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2022
Flag → Flag
Exports $8.06MRnk 177 / 218
2022
Flag → Flag
Top Product $673kCocoa Powder
2022
Flag → Flag
Exports $12.5MRnk 32 / 95
2022
Flag → Flag
Top Product $3.52MNitrogenous Fertilizers
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Turkmenistan Trade: In 2022, Spain exported $8.06M to Turkmenistan. The main products that Spain exported to Turkmenistan were Cocoa Powder ($673k), Liquid Pumps ($590k), and Unglazed Ceramics ($536k). Over the past 5 years the exports of Spain to Turkmenistan have increased at an annualized rate of 31.2%, from $2.07M in 2017 to $8.06M in 2022.

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

Turkmenistan-Spain Trade: In 2022, Turkmenistan exported $12.5M to Spain. The main products that Turkmenistan exported to Spain were Nitrogenous Fertilizers ($3.52M), Ethylene Polymers ($1.82M), and Cast Iron Pipes ($388k). Over the past 5 years the exports of Turkmenistan to Spain have increased at an annualized rate of 4.46%,  from $10M in 2017 to $12.5M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Latest Trends

March, 2024

About

Overview In March 2024, Spain exported €546k and imported €37.5k from Turkmenistan, resulting in a positive trade balance of €508k. Between March 2023 and March 2024 the exports of Spain have decreased by €-1M (-64.7%) from €1.55M to €546k, while imports increased by €35.1k (1.5k%) from €2.35k to €37.5k.

Trade In March 2024, the top exports of Spain to Turkmenistan were Poultry (€204k), Refractory Bricks (€149k), Brooms (€99.6k), Dental Products (€15.6k), and Paper Containers (€15.2k). In March 2024 the top imports of Spain from Turkmenistan were Ethylene Polymers (€64.8k), Knit Sweaters (€285), Non-Knit Women's Suits (€179), and Commodities not elsewhere specified (€3.99).

Origins In March 2024 the exports of Spain were mainly from Toledo (€396k), Pontevedra (€107k), Castellón (€28.2k), Álava (€7.44k), and Barcelona (€5.93k), while imports destinations were mainly Barcelona (€37.5k).

Growth In March 2024, the decrease in Spain's year-by-year exports to Turkmenistan was explained primarily by an decrease in product exports in Commodities not elsewhere specified (€-145 or -84.6%). In March 2024, the increase in Spain's year-by-year imports  from Turkmenistan was explained primarily by an increase in product imports  in Ethylene Polymers (€35.2k or 119%) and Commodities not elsewhere specified (€0.69 or 20.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)€-1M(-64.7%)
IMPORT GROWTH (March 2023 - March 2024)€35.1k(1.5k%)
MAIN EXPORTER (March 2024)Toledo€396k

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Turkmenistan and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkmenistan and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $8.06M to Turkmenistan. The main products exported from Spain to Turkmenistan were Cocoa Powder ($673k), Liquid Pumps ($590k), and Unglazed Ceramics ($536k). During the last 5 years the exports of Spain to Turkmenistan have increased at an annualized rate of 31.2%, from $2.07M in 2017 to $8.06M in 2022.

In 2017, Turkmenistan exported $12.5M to Spain. The main products exported from Turkmenistan to Spain were Nitrogenous Fertilizers ($3.52M), Ethylene Polymers ($1.82M), and Cast Iron Pipes ($388k). During the last 22 years the exports of Turkmenistan to Spain have increased at an annualized rate of 4.46%, from $10M in 1995 to $12.5M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from Spain than Turkmenistan included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Turkmenistan

Flow
Scale

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

During 2022, Spain had a large net trade with Turkmenistan in the exports of Machines ($1.48M), Foodstuffs ($1M), and Stone And Glass ($601k).

During 2017, Turkmenistan had a large net trade with Spain in the exports of Chemical Products ($3.79M), Plastics and Rubbers ($1.86M), and Metals ($388k).

Economic Complexity

Competitive Landscape

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

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

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