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Pricing

2022
Flag → Flag
Exports $17.3MRnk 169 / 224
2022
Flag → Flag
Top Product $2.76MIndustrial Fatty Acids, Oils and Alcohols
2022
Flag → Flag
Exports $59.4MRnk 14 / 95
2022
Flag → Flag
Top Product $21.7MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 81 / 124
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

United Kingdom-Turkmenistan In 2022, United Kingdom exported $17.3M to Turkmenistan. The main products that United Kingdom exported to Turkmenistan are Industrial Fatty Acids, Oils and Alcohols ($2.76M), Aircraft Parts ($1.61M), and Packaged Medicaments ($1.47M). During the last 27 years the exports of United Kingdom to Turkmenistan have increased at an annualized rate of 3.91%, from $6.13M in 1995 to $17.3M in 2022.

In 2022, United Kingdom did not export any services to Turkmenistan.

Turkmenistan-United Kingdom In 2022, Turkmenistan exported $59.4M to United Kingdom. The main products that Turkmenistan exported to United Kingdom were Refined Petroleum ($21.7M), Aircraft Parts ($13.3M), and Halogens ($13M). During the last 27 years the exports of Turkmenistan to United Kingdom have increased at an annualized rate of 16.6%, from $946k in 1995 to $59.4M in 2022.

In 2022, Turkmenistan did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Turkmenistan ranked 81 in the Economic Complexity Index (ECI -0.44), and 95 in total exports ($12.5B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £789k and imported £1.95M from Turkmenistan, resulting in a negative trade balance of £1.16M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-1.11M (-58.4%) from £1.9M to £789k, while imports decreased by £-349k (-15.2%) from £2.3M to £1.95M.

Trade In January 2024, the top exports of United Kingdom to Turkmenistan were Reaction and Catalytic Products (£643k), Semiconductor Devices (£198k), Cathode Tubes (£142k), Electrical Transformers (£106k), and Other Iron Products (£102k). In January 2024 the top imports of United Kingdom from Turkmenistan were Halogens (£2.27M) and Tufted Carpets (£24.2k).

Origins In January 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£334k), Felixstowe (£225k), Dover Eurotunnel (£154k), Aberdeen Airport (£19.7k), and Dover (£17.5k), while imports destinations were mainly Felixstowe (£45.9k) and London Heathrow Airport (£1.8k).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Turkmenistan was explained primarily by an decrease in product exports in Valves (£-71.7k or -58.5%) and Gas and Liquid Flow Measuring Instruments (£-2.12k or -31.3%). In January 2024, the decrease in United Kingdom's year-by-year imports  from Turkmenistan was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£-1.11M(-58.4%)
IMPORT GROWTH (January 2023 - January 2024)£-349k(-15.2%)
MAIN EXPORTER (January 2024)London Heathrow Airport£334k

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

To check Turkmenistan and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkmenistan and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $17.3M to Turkmenistan. The main products exported from United Kingdom to Turkmenistan were Industrial Fatty Acids, Oils and Alcohols ($2.76M), Aircraft Parts ($1.61M), and Packaged Medicaments ($1.47M). During the last 27 years the exports of United Kingdom to Turkmenistan have increased at an annualized rate of 3.91%, from $6.13M in 1995 to $17.3M in 2022.

In 2022, Turkmenistan exported $59.4M to United Kingdom. The main products exported from Turkmenistan to United Kingdom were Refined Petroleum ($21.7M), Aircraft Parts ($13.3M), and Halogens ($13M). During the last 27 years the exports of Turkmenistan to United Kingdom have increased at an annualized rate of 16.6%, from $946k in 1995 to $59.4M in 2022.

Exports from United Kingdom (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Turkmenistan
Top DestinationChina$8.88B

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

In 2021, countries that imported more from United Kingdom than Turkmenistan were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Turkmenistan than United Kingdom were Uzbekistan ($664M), Tajikistan ($47.5M), and Georgia ($168M).

Difference in imports from Turkmenistan (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Turkmenistan

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Turkmenistan in the exports of Chemical Products ($6.78M), Machines ($5.92M), and Transportation ($1.7M).

During 2022, Turkmenistan had a large net trade with United Kingdom in the exports of Chemical Products ($23M), Mineral Products ($21.7M), and Transportation ($13.3M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Turkmenistan. Similarly, the more yellow a dot/product is, the more Turkmenistan has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Turkmenistan (Flag) (2022)

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