmenistan exported to Turkey were Refined Petroleum ($329M), Nitrogenous Fertilizers ($180M), and Non-Retail Pure Cotton Yarn ($117M). Over the past 5 years the exports of Turkmenistan to Turkey have increased at an annualized rate of 35.2%, from $104M in 2017 to $471M in 2022.

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

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $1.09B to Turkmenistan. The main products exported from Turkey to Turkmenistan were Iron Structures ($60.9M), Insulated Wire ($49M), and Electrical Control Boards ($43.8M). During the last 5 years the exports of Turkey to Turkmenistan have increased at an annualized rate of 81%, from $56.2M in 2017 to $1.09B in 2022.

In 2017, Turkmenistan exported $471M to Turkey. The main products exported from Turkmenistan to Turkey were Refined Petroleum ($329M), Nitrogenous Fertilizers ($180M), and Non-Retail Pure Cotton Yarn ($117M). During the last 22 years the exports of Turkmenistan to Turkey have increased at an annualized rate of 35.2%, from $104M in 1995 to $471M in 2017.

Exports from Turkey () to Turkmenistan () (2022)

Exports from Turkmenistan () to Turkey () (2022)

Latest Data

Trade between Turkey () and Turkmenistan ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from Turkey than Turkmenistan included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Turkmenistan than Turkey included China ($8.88B).

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

Comparative Advantage Turkey - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Turkmenistan in the exports of Machines ($368M), Metals ($176M), and Chemical Products ($116M).

During 2017, Turkmenistan had a large net trade with Turkey in the exports of Mineral Products ($342M), Textiles ($223M), and Chemical Products ($195M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Turkmenistan () (2022)

Exports from Turkmenistan () to Turkey () (2022)

Latest Data

Trade between Turkey () and Turkmenistan ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Turkey - Turkmenistan

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring