United States (USA) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

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United States (USA) and Turkmenistan (TKM) Trade

2022

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Exports $48.7MRnk 178 / 219

2022

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About

United States-Turkmenistan Trade: In 2022, United States exported $48.7M to Turkmenistan. The main products that United States exported to Turkmenistan were Poultry Meat ($20.3M), Industrial Fatty Acids, Oils and Alcohols ($5.16M), and Tractors ($5.05M). Over the past 5 years the exports of United States to Turkmenistan have decreased at an annualized rate of 18.4%, from $135M in 2017 to $48.7M in 2022.

In 2022, United States did not export any services to Turkmenistan.

Turkmenistan-United States Trade: In 2022, Turkmenistan exported $48.8M to United States. The main products that Turkmenistan exported to United States were Nitrogenous Fertilizers ($33M), Refined Petroleum ($10.7M), and Vegetable Saps ($3.64M). Over the past 5 years the exports of Turkmenistan to United States have increased at an annualized rate of 27.5%, from $14.5M in 2017 to $48.8M in 2022.

In 2022, Turkmenistan did not export any services to United States.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Turkmenistan to the United States. Conversely, were notable for importing products to Turkmenistan from the United States.

Latest Trends

June, 2024

About

Overview In June 2024, United States exported $7.91M and imported $23.7k from Turkmenistan, resulting in a positive trade balance of $7.89M. Between June 2023 and June 2024 the exports of United States have increased by $4.55M (135%) from $3.37M to $7.91M, while imports increased by $4.56k (23.8%) from $19.2k to $23.7k.

Trade In June 2024, the top exports of United States to Turkmenistan were Poultry Meat ($797k), Valves ($396k), Tractors ($195k), Centrifuges ($168k), and Prepr binder for foundry ($133k). In June 2024 the top imports of United States from Turkmenistan were Commodities not elsewhere specified ($193k), Carbon ($113k), Valves ($3k), Flax Woven Fabric ($1.38k), and Trunks and Cases ($667).

Origins In June 2024 the exports of United States were mainly from Virginia ($1.91M), North Carolina ($1.46M), Georgia ($1.46M), Mississippi ($803k), and Texas ($716k), while imports destinations were mainly New York ($13.9k), Indiana ($4.2k), California ($2.72k), and Kentucky ($2.65k).

Growth In June 2024, the increase in United States's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in Commodities not elsewhere specified ($25k or 1.83k%), Iron Pipe Fittings ($23.5k or 908%), and Engine Parts ($22k or 50.4%). In June 2024, the increase in United States's year-by-year imports from Turkmenistan was explained primarily by an increase in product imports in Commodities not elsewhere specified ($181k or 1.48k%) and Carbon ($110k or 3.23k%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (June 2023 - June 2024)$4.55M(135%)

IMPORT GROWTH (June 2023 - June 2024)$4.56k(23.8%)

MAIN EXPORTER (June 2024)Virginia$1.91M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Turkmenistan and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $48.7M to Turkmenistan. The main products exported from United States to Turkmenistan were Poultry Meat ($20.3M), Industrial Fatty Acids, Oils and Alcohols ($5.16M), and Tractors ($5.05M). During the last 5 years the exports of United States to Turkmenistan have decreased at an annualized rate of 18.4%, from $135M in 2017 to $48.7M in 2022.

In 2017, Turkmenistan exported $48.8M to United States. The main products exported from Turkmenistan to United States were Nitrogenous Fertilizers ($33M), Refined Petroleum ($10.7M), and Vegetable Saps ($3.64M). During the last 5 years the exports of Turkmenistan to United States have increased at an annualized rate of 27.5%, from $14.5M in 2022 to $48.8M in 2017.

Exports from United States () to Turkmenistan () (2022)

Exports from Turkmenistan () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from United States than Turkmenistan included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Turkmenistan than United States included Uzbekistan ($664M) and Azerbaijan ($460M).

Difference in imports from Turkmenistan () and United States () (2022)

Comparative Advantage United States - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Turkmenistan in the exports of Animal Products ($20.4M), Chemical Products ($9.76M), and Machines ($8.67M).

During 2017, Turkmenistan had a large net trade with United States in the exports of Chemical Products ($34.2M), Mineral Products ($10.7M), and Vegetable Products ($3.64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Turkmenistan+N/AN/A

Top Product Potential Turkmenistan United States+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Turkmenistan () (2022)

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