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2022
Flag → Flag
Exports $26.5kRnk 211 / 213
2022
Flag → Flag
Top Product $16.2kLiquid Pumps
2022
Flag → Flag
Exports $15kRnk 60 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag  
GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Australia-Turkmenistan Trade: In 2022, Australia exported $26.5k to Turkmenistan. The main products that Australia exported to Turkmenistan were Liquid Pumps ($16.2k), Machinery Having Individual Functions ($7.21k), and Excavation Machinery ($3.13k). Over the past 6 years the exports of Australia to Turkmenistan have decreased at an annualized rate of 45.2%, from $982k in 2016 to $26.5k in 2022.

In 2022, Australia did not export any services to Turkmenistan.

Turkmenistan-Australia Trade: In 2022, Turkmenistan exported $15k to Australia. The main products that Turkmenistan exported to Australia were N/A. Over the past 6 years the exports of Turkmenistan to Australia have decreased at an annualized rate of 60.7%,  from $1.6M in 2016 to $15k in 2022.

In 2022, Turkmenistan did not export any services to Australia.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $26.5k to Turkmenistan. The main products exported from Australia to Turkmenistan were Liquid Pumps ($16.2k), Machinery Having Individual Functions ($7.21k), and Excavation Machinery ($3.13k). During the last 6 years the exports of Australia to Turkmenistan have decreased at an annualized rate of 45.2%, from $982k in 2016 to $26.5k in 2022.

In 2016, Turkmenistan exported $15k to Australia. There were not main exports from Turkmenistan to Australia in 2016. During the last 5 years the exports of Turkmenistan to Australia have decreased at an annualized rate of 60.7%, from $1.6M in 2021 to $15k in 2016.

Exports from Australia (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Turkmenistan (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top DestinationChina$123B
Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from Australia than Turkmenistan included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Turkmenistan than Australia included Uzbekistan ($664M), Azerbaijan ($460M), and Georgia ($168M).

Difference in imports from Turkmenistan (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Turkmenistan

Flow
Scale

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

During 2022, Australia had a large net trade with Turkmenistan in the exports of Machines ($26.5k).

During 2016, Turkmenistan had a large net trade with Australia in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Australia (Flag) and Turkmenistan (Flag) (2022)

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