Overview In 2020, Turkmenistan was the number 0 economy in the world in terms of GDP (current US$), the number 101 in total exports, the number 150 in total imports, the number 0 economy in terms of GDP per capita (current US$) and the number 88 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Turkmenistan are Petroleum Gas ($5.31B), Crude Petroleum ($354M), Refined Petroleum ($220M), Special Purpose Ships ($195M), and Nitrogenous Fertilizers ($170M), exporting mostly to China ($5.32B), Uzbekistan ($369M), Russia ($315M), Turkey ($305M), and Italy ($105M).

Imports The top imports of Turkmenistan are Gas Turbines ($103M), Raw Iron Bars ($103M), Packaged Medicaments ($101M), Other Large Iron Pipes ($101M), and Harvesting Machinery ($80.1M), importing mostly from Turkey ($786M), Russia ($649M), China ($445M), Germany ($193M), and United Arab Emirates ($182M).

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

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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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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.

Latest Data (dev)

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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.

Historical Data

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Top Export (2020): Petroleum Gas, $5.31B

Top Destination (2020): China, $786M

In 2020, Turkmenistan exported a total of $6.94B, making it the number 101 exporter in the world. During the last five reported years the exports of Turkmenistan have changed by -$2.16B from $9.1B in 2015 to $6.94B in 2020.

The most recent exports are led by Petroleum Gas ($5.31B), Crude Petroleum ($354M), Refined Petroleum ($220M), Special Purpose Ships ($195M), and Nitrogenous Fertilizers ($170M). The most common destination for the exports of Turkmenistan are China ($5.32B), Uzbekistan ($369M), Russia ($315M), Turkey ($305M), and Italy ($105M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Economic Complexity

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Most Specialized Products by RCA Index

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Turkmenistan has a high level of specialization in Petroleum Gas (58.9), Sulphur (38.8), Halogens (29.6), Non-Retail Pure Cotton Yarn (27.3), and Nitrogenous Fertilizers (18.2). 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

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The highest complexity exports of Turkmenistan according to the product complexity index (PCI) are Other Copper Products (0.88), Carbon (0.36), Synthetic Monofilament (0.32), Propylene Polymers (0.088), and Float Glass (0.076). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Turkmenistan according to the relatedness index, are Insect Resins (0.057), Chromium Ore (0.057), Raw Aluminium (0.056), Gold (0.056), and Iron Reductions (0.055). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Turkmenistan is not specialized in.

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

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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

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During the last 20 years Turkmenistan's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 88th⁩ 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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