2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186

About

Georgia-Turkmenistan Trade: In 2022, Georgia exported $18.5M to Turkmenistan. The main products that Georgia exported to Turkmenistan were Poultry Meat ($9.2M), Packaged Medicaments ($1.2M), and Iron Structures ($1.17M). Over the past 5 years the exports of Georgia to Turkmenistan have decreased at an annualized rate of 3%, from $21.6M in 2017 to $18.5M in 2022.

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

Turkmenistan-Georgia Trade: In 2022, Turkmenistan exported $168M to Georgia. The main products that Turkmenistan exported to Georgia were Refined Petroleum ($159M), Petroleum Coke ($1.67M), and Propylene Polymers ($1.6M). Over the past 5 years the exports of Turkmenistan to Georgia have increased at an annualized rate of 7.03%,  from $120M in 2017 to $168M in 2022.

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

Comparison: In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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, Georgia exported $18.5M to Turkmenistan. The main products exported from Georgia to Turkmenistan were Poultry Meat ($9.2M), Packaged Medicaments ($1.2M), and Iron Structures ($1.17M). During the last 5 years the exports of Georgia to Turkmenistan have decreased at an annualized rate of 3%, from $21.6M in 2017 to $18.5M in 2022.

In 2017, Turkmenistan exported $168M to Georgia. The main products exported from Turkmenistan to Georgia were Refined Petroleum ($159M), Petroleum Coke ($1.67M), and Propylene Polymers ($1.6M). During the last 5 years the exports of Turkmenistan to Georgia have increased at an annualized rate of 7.03%, from $120M in 2022 to $168M in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Turkmenistan (Flag)

Georgia Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Turkmenistan
Top Destination
China$8.88B

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 2022, countries that imported more from Georgia than Turkmenistan included Russia ($642M), Armenia ($571M), and Bulgaria ($502M).

In 2022, countries that imported more from Turkmenistan than Georgia included China ($8.88B), Uzbekistan ($664M), and Turkey ($884M).

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

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 2022, Georgia had a large net trade with Turkmenistan in the exports of Animal Products ($9.2M), Foodstuffs ($2.65M), and Metals ($1.94M).

During 2017, Turkmenistan had a large net trade with Georgia in the exports of Mineral Products ($161M), Plastics and Rubbers ($2.49M), and Transportation ($1.48M).

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) (2022)

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