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Overview In 2021 Turkmenistan was the number 108 economy in the world in terms of total exports and the number 153 in total imports.

Exports The top exports of Turkmenistan are Petroleum Gas ($4.88B), Refined Petroleum ($808M), Nitrogenous Fertilizers ($279M), Crude Petroleum ($211M), and Non-Retail Pure Cotton Yarn ($170M), exporting mostly to China ($4.79B), Turkey ($665M), Uzbekistan ($630M), Georgia ($205M), and Russia ($134M).

Imports The top imports of Turkmenistan are Planes, Helicopters, and/or Spacecraft ($173M), Cars ($86.5M), Packaged Medicaments ($81.6M), Insulated Wire ($74.7M), and Vaccines, blood, antisera, toxins and cultures ($71.2M), importing mostly from Turkey ($978M), China ($513M), Russia ($473M), United Arab Emirates ($247M), and Germany ($214M).

Location Turkmenistan borders Afghanistan, Iran, Kazakhstan, and Uzbekistan by land and Azerbaijan by sea.

Latest Trends

Latest Trade

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The following section uses the most recent trade data from partners of Turkmenistan.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

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The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Petroleum Gas$4.88B
Top Destination (2021)China$4.79B

In 2021, Turkmenistan exported a total of $7.2B, making it the number 108 exporter in the world. During the last five reported years the exports of Turkmenistan have changed by -$169M from $7.37B in 2016 to $7.2B in 2021.

The most recent exports are led by Petroleum Gas ($4.88B), Refined Petroleum ($808M), Nitrogenous Fertilizers ($279M), Crude Petroleum ($211M), and Non-Retail Pure Cotton Yarn ($170M). The most common destination for the exports of Turkmenistan are China ($4.79B), Turkey ($665M), Uzbekistan ($630M), Georgia ($205M), and Russia ($134M).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
Turkey$360M (+ 118%)
Uzbekistan$260M (+ 70.4%)
Georgia$132M (+ 179%)
Fastest Growing Import Markets (2020 - 2021)
Turkey$191M (+ 24.3%)
Italy$135M (+ 315%)
China$69.9M (+ 15.8%)

Total Export Growth by Market (2020 - 2021)

Economic Complexity

Most Specialized Products by RCA Index

Turkmenistan has a high level of specialization in Sulphur (45.3), Petroleum Gas (32.6), Non-Retail Pure Cotton Yarn (31.2), Halogens (24.8), and Nitrogenous Fertilizers (22.4). Specialization is measured using RCA, an index that takes the ratio between Turkmenistan observed and expected exports in each product.

Most Complex Products by PCI

Export Opportunities by Relatedness

The top export opportunities for Turkmenistan according to the relatedness index, were Crude Petroleum (0.069), Gold (0.062), Insect Resins (0.06), Chromium Ore (0.06), and Manganese Ore (0.056). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Turkmenistan is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Turkmenistan. These are products that tend to be co-exported with the products that Turkmenistan exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
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During the last 20 years Turkmenistan's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨92nd to the 86th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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