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2023
Flag → Flag
Exports $18.3MRnk 29 / 133
2023
Flag → Flag
Top Product $17.7MJewellery
2023
Flag → Flag
Exports $3.05MRnk 35 / 99
2023
Flag → Flag
Top Product $2.47MNon-Retail Pure Cotton Yarn
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

Armenia-Turkmenistan Trade: In 2023, Armenia exported $18.3M to Turkmenistan. The main products that Armenia exported to Turkmenistan were Jewellery ($17.7M), Precious Metal Watches ($259k), and Hard Liquor ($84.7k). Over the past 5 years the exports of Armenia to Turkmenistan have increased at an annualized rate of 42.9%, from $3.06M in 2018 to $18.3M in 2023.

In 2023, Armenia did not export any services to Turkmenistan.

Turkmenistan-Armenia Trade: In 2023, Turkmenistan exported $3.05M to Armenia. The main products that Turkmenistan exported to Armenia were Non-Retail Pure Cotton Yarn ($2.47M), Raw Cotton ($189k), and House Linens ($128k). Over the past 5 years the exports of Turkmenistan to Armenia have decreased at an annualized rate of 35.5%,  from $27.5M in 2018 to $3.05M in 2023.

In 2023, Turkmenistan did not export any services to Armenia.

Comparison: In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $18.3M to Turkmenistan. The main products exported from Armenia to Turkmenistan were Jewellery ($17.7M), Precious Metal Watches ($259k), and Hard Liquor ($84.7k). During the last 5 years the exports of Armenia to Turkmenistan have increased at an annualized rate of 42.9%, from $3.06M in 2018 to $18.3M in 2023.

In 2018, Turkmenistan exported $3.05M to Armenia. The main products exported from Turkmenistan to Armenia were Non-Retail Pure Cotton Yarn ($2.47M), Raw Cotton ($189k), and House Linens ($128k). During the last 5 years the exports of Turkmenistan to Armenia have decreased at an annualized rate of 35.5%, from $27.5M in 2023 to $3.05M in 2018.

Exports from Armenia (Flag) to Turkmenistan (Flag) (2023)

Exports from Turkmenistan (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Turkmenistan (Flag)

Armenia Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Turkmenistan
Top DestinationChina$9.63B

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

In 2023, countries that imported more from Armenia than Turkmenistan included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Turkmenistan than Armenia included China ($9.63B), Turkey ($1.66B), and Greece ($1.03B).

Difference in imports from Turkmenistan (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Turkmenistan

Flow
Scale

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

During 2023, Armenia had a large net trade with Turkmenistan in the exports of Precious Metals ($17.7M), Instruments ($347k), and Foodstuffs ($159k).

During 2018, Turkmenistan had a large net trade with Armenia in the exports of Textiles ($2.95M), Foodstuffs ($45k), and Machines ($38.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Armenia (Flag) and Turkmenistan (Flag) (2023)

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