2022
Exports
$11.1BWorld Rnk 47 / 216
Flag Rnk 1 / 77
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$36MWorld Rnk 198 / 225
Flag Rnk 22 / 96
2022
ECONOMIC COMPLEXITY of Turkmenistan
-0.56Rnk 90 / 133

About

Exports In 2022, Turkmenistan exported $11.1B in Mineral fuels, mineral oils and products of their distillation, making it the 47th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Turkmenistan. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Turkmenistan are: China ($8.83B), Uzbekistan ($610M), Azerbaijan ($455M), Turkey ($332M), and Morocco ($179M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Turkmenistan between 2021 and 2022 were China ($2.9B), Azerbaijan ($394M), and Turkey ($201M).

Imports In 2022, Turkmenistan imported $36M in Mineral fuels, mineral oils and products of their distillation, becoming the 198th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 22nd most imported product in Turkmenistan. Turkmenistan imports Mineral fuels, mineral oils and products of their distillation primarily from: Turkey ($10.8M), Germany ($9.86M), United Arab Emirates ($7.89M), Netherlands ($1.42M), and Azerbaijan ($821k).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Turkmenistan between 2021 and 2022 were Turkey ($2.64M), United Arab Emirates ($2.04M), and Germany ($1.6M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.1B
IMPORTS (2022)$36M
NET TRADE (2022)$11.1B

In 2022, Turkmenistan exported $11.1B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Turkmenistan exports on Mineral fuels, mineral oils and products of their distillation were China ($8.83B), Uzbekistan ($610M), Azerbaijan ($455M), Turkey ($332M), and Morocco ($179M).

In 2022, Turkmenistan imported $36M in Mineral fuels, mineral oils and products of their distillation, mainly from Turkey ($10.8M), Germany ($9.86M), United Arab Emirates ($7.89M), Netherlands ($1.42M), and Azerbaijan ($821k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Turkmenistan WERE (2021 - 2022):
China$2.9B (48.9%)
Azerbaijan$394M (649%)
Turkey$201M (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Turkmenistan WERE (2021 - 2022):
Cyprus-$80.1M (-93.7%)
Italy-$52.3M (-99.5%)
Georgia-$33M (-17%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Turkmenistan's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Turkmenistan's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

Mineral fuels, mineral oils and products of their distillation’s highest export potential is N/A. With an export gap of N/A.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is N/A with an import gap of N/A.

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