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2023
Flag → Flag
Exports $8.88MRnk 48 / 158
2023
Flag → Flag
Top Product $1.54MPackaged Medicaments
2023
Flag → Flag
Exports $92MRnk 9 / 99
2023
Flag → Flag
Top Product $84.5MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.13Rnk 55 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH75.7%CURRENT US$
Rnk 33 / 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 $8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH75.8%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

Georgia-Turkmenistan Trade: In 2023, Georgia exported $8.88M to Turkmenistan. The main products that Georgia exported to Turkmenistan were Packaged Medicaments ($1.54M), Orthopedic Appliances ($1.18M), and Iron Structures ($1M). Over the past 5 years the exports of Georgia to Turkmenistan have decreased at an annualized rate of 25.7%, from $39.1M in 2018 to $8.88M in 2023.

In 2023, Georgia did not export any services to Turkmenistan.

Turkmenistan-Georgia Trade: In 2023, Turkmenistan exported $92M to Georgia. The main products that Turkmenistan exported to Georgia were Refined Petroleum ($84.5M), Delivery Trucks ($1.72M), and Nitrogenous Fertilizers ($1.2M). Over the past 5 years the exports of Turkmenistan to Georgia have decreased at an annualized rate of 12%,  from $174M in 2018 to $92M in 2023.

In 2023, Turkmenistan did not export any services to Georgia.

Comparison: In 2023,  Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Georgia exported $8.88M to Turkmenistan. The main products exported from Georgia to Turkmenistan were Packaged Medicaments ($1.54M), Orthopedic Appliances ($1.18M), and Iron Structures ($1M). During the last 5 years the exports of Georgia to Turkmenistan have decreased at an annualized rate of 25.7%, from $39.1M in 2018 to $8.88M in 2023.

In 2018, Turkmenistan exported $92M to Georgia. The main products exported from Turkmenistan to Georgia were Refined Petroleum ($84.5M), Delivery Trucks ($1.72M), and Nitrogenous Fertilizers ($1.2M). During the last 5 years the exports of Turkmenistan to Georgia have decreased at an annualized rate of 12%, from $174M in 2023 to $92M in 2018.

Exports from Georgia (Flag) to Turkmenistan (Flag) (2023)

Exports from Turkmenistan (Flag) to Georgia (Flag) (2023)

Latest Data

Trade between Georgia (Flag) and Turkmenistan (Flag)

Georgia Exports

Market Competitiveness

Color
Georgia
Top DestinationAzerbaijan$828M
Turkmenistan
Top DestinationChina$9.63B

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

In 2023, countries that imported more from Georgia than Turkmenistan included Armenia ($712M), Russia ($657M), and Kyrgyzstan ($519M).

In 2023, countries that imported more from Turkmenistan than Georgia included China ($9.63B), Greece ($1.03B), and Turkey ($1.66B).

Difference in imports from Turkmenistan (Flag) and Georgia (Flag) (2023)

Comparative Advantage Georgia - Turkmenistan

Flow
Scale

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

During 2023, Georgia had a large net trade with Turkmenistan in the exports of Foodstuffs ($2.29M), Metals ($1.81M), and Chemical Products ($1.56M).

During 2018, Turkmenistan had a large net trade with Georgia in the exports of Mineral Products ($84.8M), Transportation ($2.62M), and Plastics and Rubbers ($1.27M).

Economic Complexity

Competitive Landscape

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

Product Space of Georgia (Flag) and Turkmenistan (Flag) (2023)

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