Overview: In 2019 Turkmenistan was the number 92 in total exports, the number 149 in total imports and the number 104 most complex economy according to the Economic Complexity Index (ECI).

Exports: The top exports of Turkmenistan are Petroleum Gas ($7.59B), Refined Petroleum ($602M), Crude Petroleum ($339M), Non-Retail Pure Cotton Yarn ($146M), and Nitrogenous Fertilizers ($107M), exporting mostly to China ($7.65B), Uzbekistan ($374M), Turkey ($329M), Azerbaijan ($184M), and Romania ($147M).

Imports: The top imports of Turkmenistan are Other Large Iron Pipes ($136M), Harvesting Machinery ($121M), Packaged Medicaments ($86.6M), Broadcasting Equipment ($66.7M), and Tractors ($63.6M), importing mostly from Turkey ($744M), Russia ($543M), China ($431M), United Arab Emirates ($267M), and Germany ($180M).

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

Historical Data

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Yearly Exports

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Value
Depth

Top Export (2019): Petroleum Gas, $7.59B

Top Destination (2019): China, $7.65B

In 2019, Turkmenistan exported a total of $9.33B, making it the number 92 exporter in the world. During the last five reported years the exports of Turkmenistan have changed by -$1.33B from $10.7B in 2014 to $9.33B in 2019.

The most recent exports are led by Petroleum Gas ($7.59B), Refined Petroleum ($602M), Crude Petroleum ($339M), Non-Retail Pure Cotton Yarn ($146M), and Nitrogenous Fertilizers ($107M). The most common destination for the exports of Turkmenistan are China ($7.65B), Uzbekistan ($374M), Turkey ($329M), Azerbaijan ($184M), and Romania ($147M).

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Yearly Imports

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Top Import (2019): Other Large Iron Pipes, $136M

Top Origin (2019): Turkey, $744M

In 2019 Turkmenistan imported $3.02B, making it the number 149 trade destination in the world. During the last five reported years the imports of Turkmenistan changed by -$5.89B from $8.91B in 2014 to $3.02B in 2019.

The most recent imports of Turkmenistan are led by Other Large Iron Pipes ($136M), Harvesting Machinery ($121M), Packaged Medicaments ($86.6M), Broadcasting Equipment ($66.7M), and Tractors ($63.6M). The most common import partners for Turkmenistan are Turkey ($744M), Russia ($543M), China ($431M), United Arab Emirates ($267M), and Germany ($180M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Turkmenistan are Cigarettes containing tobacco (150%) and Cigars, cheroots and cigarillos, containing tobacco (150%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Turkmenistan are:
136: Most Favoured Nation duty rate treatement

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 (49.2), Non-Retail Pure Cotton Yarn (23.2), Sulphur (20.4), Halogens (15.9), and Other Vegetable Products (9.08). 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 Compounds, mixes of rare-earths, yttrium, scandium nes (0.79), Synth monofilament >67dtex <1mm, strip, straw<5mm wide (0.65), Polymers of propylene, other olefins in primary forms (0.27), Float glass, surface ground, polished glass in sheets (0.059), and Electrical energy (-0.56). 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 Crude Petroleum (0.067), Gold (0.054), Insect Resins (0.052), Other Oily Seeds (0.05), and Other Nuts (0.05). 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 it is currently specialized 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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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.

Economic Complexity Ranking

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During the last 19 years Turkmenistan's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨88th to the 104th⁩ 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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