2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC 
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Austria-Turkmenistan Trade: In 2022, Austria exported $26.1M to Turkmenistan. The main products that Austria exported to Turkmenistan were Artificial Textile Machinery ($4.12M), Iron Pipes ($2.88M), and Vaccines, blood, antisera, toxins and cultures ($2.17M). Over the past 5 years the exports of Austria to Turkmenistan have decreased at an annualized rate of 1.78%, from $28.6M in 2017 to $26.1M in 2022.

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

Turkmenistan-Austria Trade: In 2022, Turkmenistan exported $81.2k to Austria. The main products that Turkmenistan exported to Austria were Sausages ($28.1k), Washing and Bottling Machines ($15.7k), and Knotted Carpets ($15.1k). Over the past 5 years the exports of Turkmenistan to Austria have decreased at an annualized rate of 40.5%,  from $1.09M in 2017 to $81.2k in 2022.

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

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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, Austria exported $26.1M to Turkmenistan. The main products exported from Austria to Turkmenistan were Artificial Textile Machinery ($4.12M), Iron Pipes ($2.88M), and Vaccines, blood, antisera, toxins and cultures ($2.17M). During the last 5 years the exports of Austria to Turkmenistan have decreased at an annualized rate of 1.78%, from $28.6M in 2017 to $26.1M in 2022.

In 2017, Turkmenistan exported $81.2k to Austria. The main products exported from Turkmenistan to Austria were Sausages ($28.1k), Washing and Bottling Machines ($15.7k), and Knotted Carpets ($15.1k). During the last 5 years the exports of Turkmenistan to Austria have decreased at an annualized rate of 40.5%, from $1.09M in 2022 to $81.2k in 2017.

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

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

Latest Data

Trade between Austria (Flag) and Turkmenistan (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Turkmenistan
Top Destination
China$8.88B

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

In 2022, countries that imported more from Austria than Turkmenistan included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Turkmenistan than Austria included China ($8.88B), Uzbekistan ($664M), and Azerbaijan ($460M).

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

Comparative Advantage Austria - Turkmenistan

Flow
Scale

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

During 2022, Austria had a large net trade with Turkmenistan in the exports of Machines ($9.55M), Chemical Products ($5.47M), and Metals ($3.82M).

During 2017, Turkmenistan had a large net trade with Austria in the exports of Foodstuffs ($28.1k), Machines ($20.9k), and Textiles ($15.8k).

Economic Complexity

Competitive Landscape

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

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

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