2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

India-Turkmenistan Trade: In 2022, India exported $87.9M to Turkmenistan. The main products that India exported to Turkmenistan were Raw Sugar ($30.7M), Packaged Medicaments ($25.2M), and Frozen Bovine Meat ($6.49M). Over the past 5 years the exports of India to Turkmenistan have increased at an annualized rate of 8.09%, from $59.6M in 2017 to $87.9M in 2022.

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

Turkmenistan-India Trade: In 2022, Turkmenistan exported $90.5M to India. The main products that Turkmenistan exported to India were Nitrogenous Fertilizers ($64.6M), Potassic Fertilizers ($17.3M), and Halogens ($6.92M). Over the past 5 years the exports of Turkmenistan to India have increased at an annualized rate of 19.7%,  from $14.9M in 2017 to $90.5M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $87.9M to Turkmenistan. The main products exported from India to Turkmenistan were Raw Sugar ($30.7M), Packaged Medicaments ($25.2M), and Frozen Bovine Meat ($6.49M). During the last 5 years the exports of India to Turkmenistan have increased at an annualized rate of 8.09%, from $59.6M in 2017 to $87.9M in 2022.

In 2017, Turkmenistan exported $90.5M to India. The main products exported from Turkmenistan to India were Nitrogenous Fertilizers ($64.6M), Potassic Fertilizers ($17.3M), and Halogens ($6.92M). During the last 5 years the exports of Turkmenistan to India have increased at an annualized rate of 19.7%, from $14.9M in 2022 to $90.5M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Turkmenistan
Top Destination
China$8.88B

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

In 2022, countries that imported more from India than Turkmenistan included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Turkmenistan

Flow
Scale

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

During 2022, India had a large net trade with Turkmenistan in the exports of Foodstuffs ($31.3M), Chemical Products ($29.2M), and Machines ($9.39M).

During 2017, Turkmenistan had a large net trade with India in the exports of Chemical Products ($88.9M), Mineral Products ($1.53M), and Textiles ($86.9k).

Economic Complexity

Competitive Landscape

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

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

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