India (IND) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

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India-Turkmenistan Trade: In 2023, India exported $45.2M to Turkmenistan. The main products that India exported to Turkmenistan were Packaged Medicaments ($26.3M), Raw Sugar ($2.37M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($2.34M). Over the past 5 years the exports of India to Turkmenistan have increased at an annualized rate of 1.36%, from $42.2M in 2018 to $45.2M in 2023.

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

Turkmenistan-India Trade: In 2023, Turkmenistan exported $212M to India. The main products that Turkmenistan exported to India were Potassic Fertilizers ($160M), Nitrogenous Fertilizers ($27.3M), and Halogens ($22M). Over the past 5 years the exports of Turkmenistan to India have increased at an annualized rate of 45%, from $33M in 2018 to $212M in 2023.

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

Comparison: In 2023, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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

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Overview In November 2024, India exported $3.24M and imported $8.49M from Turkmenistan, resulting in a negative trade balance of $5.25M. Between November 2023 and November 2024 the exports of India have increased by $955k (41.8%) from $2.29M to $3.24M, while imports increased by $5.68M (202%) from $2.81M to $8.49M.

Trade In November 2024, the top exports of India to Turkmenistan were Drug Formulations, Biologicals ($3.3M), Sugar ($2.13M), Iron And Steel ($423k), Indl. Machnry For Dairy Etc ($261k), and Surgicals ($137k). In November 2024 the top imports of India from Turkmenistan were Processed Minerals ($15.9k) and Other Commodities ($6).

Growth In November 2024, the increase in India's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($1.21M or 57.9%), Sugar ($670k or 45.7%), and Indl. Machnry For Dairy Etc ($104k or 66.1%). In November 2024, the increase in India's year-by-year imports from Turkmenistan was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$955k(41.8%)

IMPORT GROWTH (November 2023 - November 2024)$5.68M(202%)

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

To check Turkmenistan and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, India exported $45.2M to Turkmenistan. The main products exported from India to Turkmenistan were Packaged Medicaments ($26.3M), Raw Sugar ($2.37M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($2.34M). During the last 5 years the exports of India to Turkmenistan have increased at an annualized rate of 1.36%, from $42.2M in 2018 to $45.2M in 2023.

In 2018, Turkmenistan exported $212M to India. The main products exported from Turkmenistan to India were Potassic Fertilizers ($160M), Nitrogenous Fertilizers ($27.3M), and Halogens ($22M). During the last 5 years the exports of Turkmenistan to India have increased at an annualized rate of 45%, from $33M in 2023 to $212M in 2018.

Exports from India () to Turkmenistan () (2023)

Exports from Turkmenistan () to India () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$85.5B

Turkmenistan
Top DestinationChina$9.63B

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 2023, countries that imported more from India than Turkmenistan included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

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

Difference in imports from Turkmenistan () and India () (2023)

Comparative Advantage India - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, India had a large net trade with Turkmenistan in the exports of Chemical Products ($31.6M), Machines ($4.28M), and Foodstuffs ($3.9M).

During 2018, Turkmenistan had a large net trade with India in the exports of Chemical Products ($210M), Mineral Products ($1.73M), and Textiles ($432k).

Economic Complexity

Competitive Landscape

Year

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.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Turkmenistan () (2023)

Exports from Turkmenistan () to India () (2023)

Market Competitiveness

Difference in imports from Turkmenistan () and India () (2023)

Comparative Advantage India - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of India () and Turkmenistan () (2023)

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