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Pricing

2023
Flag → Flag
Exports $29.4MRnk 148 / 223
2023
Flag → Flag
Top Product $7.32MIndustrial Fatty Acids, Oils and Alcohols
2023
Flag → Flag
Exports $17.7MRnk 21 / 99
2023
Flag → Flag
Top Product $15MHalogens
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

United Kingdom-Turkmenistan Trade: In 2023, United Kingdom exported $29.4M to Turkmenistan. The main products that United Kingdom exported to Turkmenistan were Industrial Fatty Acids, Oils and Alcohols ($7.32M), Reaction and Catalytic Products ($4.66M), and Gas Turbines ($3.57M). Over the past 5 years the exports of United Kingdom to Turkmenistan have decreased at an annualized rate of 3.06%, from $34.3M in 2018 to $29.4M in 2023.

In 2023, United Kingdom did not export any services to Turkmenistan.

Turkmenistan-United Kingdom Trade: In 2023, Turkmenistan exported $17.7M to United Kingdom. The main products that Turkmenistan exported to United Kingdom were Halogens ($15M), Precious Metal Scraps ($1.71M), and Non-Knit Men's Suits ($204k). Over the past 5 years the exports of Turkmenistan to United Kingdom have increased at an annualized rate of 12.6%,  from $4.24M in 2018 to $17.7M in 2023.

In 2023, Turkmenistan did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £4.17M and imported £1.43M from Turkmenistan, resulting in a positive trade balance of £2.74M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £3.44M (472%) from £729k to £4.17M, while imports decreased by £-1.03M (-41.9%) from £2.46M to £1.43M.

Trade In November 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 November 2024 the top imports of United Kingdom from Turkmenistan were Halogens (£2.27M) and Tufted Carpets (£24.2k).

Origins In November 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£3.04M), London Gatwick Airport (£317k), Tyne (£288k), London Heathrow Airport (£227k), and Manchester Airport (£148k), while imports destinations were mainly London Gatwick Airport (£1.41M) and London Heathrow Airport (£16.7k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in Other Iron Products (£100k or 5.52k%), Low-voltage Protection Equipment (£13.2k or 822%), and Portable Lighting (£390 or 26.1%). In November 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

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£3.44M(472%)
IMPORT GROWTH (November 2023 - November 2024)£-1.03M(-41.9%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£3.04M

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 2023, United Kingdom exported $29.4M to Turkmenistan. The main products exported from United Kingdom to Turkmenistan were Industrial Fatty Acids, Oils and Alcohols ($7.32M), Reaction and Catalytic Products ($4.66M), and Gas Turbines ($3.57M). During the last 5 years the exports of United Kingdom to Turkmenistan have decreased at an annualized rate of 3.06%, from $34.3M in 2018 to $29.4M in 2023.

In 2018, Turkmenistan exported $17.7M to United Kingdom. The main products exported from Turkmenistan to United Kingdom were Halogens ($15M), Precious Metal Scraps ($1.71M), and Non-Knit Men's Suits ($204k). During the last 5 years the exports of Turkmenistan to United Kingdom have increased at an annualized rate of 12.6%, from $4.24M in 2023 to $17.7M in 2018.

Exports from United Kingdom (Flag) to Turkmenistan (Flag) (2023)

Exports from Turkmenistan (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Turkmenistan
Top DestinationChina$9.63B

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 2023, countries that imported more from United Kingdom than Turkmenistan included United States ($59.7B), Germany ($34.6B), and Netherlands ($29.8B).

In 2023, countries that imported more from Turkmenistan than United Kingdom included Uzbekistan ($950M), Azerbaijan ($687M), and Greece ($1.03B).

Difference in imports from Turkmenistan (Flag) and United Kingdom (Flag) (2023)

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 2023, United Kingdom had a large net trade with Turkmenistan in the exports of Chemical Products ($12.4M), Machines ($9.34M), and Precious Metals ($2.3M).

During 2018, Turkmenistan had a large net trade with United Kingdom in the exports of Chemical Products ($15M), Precious Metals ($1.71M), and Textiles ($401k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Turkmenistan (Flag) (2023)

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