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2022
Flag → Flag
Exports $3.45MRnk 161 / 215
2022
Flag → Flag
Top Product $1.13MMachinery Having Individual Functions
2022
Flag → Flag
Exports $140MRnk 8 / 95
2022
Flag → Flag
Top Product $140MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.56Rnk 90 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
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GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Singapore-Turkmenistan Trade: In 2022, Singapore exported $3.45M to Turkmenistan. The main products that Singapore exported to Turkmenistan were Machinery Having Individual Functions ($1.13M), Valves ($670k), and Excavation Machinery ($398k). Over the past 5 years the exports of Singapore to Turkmenistan have decreased at an annualized rate of 23.9%, from $13.5M in 2017 to $3.45M in 2022.

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

Turkmenistan-Singapore Trade: In 2022, Turkmenistan exported $140M to Singapore. The main products that Turkmenistan exported to Singapore were Refined Petroleum ($140M), Apples and Pears ($131k), and Other Electrical Machinery ($3.35k). Over the past 5 years the exports of Turkmenistan to Singapore have increased at an annualized rate of 243%,  from $294k in 2017 to $140M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $3.45M to Turkmenistan. The main products exported from Singapore to Turkmenistan were Machinery Having Individual Functions ($1.13M), Valves ($670k), and Excavation Machinery ($398k). During the last 5 years the exports of Singapore to Turkmenistan have decreased at an annualized rate of 23.9%, from $13.5M in 2017 to $3.45M in 2022.

In 2017, Turkmenistan exported $140M to Singapore. The main products exported from Turkmenistan to Singapore were Refined Petroleum ($140M), Apples and Pears ($131k), and Other Electrical Machinery ($3.35k). During the last 5 years the exports of Turkmenistan to Singapore have increased at an annualized rate of 243%, from $294k in 2022 to $140M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Turkmenistan (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Turkmenistan
Top DestinationChina$8.88B

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

In 2022, countries that imported more from Singapore than Turkmenistan included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Turkmenistan than Singapore included Uzbekistan ($664M), Azerbaijan ($460M), and Turkey ($884M).

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

Comparative Advantage Singapore - Turkmenistan

Flow
Scale

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

During 2022, Singapore had a large net trade with Turkmenistan in the exports of Machines ($2.51M), Metals ($518k), and Instruments ($197k).

During 2017, Turkmenistan had a large net trade with Singapore in the exports of Mineral Products ($140M), Vegetable Products ($131k), and Machines ($3.44k).

Economic Complexity

Competitive Landscape

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

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

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