South Korea (KOR) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

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South Korea-Turkmenistan Trade: In 2022, South Korea exported $8.54M to Turkmenistan. The main products that South Korea exported to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). Over the past 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%, from $131M in 2017 to $8.54M in 2022.

In 2022, South Korea did not export any services to Turkmenistan.

Turkmenistan-South Korea Trade: In 2022, Turkmenistan exported $33k to South Korea. The main products that Turkmenistan exported to South Korea were Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). Over the past 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 7.96%, from $50k in 2017 to $33k in 2022.

In 2022, Turkmenistan did not export any services to South Korea.

Comparison: In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Latest Trends

August, 2024

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Overview In August 2024, South Korea exported $942k and imported $0 from Turkmenistan, resulting in a positive trade balance of $942k. Between August 2023 and August 2024 the exports of South Korea have increased by $278k (41.9%) from $664k to $942k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In August 2024, the top exports of South Korea to Turkmenistan were Cars, tractors, trucks & parts thereof. ($277k), Rubber & articles thereof ($41k), Perfumery & cosmetics ($18k), Machinery, mechanical appliances, & parts ($7k), and Chemical products n.e.s. ($6k). In August 2024 the top imports of South Korea from Turkmenistan were Perfumery & cosmetics ($0), Chemical products n.e.s. ($0), Rubber & articles thereof ($0), Knitted clothing accesories ($0), and Machinery, mechanical appliances, & parts ($0).

Growth In August 2024, the increase in South Korea's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($239k or 629%). In August 2024, the change in South Korea's year-by-year imports from Turkmenistan was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $8.54M to Turkmenistan. The main products exported from South Korea to Turkmenistan were Vaccines, blood, antisera, toxins and cultures ($2.39M), Motor vehicles; parts and accessories (8701 to 8705) ($1.56M), and Ethylene Polymers ($1.34M). During the last 5 years the exports of South Korea to Turkmenistan have decreased at an annualized rate of 42.1%, from $131M in 2017 to $8.54M in 2022.

In 2017, Turkmenistan exported $33k to South Korea. The main products exported from Turkmenistan to South Korea were Industrial Fatty Acids, Oils and Alcohols ($24.5k), Used Clothing ($6.5k), and Trunks and Cases ($1.5k). During the last 5 years the exports of Turkmenistan to South Korea have decreased at an annualized rate of 7.96%, from $50k in 2022 to $33k in 2017.

Exports from South Korea () to Turkmenistan () (2022)

Exports from Turkmenistan () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from South Korea than Turkmenistan included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Turkmenistan than South Korea included Azerbaijan ($460M) and Georgia ($168M).

Difference in imports from Turkmenistan () and South Korea () (2022)

Comparative Advantage South Korea - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Turkmenistan in the exports of Chemical Products ($2.49M), Plastics and Rubbers ($2.33M), and Transportation ($2.04M).

During 2017, Turkmenistan had a large net trade with South Korea in the exports of Chemical Products ($24.5k), Textiles ($6.66k), and Animal Hides ($1.5k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Turkmenistan () (2022)

Exports from Turkmenistan () to South Korea () (2022)

Market Competitiveness

Difference in imports from Turkmenistan () and South Korea () (2022)

Comparative Advantage South Korea - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Turkmenistan () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Turkmenistan () (2022)

Exports from Turkmenistan () to South Korea () (2022)

Market Competitiveness

Difference in imports from Turkmenistan () and South Korea () (2022)

Comparative Advantage South Korea - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Turkmenistan () (2022)

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