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Pricing

2022
Flag → Flag
Exports $72.8MRnk 132 / 221
2022
Flag → Flag
Top Product $22.2MNavigation Equipment
2022
Flag → Flag
Exports $64.5MRnk 13 / 95
2022
Flag → Flag
Top Product $41.3MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Italy-Turkmenistan Trade: In 2022, Italy exported $72.8M to Turkmenistan. The main products that Italy exported to Turkmenistan were Navigation Equipment ($22.2M), Gas Turbines ($4.67M), and Soil Preparation Machinery ($3.32M). Over the past 5 years the exports of Italy to Turkmenistan have decreased at an annualized rate of 9.88%, from $123M in 2017 to $72.8M in 2022.

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

Turkmenistan-Italy Trade: In 2022, Turkmenistan exported $64.5M to Italy. The main products that Turkmenistan exported to Italy were Nitrogenous Fertilizers ($41.3M), Planes, Helicopters, and/or Spacecraft ($15.8M), and Heavy Pure Woven Cotton ($3.46M). Over the past 5 years the exports of Turkmenistan to Italy have decreased at an annualized rate of 10.8%,  from $128M in 2017 to $64.5M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €3.3M and imported €7.5M from Turkmenistan, resulting in a negative trade balance of €4.2M. Between June 2023 and June 2024 the exports of Italy have decreased by €-5.82M (-63.8%) from €9.12M to €3.3M, while imports decreased by €-1.75M (-18.9%) from €9.25M to €7.5M.

Growth In June 2024, the decrease in Italy's year-by-year exports to Turkmenistan was explained primarily by an decrease in product exports in . In June 2024, the decrease in Italy'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 (June 2023 - June 2024)€-5.82M(-63.8%)
IMPORT GROWTH (June 2023 - June 2024)€-1.75M(-18.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Turkmenistan and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $72.8M to Turkmenistan. The main products exported from Italy to Turkmenistan were Navigation Equipment ($22.2M), Gas Turbines ($4.67M), and Soil Preparation Machinery ($3.32M). During the last 5 years the exports of Italy to Turkmenistan have decreased at an annualized rate of 9.88%, from $123M in 2017 to $72.8M in 2022.

In 2017, Turkmenistan exported $64.5M to Italy. The main products exported from Turkmenistan to Italy were Nitrogenous Fertilizers ($41.3M), Planes, Helicopters, and/or Spacecraft ($15.8M), and Heavy Pure Woven Cotton ($3.46M). During the last 5 years the exports of Turkmenistan to Italy have decreased at an annualized rate of 10.8%, from $128M in 2022 to $64.5M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from Italy than Turkmenistan included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Turkmenistan than Italy included Uzbekistan ($664M), Azerbaijan ($460M), and Tajikistan ($47.5M).

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

Comparative Advantage Italy - Turkmenistan

Flow
Scale

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

During 2022, Italy had a large net trade with Turkmenistan in the exports of Machines ($55.4M), Instruments ($3.84M), and Metals ($3.55M).

During 2017, Turkmenistan had a large net trade with Italy in the exports of Chemical Products ($42.2M), Transportation ($15.8M), and Textiles ($5.5M).

Economic Complexity

Competitive Landscape

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

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

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